Cutting-edge ways to Fund your local food business – National Good Food Network (Webinar roundup)

Financing, Funding & Investment in Local Food is needed to bring about a better food systemFinding it hard to raise capital to get your local food enterprise off the ground or expand your operations?

 

Imagine a future where there’s significant community investment to help you grow the local food movement. That’s the future where we spent our morning.

 

We were listening to a webinar from the National Good Food Network on innovative & unexpected ways to raise capital for your ‘more than profit’ enterprise.

 

Here’s a teaser:

  • Speciality Deposits
  • Co-operative model
  • LION networks
  • Crowdfunding platforms like Kickstarter
  • Micro/e-Lending platforms like Kiva
  • Slow Munis
  • Pre-Sales
  • Local Stock Exchanges
  • Investment Clubs like SlowMoney
  • Self Directed IRA

So make sure you check out our Storify local food funding webinar round up below, and take a look at our new Top Tips for Local Food Funding blog too.

Here’s our run down of the NGFN event, we hope it helps you get your local food enterprise funded and operating!

 

 

 

[<a href=”http://storify.com/buckybox/local-food-investment-webinar” target=”_blank”>View the story “Local Food Investment Webinar” on Storify</a>]<br /> <h1>Local Food Investment Webinar</h1> <h2>A webinar hosted by @ngfn on innovative ways to fund your local food enterprise! More information at the National Good Food Network here: http://bit.ly/y7TKRg</h2> <p>Storified by Bucky Box · Thu, Mar 15 2012 17:35:20</p> <div>Find out how the USDA supports local and regional food systems. Free webinar TODAY 3:30p ET 12:30p PT http://bit.ly/y3qVhDNatl Good Food Netwk</div> <div>Not too late to learn Cutting Edge Ways to Fund Your Food Business at the NGFN webinar -TODAY- 3:30ET 12:30PT http://bit.ly/wajAGRNatl Good Food Netwk</div> <div>The time has come! Webinar on Investment into sustainable agriculture on in 5mins! http://trib.al/CETZ4v #ngfnBucky Box</div> <div>’Cutting Edge Ways to Fund your Food Business’ #NGFNwebinar on now http://bit.ly/w07Ggl – thanks @ngfn!Bucky Box</div> <div>Study & Support of #FoodHubs – resource coming soon from USDA & Wallace Centre http://foodhub.info #NGFNwebinarBucky Box</div> <div>Panelist & speaker Michael Shuman is introduced to the webinar audience of around 80 people from around the country (and world in Bucky Box’s case!)<br></div> <div>Michael Shuman (economist & author) – ‘Local $, Local sense’ : the importance of #investment in #food. Webinars coming up! #ngfnwebinarBucky Box</div> <div>Information from NGFN:<br><span style=”font-style: italic;”>Drawing from his new book, “Local Dollars, Local Sense:  How to Shift Your Money from Wall Street to Main Street,” Michael Shuman will explain a dozen, low-cost strategies local businesses are using to secure new capital from the general public.  He will talk about specialized bank CD programs, prepurchase deals, new-generation cooperatives, internet sponsorship sites (like Kickstarter), P2P lenders (like Prosper and Kiva), community lending circles, investment clubs, municipal bond schemes, local revolving loan funds, direct public offerings, and local stock exchanges.  He also will report on the latest news of a crowdfunding reform bill – sponsored by Tea-Party Republicans but endorsed by the Obama Administration – that is working its way through Congress and could literally make trillions of dollars of new capital available to local business.</span></div> <div>$103m to relocalise food in Boulder, but #local people can fund this with a fraction of our savings & securities. #ngfnwebinarBucky Box</div> <div>Economic impact of moving 25% of food to #local: 1899 jobs, $81m in wages, $138m local gdp – in Boulder County alone! #ngfnwebinarBucky Box</div> <div>’A tiny fraction of national long term capital is invested in local markets’. Shift $ from Wall St to Local! #ngfnwebinarBucky Box</div> <div>AGREED! Software being one! "Many efficiencies discovered in current food system that are not contrary to Good Food." #ngfnwebinarBucky Box</div> <div>The Local Food investment tips start rolling in….<br><br></div> <div>Investment in Local Food: 1) Speciality Deposits (CD’s) http://trib.al/43JZ5Y #investment #food #ngfnwebinarBucky Box</div> <div>1) Speciality Deposits: Alternative Credit Union CENTS http://trib.al/Et7k9d #ngfnwebinar #investmentBucky Box</div> <div>Investment in Local Food: 2) Co-op Investment – lighter & easy to get off the ground #ngfnwebinarBucky Box</div> <div>Cooperatives take up the next 5 minutes or so – seem like quite the possibilities in this space.