Dear Iroquois Valley Investors & Stakeholders,

While summer and early fall are often quieter periods for farmland investments, we’ve had a productive Q3, closing three transactions totaling just under $4 million. These acquisitions add one new farmer to our portfolio, which now spans 37,000 acres across 20 states. In partnership with Dirt Capital, we completed our largest transaction: a 22,000-acre ranch managed by Cindy Tolle in Southern Arizona. To learn more about Cindy’s work, please see our recent press release.

Additionally, our charitable affiliate, the Healing Soils Foundation, has an opportunity to unlock $100,000 of a challenge grant to support organic regenerative farmers (scroll down for more details).

Our fundraising momentum has been strong this year, reaching $14 million by the end of Q3, with balanced interest in both our REIT Equity Shares and RNR Impact Notes. After a pause for the SEC’s annual review, our REIT Equity Shares Offering is again open for investment. With a growing list of farmers seeking funding to transition to organic practices, additional investments before year-end are instrumental to meet the rising farmer demand. 

Over the next decade, demand for organic food products is expected to increase at a rate of approximately 13% per year. However, less than 2% of the farmland in the United States is certified organic. To meet this growing consumer demand, change in agricultural practices is necessary. More importantly, organic farming contributes to repairing the environment, assists in improving human health, and provides farmers with a better quality of life. With your investment, we can continue to do the work necessary to change agriculture.

Many of you are now accessing FTI Consultants’ Yardi portal for investor information. About 450 investors and advisors have registered to date. If you haven’t yet registered, please contact Nicole Ferer, Manager of Investor Relations, for assistance. If you have any questions or would like additional information on our current portfolio, please reach out to invest@iroquoisvalleyfarms.com. You can also explore our latest marketing materials on our website.

OUR PORTFOLIO

OUR IMPACT

JOIN US IN SUPPORTING

THE HEALING SOILS FOUNDATION

Now more than ever, it is imperative to remember that our planet and our farmers need your support. To more directly meet the needs of organic and regenerative land stewards, Iroquois Valley’s charitable affiliate, the Healing Soils Foundation, provides grants directly to farmers to help transition, build, and scale climate-resilient farms in our portfolio and beyond.

Since its founding, Healing Soils has awarded nearly $1 million in grants to organic and regenerative farmers across America, with a strategic focus on the Midwest, empowering them to grow sustainable food and address the climate crisis through ecological restoration. Their momentum is increasing with the addition of Sarah Franz as Executive Director. This year alone, Healing Soils awarded six grants, including $145,000 to Meadowlark Farm and Mill to strengthen their 1,000-acre organic grain operation and $20,000 to Freitag Farm to help transition 100 acres from conventional farming to rotational grazing.

Right now, your donation can go even further — Healing Soils has the opportunity to unlock a $100,000 match. Your support will help farmers across America build a healthier, more resilient food system. Please join us in donating today and double your impact.

CONNECT WITH IROQUOIS VALLEY

Our team is attending these upcoming conferences. Reach out to connect!

• Montana Organic Association (Great Falls, MT)
• Texas Organic Farming & Gardeners Association (Pflugerville, TX)
• OGRAIN (Madison, WI)
• EcoFarm Conference (Pacific Grove, CA)
• Ohio State Organic Grains (Oregon, OH)

Photos: Janie's Farm, Meadowlark Organics, & Central Grazing Company

RNR Notes are available to accredited investors only. You may only invest after careful consideration of our complete Private Placement Memorandum, verification of your accredited investor status, and the submission of any other information required by Iroquois Valley relating to your proposed investment. No offering of RNR Notes is being made to investors until the Company has complied with the applicable state law. 

Iroquois Valley Farmland REIT, PBC is offering its common stock for sale pursuant to Tier 2 of Regulation A+ and as such intends to be exempted from state qualification pursuant to federal law. No offer to sell securities or solicitation of an offer to buy securities is being made herein or in any state where such offer or sale is not permitted under the blue sky or state securities laws thereof. Offerings are only made through our Offering Circular, available here. Some of the statements herein may constitute forward-looking statements under federal securities laws. Such forward-looking statements are subject to various risks and uncertainties, including those described in the Offering Circular.

No offering is being made to investors unless and until the offering has been noticed in that state, as applicable. In compliance with state securities laws, please contact the Company if you reside in NY to determine if an investment in our common stock (or further investment) is possible.

CONNECTING FARMERS, COMMUNITIES, AND INVESTORS SINCE 2007

As a corporate guideline, we do not look for specific farmland to purchase or finance. We develop relationships with farmers who want to grow their businesses. We move forward when we have a ready, willing, and able farmer.