VC Office Hours: Unlocking the Farmers’ Market with Black Farmer Fund
Black farmers seem to have received the rough end of every stick this past century.
In 1910, they represented around 14% of U.S. farmers and owned over 16 million acres of land. Today, one in 100 farmers are Black, owning less than 5 million acres and losing $326 billion in land value. Farmers are suing the USDA for alleged discrimination.
VC investment in the agtech space has been booming these past few years, and many farmers also receive some type of subsidized funding, whether from the government or nonprofit…