
Pinebrook Farm (2)
Rice, VA
0% interest loan funded February 2025
Founded in 2022, Pinebrook Farm has spent the last three years carefully building soil and relationships, and developing infrastructure and growing practices. A FoodCap loan in 2022 supported the purchase and construction of a high tunnel; subsequent years have seen further implementation of conservation practices supported by NRCS funding, and in late summer 2024 Pinebrook finally achieved their USDA Organic Certification. Pinebrook distributes its organic produce to the community and through wholesale relationships with Richmond's Black Farmer CSA and the 2020 Farmers' Cooperative.Â
As Pinebrook looks toward 2025, there is a priority on continuing conservation practices as well as developing organizational and business strategies that will lead to long-term profitability. To these ends, Pinebrook has signed an EQIP 75% cost coverage contract for a rainwater catchment system.
As an established borrower in good standing and with a perfect payment history, we were proud to support Pinebrook with a new round of capital to cover their portion of the EQIP contract. A 0% interest loan from FoodCap will cover those costs, allowing Pinebrook to continue investing in their conservation infrastructure while not burdening their cash flow as a farm on the precipice of financial success..