<br></div> <div>#Co-ops are amazing. It’s official. Food Hub with Co-op backing anyone? #ngfnwebinarBucky Box</div> <div>3) LION – local investment opportunity network – Local Food enterprises can apply! #investment #ngfnwebinarBucky Box</div> <div>Local Food Investment tip #4: Sponsorship – get in on the @kickstarter crowdfunding revolution! #ngfnwebinarBucky Box</div> <div>Haha, "The electronic Mohammad Yunus" Local Food Investment tip #5: e-Lending – get in on @kiva action! #ngfnwebinarBucky Box</div> <div>Local Food investment tip #6 ‘Slow Munis’ – Municipal Bonds http://trib.al/lHzWn8 #ngfnwebinarBucky Box</div> <div>Local Food investment tip #7 Pre-Sales – Get your money up front to aid growth! #ngfnwebinarBucky Box</div> <div>Local Food $ tip #8 Local Stock: locally raised funds for local projects http://trib.al/wV2kns #ngfnwebinarBucky Box</div> <div>Stock take of new legislation bills related to Crowdfunding – as backed by Tea Party & Occupy Wall Street.<br></div> <div>Pending legislation in US could open up a whole realm of new securities to Local Food if #crowdfunding legislation goes thru! #ngfnwebinarBucky Box</div> <div>Local Food $ tip #8: Local Stock Exchanges – Hawaii might be first off the rank! #ngfnwebinarBucky Box</div> <div>Local Food Investment tip #9: Investment Clubs like @SlowMoney & @SlowMoneyNYC #ngfnwebinarBucky Box</div> <div>Local Food investment tip #10: Self Directed IRA (there’s even a "For Dummies" book for it!) #ngfnwebinarBucky Box</div> <div>So the big question: "When the 1st $1trillion shifts from Wall St, what would you do for local food with a portion of it?" #ngfnwebinarBucky Box</div> <div>Prepare for the next stockmarket crash as everyone shifts their investment into local channels.Sustaination</div> <div>Food Hubs were talked about a fair bit as a shifting trend to open up new markets for CSA’s and local growers.  Check out http://foodhub.info to jump to the Wallace Centre’s resource portal for Food Hub information!<br></div> <div>Big excitement about #FoodHubs from Michael Shuman as future of local food on #ngfnwebinarBucky Box</div> <div>I think Sustaination might have to bring our early investment offer forward.. over excited by #ngfnwebinar — thanks @buckyboxSustaination</div> <div>Michael Shuman opens the webinar to questions.  He explains investment into Food Hubs could be a prudent move at the moment.  We also ask about investment in technology for Food Hubs…<br></div> <div>Afraid we disagree on that one! ‘Most useful basis for software in local food is redeploying old technology’ what do u reckon @sustaination?Bucky Box</div> <div>@buckybox if you *can* re-use old software, then obviously do that. But there’s *always* room for necessary innovation #foodtechSustaination</div> <div>@Sustaination I’ve not seen too many VegeBox schemes operating SAP tho. Is #Tech moving too fast to deploy old tech for emerging industries?Bucky Box</div> <div>@buckybox barcode scanners, cheap gsm cell phones for remote data capture… all useful old tech which can be used.Sustaination</div> <div>@Sustaination True, simple smart phones & tablets will have a big role in the emerging decentralised food system. Time to make it happen.Bucky Box</div> <div>Study on shifting 25% of food to Local systems can be found here (PDF): http://trib.al/eoufudBucky Box</div> <div>Great stuff @NGFN, TY for the webinar, really interesting & helpful! Report to follow here: http://trib.al/T2EFXN #ngfnwebinarBucky Box</div> <div>Ditto! RT @buckybox: Great stuff @NGFN, TY for the webinar, really interesting! Report to follow here: http://s.coop/aorx #ngfnwebinarSustaination</div> <div>Check out more of National Good Food Network & Wallace Centre’s work here:<br></div> <div>Welcome — Wallace CenterWelcome to Wallace Center</div> <div>Welcome to your National Good Food Network — National Good Food NetworkThe National Good Food Network is bringing together people from all parts of the rapidly emerging good food system – producers, buyers, d…</div> <div>Check out more of Michael Shuman’s work here:<br></div> <div>Cutting Edge Capital – Creative Capital Raising for Your Business » About UsJenny has over fifteen years of experience as an attorney for and creator of social enterprises. She has raised funds for and launched a …</div> <div>THE BUSINESS ALLIANCE FOR LOCAL LIVING ECONOMIES | BALLE – Business Alliance for Local Living EconomiesDansko Stepping up its U.S. Footprint (posted on Mar 15 2012) Philadelphia Inquirer The Dansko shoe company strives to manufacture their …</div> <div>Local Dollars, Local Sense by Michael H. Shuman – Chelsea GreenLocal Dollars, Local Sense by Michael Shuman probes the future of investing — making the case for investors to put their money into buil…</div> <div>Local Dollars, Local Sense: How to Shift Your Money from Wall Street to Main Street – Michael Shumanargusfest</div>

