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Black Farmer Fund Raises $20M In Capital In Its Second Fund To Improve The Black Food System In The Northeast

A multi-million-dollar investment towards Black farmers is underway. As AFROTECH™ previously reported, the Black Farmer Fund, created by Karen Washington and Olivia Watkins, raised $11 million in September 2023 to support Black-owned agricultural systems through wealth-building opportunities. Since then, the New York-based nonprofit has reached its target goal in a second fund, which will deploy $20 million in capital to improve the Black food system, a press release states . It will specifically target food businesses in the Northeast region and provide support in the form of “low-interest loans and gifts.” The intention is for the awarded businesses to enable Black growers to strengthen their presence in the market and gain greater authority in the supply chain. This is timely when considering Black farmers have been faced with various challenges throughout the decades, which includes discrimination that has led to the denial of low-interest loans, grants, and further assistance,...

Sep 20, 2024

Local Lands, A Black-Owned Georgia Farm, Secures Funding To Expand Food Access For Local Residents

A nonprofit in East Point, GA, has distributed a grant to Black-Owned Georgia Farm, Local Lands, to expand local food production.

Jan 19, 2024

Kellee James' Mercaris, A Leading Sustainable Agriculture Pricing Provider, Acquired By Argus

Mercaris Founder and CEO Kellee James has come out victorious in an industry where Black women are often counted out. On June 27, it was announced that Mercaris — the leading provider of sustainable agriculture prices and analytics in the United States — has been acquired by energy and commodity price reporting agency Argus, according to a press release.

Jun 28, 2023