Broadfork Farm is increasing production capacity to expand their Compost Earth! organic soil amendment product lines to meet soaring demand.
Funded on 06/09/2022
Broadfork Farm is a working homestead and regenerative soil amendment company, owned and operated by Adam Hyde, Kaye Jones, and their three children in Trout Lake, Washington. Broadfork's business mission is to supply small and large-scale regional growers with premium quality living soil products. Their Compost Earth! brand is positioned at the exciting intersection of microbiome sciences, human gut function, and soil health.
Compost Earth!'s primary markets include bulk retail deliveries to home gardeners and bulk wholesale to commercial growers–mainly orchards, vineyards, and intensive market gardeners. They are also currently developing a set of packaged compost teas for online retail.
The core of their methods and technology is adopted from close collaborators in Austria and Switzerland, and represents state-of-the-art on-farm windrow composting. Compost Earth! places a high value on safe and clean raw material inputs for their compost, the majority of which are sourced within a 10-mile radius of the operation.
High demand for their top-shelf soil amendments, which translates into an opportunity to grow and expand the business, is requiring Broadfork Farm to increase production capacity and expand product offerings to include liquid bio-amendments, also known as compost teas. A loan from Steward will be used to purchase key equipment, as well as help Broadfork make necessary improvements to compost site infrastructure–specifically irrigation and covered storage for material handling.
Broadfork Farm produces humus compost which is a living supplement and the best source of whole food for healthy soils. Their methods of production use high-quality raw materials, free of contaminants and locally sourced within 10 miles of their facility in Trout Lake, WA. Working in accordance with the earth, their farming practices include:
Compost Earth! Is thrilled for this opportunity to grow our business, and I want to thank Steward and all our loan participants for prioritizing living soil! More updates coming soon as we crack into the expansion projects.
Adam and Kaye
Equipment--$27,600: This includes key equipment to expand the liquid biological amendment products and services, including a sprayer, a four-wheeler, a trailer, a microbe brewer, and a harvester.
Irrigation Improvements--$10,000: This includes installing a new in-ground line and renovating their existing wheel line for their field crops as well as setting up a pump station for their composting site.
Storage--$10,000: This includes a storage shed as well as a bin system for storing equipment and finished product.
Refinance–$40,000: This includes the refinance of their dump truck at more favorable rates.
Total Budget: $87,600
This loan will be made to Broadfork Farm LLC, a Washington limited liability company, which produces biological soil amendments for local farms and home gardeners.
This loan will be used to purchase equipment, improve farm infrastructure, and refinance a dump truck.
The total loan amount is $87,600, which will assist Broadfork Farm in growing and expanding their business.
This loan is set at a 7.25% interest rate, with a 60 month term, and fully amortized monthly payments beginning 6 months after funds are disbursed.
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