Jim Jackson developed lumber and farmland in Eastern Washington, protected from coastal rains by the peaks of the Waterfall mountains, constructing out a clutch of apple farms and other residential or commercial properties on the state’s bright side for 40 years.
Traditionally, he raised cash to expand operations for his farms through his existing network, which suggested asking previous financiers to pool together and develop the cash.
However more just recently, Jackson turned to a fundraising platform that operates completely online. Like numerous other farmers, he’s using a service called AcreTrader to raise money for farming advancement tasks. AcreTrader is one of a growing number of companies transforming the method farm and forestland are gotten, developed and advertised across the United States.
There’s lots of farmland in the U.S. Bill Gates, Microsoft creator and the world’s third-richest guy, is the country’s biggest owner of farmland, holding roughly 242,000 acres. That number seems high up until you compare it with the 897.4 million acres of land that are presently arable and used for farming in the U.S.
Another 823 million acres of forests dot the United States, most of which are privately owned.
Taken together, that’s a huge amount of realty with economic capacity that’s generally been accessible only to the ultrawealthy to acquire and fund for advancement. Now, startups like AcreTrader and others consisting of Tillable, ($8.3 million) FarmTogether ($3.7 million), and Harvest Returns are bringing marketplace models to the farming world — — possibly bringing numerous countless investable acres to financiers looking to diversify.
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.