Hood River-based Farmers Conservation Alliance is raising $1.5 million in mezzanine financing, to make the nonprofit self-sufficient.
Hood River-based Farmers Conservation Alliance is raising $1.5 million in mezzanine financing, to make the nonprofit self-sufficient.
Rather than do a typical nonprofit capital campaign, Farmers Conservation Alliance is selling share-like “units.” Each unit corresponds to a specific environmental benefit that will be delivered by FCA through its patented Farmers Screen, which allows for the safe passage of fish in rivers that feed irrigation districts.
For example, Farmers Conservation Alliance will sell 30 “major units”through the offering at a price of $25,000 each. For that price, 36 river miles will be guaranteed for safe fish passage, 1.5 megawatts of clean hydropower is enabled and agricultural landowners will save $66,125 annually in avoided operation and maintenance costs as a result of the screen.
Read more at Sustainable Business Oregon.
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