Community investment and CSA’s Paul Sander-Jackson Executive Director, Wessex Community Assets.
-
Upload
bryce-vass -
Category
Documents
-
view
218 -
download
0
Transcript of Community investment and CSA’s Paul Sander-Jackson Executive Director, Wessex Community Assets.
![Page 1: Community investment and CSA’s Paul Sander-Jackson Executive Director, Wessex Community Assets.](https://reader033.fdocuments.in/reader033/viewer/2022051515/551bbf5e550346b4588b4974/html5/thumbnails/1.jpg)
Community investment and CSA’s
Paul Sander-JacksonExecutive Director, Wessex Community Assets
![Page 2: Community investment and CSA’s Paul Sander-Jackson Executive Director, Wessex Community Assets.](https://reader033.fdocuments.in/reader033/viewer/2022051515/551bbf5e550346b4588b4974/html5/thumbnails/2.jpg)
Layers of the CSA
Landowner
Farmer/grower
Customer
Land
Sales and distribution
Farm enterprise
The land
![Page 3: Community investment and CSA’s Paul Sander-Jackson Executive Director, Wessex Community Assets.](https://reader033.fdocuments.in/reader033/viewer/2022051515/551bbf5e550346b4588b4974/html5/thumbnails/3.jpg)
Land
• Ownership providing long term tenure
• High initial cost (SW - £4400 per acre)
• Long term investment• Low risk• Low financial return
(average FBT £150 per acre = 1.4%)
• Social returns
![Page 4: Community investment and CSA’s Paul Sander-Jackson Executive Director, Wessex Community Assets.](https://reader033.fdocuments.in/reader033/viewer/2022051515/551bbf5e550346b4588b4974/html5/thumbnails/4.jpg)
Fordhall Farm
• £ 800,000 invested• Over 8000
members/investors • No financial return on
investment • Is it replicable?
![Page 5: Community investment and CSA’s Paul Sander-Jackson Executive Director, Wessex Community Assets.](https://reader033.fdocuments.in/reader033/viewer/2022051515/551bbf5e550346b4588b4974/html5/thumbnails/5.jpg)
Farm Enterprise
• Investment in the enterprise running the farm – e.g. stock, machinery
• Medium term (5-10 years)
• Some risk• Appropriate financial
return for investors?• Social returns
![Page 6: Community investment and CSA’s Paul Sander-Jackson Executive Director, Wessex Community Assets.](https://reader033.fdocuments.in/reader033/viewer/2022051515/551bbf5e550346b4588b4974/html5/thumbnails/6.jpg)
Tablehurst and Plaw Hatch Farm
• Community investment of over £150,000
• Over 400 member/investors
• Shares of £100 • Direct community
involvement in the farms
![Page 7: Community investment and CSA’s Paul Sander-Jackson Executive Director, Wessex Community Assets.](https://reader033.fdocuments.in/reader033/viewer/2022051515/551bbf5e550346b4588b4974/html5/thumbnails/7.jpg)
Distribution and marketing
• Investment by members in share of annual crop
• Short term – annual investment
• At risk – weather, crop failure
• Finance for those who cannot pay upfront
• Social returns
![Page 8: Community investment and CSA’s Paul Sander-Jackson Executive Director, Wessex Community Assets.](https://reader033.fdocuments.in/reader033/viewer/2022051515/551bbf5e550346b4588b4974/html5/thumbnails/8.jpg)
![Page 9: Community investment and CSA’s Paul Sander-Jackson Executive Director, Wessex Community Assets.](https://reader033.fdocuments.in/reader033/viewer/2022051515/551bbf5e550346b4588b4974/html5/thumbnails/9.jpg)
Community share issues…• Wessex have developed a model for
raising share capital at low cost• This means members of a community
can invest directly in community projects and services
• It is cheap to set up and acceptable to independent financial advisors
![Page 10: Community investment and CSA’s Paul Sander-Jackson Executive Director, Wessex Community Assets.](https://reader033.fdocuments.in/reader033/viewer/2022051515/551bbf5e550346b4588b4974/html5/thumbnails/10.jpg)
What works?• Track record of organisation & people• Clarity of offer• Blended financial, social and
environmental return• Access to suitable target investor
groups• Effective marketing
![Page 11: Community investment and CSA’s Paul Sander-Jackson Executive Director, Wessex Community Assets.](https://reader033.fdocuments.in/reader033/viewer/2022051515/551bbf5e550346b4588b4974/html5/thumbnails/11.jpg)
CSA and community investment – a good fit ?
CSA• Sharing of risk
between grower and customer
• Needs strong loyal customer base
Community investment
• Involves members in sharing financial risks
• People buying in through membership and ownership of organisation
![Page 12: Community investment and CSA’s Paul Sander-Jackson Executive Director, Wessex Community Assets.](https://reader033.fdocuments.in/reader033/viewer/2022051515/551bbf5e550346b4588b4974/html5/thumbnails/12.jpg)
But……
• Do you want democratic ownership and control for a farm?
• How do you allow farmers and growers to make the decisions they need?
• How do you secure long term tenure? Is ownership affordable?
• Double risk if you invest in enterprise and crop share?