Lending Successful

Property Acquisition For Chapul Farms

by Chapul Farms
Property Acquisition For Chapul Farms

Chapul Farms is buying land for the construction a commercial insect breeding facility to produce livestock feed and soil amendments from recaptured food waste.

Project Summary
  • Location: McMinnville, OR
  • Products: Regenerative Inputs
  • Loan Term: 24 months
  • Net Interest Rate: 8.25% APR
  • Repayments Begin: 1 month after disbursement
$4,680,000
100% of $4,680,000

Funded on 10/31/2024

Overview

With a commitment to innovation, regeneration, and holistic-thinking, Chapul Farms is developing insect agriculture facilities that leverage the power of the Black Soldier Fly Larvae (BSFL) to divert discarded food waste from landfills and turn it into high-protein organic livestock feed and high-value organic soil amendments.

At the heart of Chapul Farms' mission is the desire to create a regenerative circular economy that minimizes waste and maximizes efficiency while rebuilding our world’s natural resources. The black soldier fly larvae produced in Chapul’s facilities are a fantastic source of protein for animals, and the frass—a nutrient-rich byproduct of the larvae—is an excellent organic alternative to synthetic soil fertilizers.

Also, by removing food waste from landfills, Chapul Farms reduces a significant contributor to pollution and greenhouse gas emissions. Black soldier fly larvae thrive on a diet of carbon-rich organic material—feeding it to the larvae means it is biologically digested and kept out of landfills where it would otherwise break down chemically and release greenhouse gasses.

Acquiring the land is the first step to prepare for the construction of Chapul Farms’ first commercial scale facility. This facility will harness the power of insect agriculture to biologically digest food waste—diverting waste from landfills, mitigating greenhouse gas emissions, feeding livestock, and building healthy soils.

 

Use of Funds

Chapul is acquiring a 40,000 SF industrial property on 9.5 acres in McMinnville, OR. This will become the company’s first commercial-scale production facility. This loan will cover 65% of the $7.164M total acquisition cost.

 

Regenerative & Sustainable Practices

Chapul Farms is dedicated to developing sustainable (net-zero) and regenerative (net-positive) initiatives, practices, and facilities. To that end, they work to ensure that all facets of their operation are beneficial to life on Earth.

  • Animal integration

  • Composting

  • Holistic farm/business plan

  • Increasing biodiversity

  • Pollinator habitat planting/maintenance

  • On-site renewable energy production

  • Sustainable sourcing

  • Food waste reduction

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