Twitter Hashtags for Local Food!

Twitter bird hovers holding #LocalFood signHashtags are a great way to follow specific areas of interest on Twitter, so here’s our run down of hashtags we follow to keep up on the amazing work going on around the world in the local & organic food movement.  Set up a couple of feeds in tweetdeck / hootsuite, and watch the good news roll in!

 

We’ve also been curating a list of people who talk & work on creating a people & planet friendly food system for you to follow.

 

General Farming & Agriculture:

#agriculture / #farming – very general catch all for Agriculture / Farming tweets

#food – general catch all for all things food

#agchat#foodchat – hosted by AgChat.org (“The AgChat Foundation is designed to help those who produce food, fuel, fiber and feed tell agriculture’s story from their point of view.”) – disclaimer: AgChat is sponsored by several corporate & Government interests, but there’s some interesting discussions on both sides of the fence.

#AgChatOz – spurned off the back of the success of the above – this is the space for Australian Farmers & Ag professionals to connect around their home country’s specific challenges and opportunities.

#AgriChatUK – likewise the need for connection and chatter in the UK farming community brought about this hashtag, you can read the full story here.

#AgGen – young farmers and the future of farming is discussed in this growing community. Started in the UK.

#AgChatNZ – Kiwi’s don’t like to miss out, so they spun out this hashtag to talk New Zealand farming. Largely facilitated by the Federated Farmers organisation, which is fairly conservative in their tastes, so tends to be fairly ‘conventional agriculture’ based. That said, there’s interesting work with Biological Farming in NZ, and we’re pushing hard for more Sustainable Ag content in the community too.

#goodfood – often used by daily tweeters to simply chat about their tasty dinners, but there’s quite a bit of use in relation to people & planet friendly food.

#foodbloggers – find & chat with people who blog about Food, there’s even an International Food Blogger conference organised by Foodista!

#SustainableAg / #SustAg – keep in touch with the Sustainable Agriculture discussion on these hashtags.

#Agroecology – keep an eye on this hashtag, as whilst it’s not highly used at the moment, it’s an emerging trend toward Regenerative Agriculture, with a focus on renewing the health of our soils.  Agroecology was identified by the UN Special Rapporteur for Food Security, as a key component in sustainable development, and got a fair bit of press at Rio+20.

#FoodSystem – a hashtag we believe will slowly rise in use, as the local food movement grows, and we understand that we live in a dynamic global food system.

#profood – recently on the rise, focused on all things organic, local & ethical in the food system!

 

Local Food

#localfood – complete with RT bot, the local food hashtag is growing in its use and conversations are often found around it.

#eatlocal – another prolifically used local food hashtag, well worth following!

#locavore – for the ‘ultra local’ fans amongst us, locavore is a term used mostly in Australia & US.

#realfood – people seeking to differentiate from industrialised agriculture can often be found on this hashtag.

#SlowFood – keep up with the Slow Food movement.

#SlowMoney – a movement which grew out of Slow Food, which seeks to raise capital for innovative Food Enterprises which seek to create a better food system.

#Foodies – a term applied to people who follow ‘good food’ practices.

#UrbanAg – check out the discussions on urban agriculture

#TEDxMan – explodes in use during each TEDxManhattan, the 2012 event was themed “Changing The Way We Eat” – report here.

 

Local Food Initiatives & Enterprises – the shorthand

#VegeBox / #VegBox – tweets about Vegetable Box Delivery Schemes.

