Since 2007, the first U.S. private company to connect investors with

organic farmland and family farmers

David Miller, Chief Executive Officer

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Business Purpose

To operate a for-profit farmland company that positively impacts local, organic, and sustainable agriculture – focusing on the mid-size family farmer

Buy land. They ain't making any more of the stuff. – Will Rogers

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Commitment to the Land

• A company committed to hold the land for generations• Investment capital is open-ended and democratically

governed• Farmland is not treated as a trade • Farm tenants earn the option to purchase the farm• Voting rights vest after seven years• Transitioning the next generation of sustainable farmland

investors

Iroquois Valley Farms is the sustainablesolution to farmer land access

Our favorite holding period is forever. – Warren Buffett

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Commitment to the LandFarmer Commitment

One generation

Next Generation?

Board governed with open-ended ownershipIroquois Valley Commitment

Conventional Commitment10 years

Multi-Generational Tenures

Well Hopefully…

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Long Term Focus For the Next GenerationLong Term Source Long Term Use

• Broadly based (~80 investors)

• 40% of the capital from retirement accounts

• Last $5 million of farmland purchases have been for young farmers

Investor Base (% of invested capital)

Retirement40% General

58%

College2%

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High Growth Organic Food Market

Source: Organic Trade Association.

Value of Organic Food Market ($ in billions)

Constant Annual Growth Rate of 15.3%Organic as % of Total Market2000: 1.2%2011: 4.2%

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Organic Delivers Better Profits

Profit Per Acre• Productivity from organic

fields increases over time • Takes over 10 years to return

soil health to natural fertile levels

• Multiple research studies, including reports from independent third parties, academic institutions, and the USDA, have demonstrated that organic farming is more profitable than conventional

Source: Rodale Institute Farm System Trials.

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Organic Social & Environmental Impacts• In addition to economic benefits for the

farmers, organic farms provide numerous social and environmental benefits – Higher labor costs and no synthetic input expenses

assist local economies rather than corporate profits– No synthetic herbicides, pesticides, or fertilizers– More nutrients in organic foods for end consumer– Build rather than deplete soil organic matter– Use 45% less energy– Conventional systems produce 40% more

greenhouse gases

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Seventh Year of Operation

Note: 2013 organic acres includes acres scheduled for certification during the year.

• Impacting family farmers with 11 farms purchased• Initial investors have seen double digit returns

1 2 2 2 4 8 11Farms:

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Farmland Acres By State

TargetStates

366238763

Midwest / Great Lakes Regions

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2013 Private Placement

Funding new farmland acquisitions through a $6.9 million private placement

Minimum Investment$34,500

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Recent Purchase – Shiawassee Farm

New young farmers: Brent and Emily Shettler

238 acre farm in Michigan

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Vision Statement

To form the first publicly traded sustainable farmland company with generational impact for the family farmer

www.iroquoisvalleyfarms.com