Storey Family Farm is purchasing new equipment, installing water lines, and building a greenhouse to expand vegetable and poultry production capacity in 2022.
Funded on 12/18/2021
Storey Family Farm in South Bend, Indiana is a first-year farm that specializes in regenerative, pasture-raised poultry, vegetables, and mushrooms. They currently have 450 hens on a leased 10-acre pasture and operate their market garden on an owned 1-acre urban parcel. Their hens are fed organic grain from a local co-op, rotated on pasture from spring through fall, and overwintered in a hoophouse. Storey Family Farm sells almost all of their eggs to two local restaurants and a grocery co-op, with the remaining sold direct-to-consumer via their online store. High demand from local chefs, schools, and grocery stores is driving their need for expansion. Located in a prime area for neighborhood engagement, the farm is within a stone's throw from a school, community center, and South Bend’s major farmer’s market.
Storey Family Farm is seeking a $48k loan from Steward to expand their exceedingly popular vegetable and pasture-raised poultry production. Funds will be used to purchase new equipment, for water installation, and to build out a new greenhouse, which will help them increase production capacity and sales going into the 2022 season. These upgrades will enable the farm to produce more food with greater efficiency, leading to increased revenue and profit.
Storey Family Farm is committed to improving the ecological and social well-being of their community and surrounding environment. They work to grow nutritionally-dense, ecologically-minded food that is accessible for people with low incomes and considers the entire ecosystem in their farming practices. Through their farming philosophy they are:
We're very grateful to be sharing the news that you all made it happen: our project is fully funded! Thank you for your commitment to and support of regenerative agriculture and, more specifically, Storey Family Farm.
Now the real fun begins as we will be purchasing and establishing our propagation greenhouse, irrigation system, and more! Stay tuned for more updates as we'll keep you in the loop on how your funds are being used.
Stephen & Raquel Storey
Water Installation and Supplies--$20,000: Hooking up city water on their 1 acre urban farm and supplies for irrigation.
Tools and Equipment-- $15,000: Including a transplanter, seeder, and harvester as well as a variety of other tools needed for production next season.
Propagation Greenhouse--$13,000: All materials for the buildout of a new greenhouse and the installation of ventilation and heat.
Total Budget - $48,000
This loan will be made to Storey Family Farm LLC, an Indiana limited liability company, which grows and sells produce and pasture raised poultry for their local community.
This loan will be used for equipment purchase, water installation, and the buildout of a propagation greenhouse.
The total loan amount is $48,000 which will assist Storey Family Farm in growing and expanding their business.
This loan is set at a 6.5% interest rate, with a 60 month term, and fully amortized monthly payments beginning 9 months after funds are disbursed.
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