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January 04, 2021
Omg
Y'all. I'm floored. With one day to go, we have everything we need to get plants in the ground!!
I don't know if it's possible to hit our original goal, but right now it feels totally possible that we could finish January with a fence, planted field and the deed in our own name! And regardless, we're in amazing shape to open our doors to the public when the strawberries ripen in April. I can't wait to invite every one of you to the farm and show you what your loans have made possible!
Thank you so, so much!
Kirsten
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December 28, 2020
Update With 6 Days To Go
We're going into the last few days of our crowd funded loan. It's been a crazy month... I've definitely had to re-assess some things.
First off, huge thanks to those who have contributed the $11,200 that we've raised thus far - Debra Lubar, Will Pinkston, Sandra Goldi and Sarah Legere!!
Second... $11,200 is a long way from $85,000.
So, what gets cut from the budget?
I'll figure out how to buy the property come spring. That gets us down to $60,000. Next, I'm trying to see if I can get 90 day terms on the compost I was planning to buy, that gets the total to $45,000. Then I'm cutting out what I called the 'shit hits the fan margin' - roughly 10% added to all costs to account for things going wrong. That gets us to roughly $38,000. I can maybe trim some of the organic matter budget, or some of the labor budget, but either starts to risk the viability of the spring crop. Let's say I can trim $4k from each, bringing us to $30,000.
Ok. Now we're over a third of the way to the goal!
Let's be real here for a minute. There's 6 days left in this campaign. I don't expect $20k to appear out of one email to this list of just under a thousand people.
So, like everything else I've done as a farmer, I'll figure it out with what I have. Perhaps y'all can get me to the point where my family might be willing to push this over the finish line. Or perhaps it'll just be less than what I need, and I'll work every daylight hour by myself in January to get plants in the ground and the farm will have to take a couple of steps back in production and I'll pass on taking a salary or having an emergency fund for another couple of years.
Whatever happens, I'll make it work. The more that y'all can loan now, the easier it'll be for me to get up and running. Every penny will be paid back over 5 years, with 8% interest. In investment terms, this is a higher risk; it's a farm, it's a startup, there are limits to what the company can recover for lenders if I default, etc. In personal terms, I'm not defaulting on my community. If I have to get a job to pay this money back, I will.