Cattle Operation Raises Over Half Million Dollars via Harvest Returns' Crowdfunding Platform
FORT WORTH, Texas, Oct. 18, 2018 /PRNewswire/ -- Blackdirt Farm Management, LLC, a grass-fed cattle operation in Georgia, announced today that it has successfully completed a capital raise totaling $510,000. The asset-backed note was successfully closed on Harvest Returns' crowdfunding platform.
With the capital raised, Blackdirt's team will grow by approximately 100 percent within the next 12 months as additional farmland assets come into production. The company is set to more than double acreage in grass-fed beef production by the end of 2019. The expansion includes over 1,000 acres of grazing farmland in the Southeast that will transition into grass-fed beef production.
"We are very pleased with the results of our partnership with Harvest Returns, as it provided access to a base of investors outside Blackdirt's existing network, and proved to be an effective platform for raising capital," said David Nicola, CEO of Blackdirt Farms. "We look forward to working with the Harvest Returns team again in the future."
Changing consumer tastes and preferences are driving demand in the organic grass-fed beef market.
"We're excited to support Blackdirt's rapidly growing grass-fed livestock operation," said Chris Rawley, Harvest Returns' CEO. "Blackdirt and other innovative producers are increasingly choosing crowdfunding as a way to raise capital to expand their farms and ranches."
About Blackdirt Capital
Blackdirt Farms was founded in 2015 by David Nicola. The company is a professional agriculture operations and production business with a focus on grass-fed and pasture-based beef production in the Eastern U.S.
About Harvest Returns
Headquartered in Fort Worth, Texas, Harvest Returns, LLC is a financial technology company created in 2016 by two military veterans to bring agricultural producers together with investors. Through democratizing the agriculture investment process, the online platform provides curated, diversified offerings of farms, ranches, and timberland to qualified investors.
For more information, please visit harvestreturns.com.
For more information about this topic, please contact Allison Spence at 844-673-8876 or email at [email protected].
Contact
Allison Spence
844-673-8876
[email protected]
http://harvestreturns.com
SOURCE Harvest Returns
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