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By Onyx Ramirez and Mykalee McGowan, BFF Senior Communications Manager & Communications Associate
BFF acknowledges, celebrates, and uplifts the diversity of thought of what it means to be Black and what Black liberation through food means.
Black Farmer Fund is a 501(c)3 non-profit community investment fund that invests patient integrated capital among Black food systems entrepreneurs in the Northeast. We are passionate about nurturing community wealth and health by supporting Black food actors who increase food access and economic growth in their communities.
Careers
Typically, the people who decide what resources go towards Black farmers are not farmers, members of that community, or a part of the food system.
With an oversubscribed fund of $1.2 million, deploy $613,000 over the past year into 8 black food businesses in New York. The heart of our investment process is our community-led decision-making body, called an Investment Committee. We work with this committee of 12 black farmers and food businesses to collectively develop financial education, investment, and decentralized decision-making skills to inform funding decisions;
The First unfree Africans were brought to Virginia.
Integrated capital: Provide funding in the form of loans, gifts, and royalty financing to support small business creation and increase access to land and economic capital
Interested in learning more about Black Farmer Fund? Are you a black food business in New York State looking for community and support? Looking to invest in a community fund? Contact us!
WHAT TYPES OF BUSINESSES DOES BFF INVEST IN?
For Black Agricultural Businesses (Farmers, Herbalists, restauranteurs, caterers, distributors, and more!) that want to be considered for BFF opportunities around capital and community-building activities
The mission of Black Farmer Fund is to nurture black community wealth & health by investing in black agricultural systems in the Northeast.
Thank you for visiting Black Farmer Fund (BFF). We hope your visit was helpful and informative. BFF provides this website (“site”) for an educational and informative website for its visitors, investors, and community. This site is not an offer or recommendation to sell or solicit an offer to buy any securities. This site is not intended to provide tax, legal, or investment advice. Further, this site is not a professional financial advice service and should not be construed as one. One should see
The Black Farmer Fund (BFF) invests $20 million in Black-owned agricultural and food businesses. Founded by a Black woman, the fund operates as a community-driven initiative. It targets businesses within the farming and food sectors led by Black entrepreneurs.
Sep 2024Face2Face AfricaNews article
The Black Farmer Fund secures **$20 million** in its second fund to strengthen the Black food system in the Northeast. It has already allocated **$2 million** to four businesses. The initiative targets investment in agricultural enterprises led by Black farmers and entrepreneurs.
Sep 2024AfroTechNews article
Flexible financing initiatives aim to address historical inequities faced by Black farmers in the U.S. These programs provide tailored financial solutions to help overcome barriers like limited access to traditional credit. Organizations collaborate with agricultural lenders to offer flexible repayment terms and lower interest rates, supporting Black farmers in sustaining and growing their operations.
Oct 2023ImpactAlphaNews article
The Black Farmer Fund secures $11 million in capital toward its $20 million target to support Black-owned agricultural businesses. The funding aims to bolster entrepreneurship and economic growth in the farming sector. The initiative highlights a focused effort to address historical disparities in agricultural financing.
Sep 2023Black EnterpriseNews article