Huddle Notes from September, 21st, 2020

The huddles this week focused on remembering Ruth Bader Ginsberg, resilient farming, and business models that rock. Listen to and watch the recording here.

Talking Points

  • Remembering Ruth Bader Ginsberg
    • Because of her tireless work on the rights on behalf of women, women have a possibility of a different life than she did as a young woman
    • Never thought of herself as a feminist but her experiences made her realize a lot of things that she wanted to change
  • Resilient Agriculture: Environmental Defense Fund released the Financing Resilient Agriculture Report
    • Great appendix of resources with budget analysis and conservation practices
    • Focused toward lenders, how resilient farming can mitigate risk for lenders, could be a major part of the solution to current climate issues, and raise the cost of farmland with better soils.
    • Crop Insurance Limitations
      • Primarily for a narrow swath of crops
      • Major percentage used by large farms, small farms
      • Ag lenders won’t provide operating loans without crop insurance
        • Ex: You can’t get buckwheat crop insurance
      • More resiliency means increased crop diversity which means a change in crop insurance needs to be revisited
    • Are we reaching a tipping point in people’s readiness to do something about climate variability/change? How could farming be part of the solution instead of spotlighted in a negative way?

Tips & Next Steps

  • Edible-Alpha® Live! – Virtual Event December 8th and 9th, 2020
    • Showcasing different lanes for impact investing in ag and food
    • Food Finance Institute is mentoring these businesses
    • Podcasts coming out with each business
      • Tips from Breadtopia, a 100% online sales baking supplies company
        • Building a contact list with newer generations
          • Uses Instagram more than Facebook, seems to be better for their business
          • Give information to people that is useful for their purchases
        • Atlantic Sea Farms, kelp farm in Maine
          • Started as an economic development project. Lobster fishermen not active in winter and is an industry that will be greatly impacted by climate change – a proactive idea to start kelp farming.
          • Successful but put the cart before the horse, no market for kelp.
          • Created a brand for fermented kelp and got high-end chefs to introduce the products.
        • Join Sari Kimbell of Food Business Success in her latest podcast! Sari and our very own Tera Johnson discuss the importance of managing your cash flow as a startup business, especially during a pandemic, and tools to help you. Listen here: https://www.foodbizsuccess.com/4
        • For those interested in more from the perspective of female SCOTUS justices, here’s a 1.5-hour interview with Kagan and Sotomayor from Oct 2018. Recorded at Princeton, where they’re both alums. https://youtu.be/h0p8IHfFs4g
        • Something to chew on: John Lewis said something analogous re democracy:
          • Democracy is not a state. It is an act…The vote is the most powerful nonviolent change agent you have in a democratic society. You must use it because it is not guaranteed. You can lose it.

 

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