It is a partnership between Advantage Capital Partners and nine Farm Credit organizations. Department of Agriculture, focusing on businesses involved in the production, processing and supply of agricultural products. "The market for agricultural residue is exploding, and with our long and successful heritage in partnering with growers and supplying global and domestic markets, we are positioned well to meet this new demand."Īdvantage Capital Agribusiness Partners is a $154.5-million fund, licensed as a Rural Business Investment Company by the U.S. This investment and our acquisitions will enable us to grow national market share and serve more customers in more regions," said Pacific Ag Founder and CEO Bill Levy. "Pacific Ag is already the single largest harvester and marketer of crop residue and hay in the United States. The growth represents a 40 percent increase for Pacific Ag in the Pacific Northwest and 25 percent overall. We are excited to see this fund continue to support businesses like Pacific Ag and look forward to seeing more partnerships like this come to fruition in the coming months."Īlongside the investment, Pacific Ag also announced two industry acquisitions that will result in growth of 40,000 acres harvested in the Pacific Northwest with corresponding growth in volume under sales contracts. "These efforts will help strengthen growing industries like bio-manufacturing, advanced energy production, local and regional food systems, 21st Century farming technologies and other emerging fields.
"The Rural Business Investment Company is a new and innovative way to encourage more private sector investment in rural America," said Tom Vilsack, Secretary of the United States Department of Agriculture. The growth capital will enable Pacific Ag to accelerate the expansion of its operations across the country through acquisitions, technology, equipment, sales and marketing to meet the increasing demand for agricultural biomass in the bio-refining, animal protein, composting and other markets. HERMISTON, OR-(Marketwired - Aug 6, 2015) - Pacific Ag, the nation's largest crop residue supply company, today announced $7 million investment from Advantage Capital Agribusiness Partners, LP (ACAP).
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