Transition Economics
The enterprise is set up to be resilient financially as well. Part of that resilience comes from multiple income streams. We anticipate income from farmstays, food production, value-added food services, online learners, and special events and workshops. Profits will initially be re-invested in farm / community infrastructure and eventually invested in adding more footprints to the commons by investing in other local learning commons.
All of this work, though, depends on freeing these initial footprints from the bonds of extractive capitalism. That’s why we are seeking project partners in this work. We are looking for people who are willing to invest in this vision for the future. Specifically, we are looking for Fair Share Sponsors, Timeshare Croppers, and those willing to invest in a 10-year social mortgage.
Fair Share Sponsors
Fair Share Sponsors see value in the social benefits and potential of the project and are providing access to others who may not otherwise have access. They may have as few as a single share or many, and can choose to make the access available to a certain demographic (e.g. youth, LGBTQ+, students, BIPOC). They have the confidence knowing that their investment is backed by the real estate and assets of the B-corp/co-op so if the project is dissolved, they will be made whole.
Timeshare Croppers
Timeshare Croppers see themselves as part-time members of the commons. The number of shares translates directly into the right to occupy and work in the commons, with two shares equal to an annual one-week stay at the retreat centre, and the right to stay on the farm every year in perpetuity.
Social Mortgage Holders
The social mortgage works much like a traditional mortgage, but the interest on the loan is paid in the form of tangible progress on the pro-social goals of the enterprise:
- A demonstration of carbon-negative, climate-resilient food production.
- Increasing local food security.
- The creation of structured affordable housing.
- Increased bio-diversity, eco-system health and carbon sequestration.
- The establishment of local, place-based resilience networks.
- A demonstration of effective, non-coercive forms of cooperation and mutual aid.
- Dissemination of resilience and regeneration skills through onsite experiential opportunities and an online community of learners.
Mortgage holders receive payments from the B-corp/co-op to pay down the principle and have the added benefit of being able to leverage their equity in the project and the assurance that their investment is backed by the real estate value of the properties in the event of non-performance.
The social mortgage in essence allows caretaker / farmers access to the land in exchange for the opportunity to convert hard work, intelligence and care into earned equity. Eventually, these efforts will allow the B-Corp/co-op to hold the land in trust at the community level to ensure perpetual access for those willing to care for the land.
Email us if you’re interested.