#CSA – discussion & broadcasts about Community Supported Agriculture.

#FoodHub – find out more about the emergence of Food Hubs around the world on the FoodHub hashtag

If you need a run down on Local Food jargon – check out our guide here.

 

Organic & Permaculture

#permaculture – a big community and movement behind the permaculture principles of agriculture, find out much more on this hashtag.

#organic – the organic movement is growing exponentially year on year, follow its progress here

#biodynamic – an organic method of farming which considers holistic symbiosis of the soil, plants and animals as a self-sustaining system. A little traffic from a defined community, much like permaculture.

 

Health & Education

#FoodRevolution / #FoodRev@JamieOliver created the Food Revolution movement in USA, and the thriving community which use this hashtag also have tools available to co-ordinate through the Food Revolution website.  2012 went down with 1000’s of tweets from around the world – check out our Food Revolution Day photos here.

#FoodDay – a 2011 day launched in USA to bring conversation about healthy, affordable food produced in a sustainable, humane way, to the masses

#FoodSummit – Conferences around the world have been using this hashtag, but we joined all the forward-thinkers at the Sustainable Food Summit in Australia.

 

Focused on the 1 billion who go to bed hungry

#poverty – used by a diverse group of people, mainly those interested in sustainable food production, development, activists, social enterprises

#changedinner – seeking to address the food distribution problem, @30project launched ChangeDinner campaign in late 2011

 

Intersection of Food & Technology

#foodtech – a thriving community is also growing around the Food+Technology Connect crew who are specifically interested in how technology can change our food system for the better.  There are also great stories highlighted by the Seedstock team in regards to sustainable agriculture focusing on startups, entrepreneurship, technology, urban agriculture, news and research

#localfoodsoftware – popping up now & then as more software, like Bucky Box, becomes available.

 

Follow @buckybox!


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In addition to the above, we sometimes use #socent when we’re talking about the social enterprise foundation to our business – learn more about that here: Video – ‘Tools for a better food system‘.

 

Thanks for reading – please do let us know of any other hashtags we should include, or feel free to pop us on your own list, and we’d love to connect with you at @buckybox!

Twitter Bird sings Local Food Movement hastags

World-wide Partners

Bucky Box re-invests 2/3 of it's profit back into the local food movement, it's called the Global Partnership Program**Updated at 22/03/12**

The Bucky Box Global Partnership Fund is an evolution in its design.  Recently we committed to our constitution that the fund will be built from a minimum of 67% of our annual profits, which will be invested back into organizations taking action to create a sustainable food system – this is part of our social enterprise / social business model.

 

We see food distribution has become a profit centre, and we realise that ‘business as usual’ with software companies partially replacing supermarkets in this space, could in fact just heap more of the same problems on food producers (farmers) and consumers (us).

 

Instead, we envision a food distribution system which redistributes profits into the ‘food champions’ who don’t necessarily have a solid business model.  We’re talking NGO’s, advocates, researchers, and people focused on education, among others… people who are working for a better food system.

 

Our model is not a traditional ‘make it, then give a percentage away’.

 

No, we back ourselves to help make change where it’s most needed, so we’re going to invest our profits back through a more blended approach:

  • Partnerships through which we can co-create solutions together
  • Philanthropic-giving where we can bring something to the table
  • Ethical Impact Investment
  • Internal resources which facilitate connections, cross-pollination & projects which wouldn’t otherwise happen

courtesy of dpict: http://bit.ly/GEguTt

We believe in something more than engaging in simple ‘Corporate Social Responsibility’.  We see our role as creating a positive impact business to its very core.  We know that positive social, environmental, and cultural outcomes can come hand in hand with economic rewards, and that regenerative solutions can flow through the veins of 21st Century Business. We believe in a more than profit future for business around the world.

 

Now… we understand you Local Foodies are some of the best advocates there is, but we’re also interested in helping out people & organizations who have supported you along the way.

 

Who gave you the spur to set up a box scheme? Where did you first learn of CSA’s?  Who brought the need for a local food system to your attention? Who gave you the education & resources to get started? Who’s helping design the future of the food system with people and planet as a starting point?

 

Let us know who those people are at @buckybox on twitter, with #BuckyChamp

 

“There’s an old Wayne Gretzky quote that I love: ‘skate to where the puck is going to be, not where it has been.”

~ Steve Jobs