New – Newsletter August 2019
FarmWorks promotes and provides strategic and responsible community investment in food production and distribution in order to increase access to a sustainable local food supply for all Nova Scotians.
Impacts of Local Investment – Survey of FarmWorks Clients A new survey is underway to update the results of the 2016 survey that describes the economic, social and other outcomes resulting from Shareholder investments that enable FarmWorks to provide loans and additional support to clients.
FarmWorks Investment Co-operative Limited, incorporated in 2011, operates as a Community Economic Development Investment Fund (CEDIF) that enables Nova Scotians annually to purchase common shares in a diversified portfolio of businesses that yield meaningful financial returns on investments. These investments provide loans to farms, food processors, and value-added food producers, helping to increase the viability and sustainability of agriculture and the security of a healthy food supply.
FarmWorks partners with investors, loan recipients, other lenders and other food-related organizations. These partnerships contribute to the growth and success of food-related enterprises across the province. FarmWorks Directors and Advisors support enterprises that successfully and sustainably increase production and profitability.
In eight offers years Nova Scotians have invested $2,716,900 in FarmWorks CEDIF. Loans have already been made to over 95 businesses. Loan repayments are immediately available to lend to other businesses.