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    Home»Business»Sustainable Agriculture Opportunity Zone Fund Closes Omaha Investment
    Business

    Sustainable Agriculture Opportunity Zone Fund Closes Omaha Investment

    By urbanagnewsOctober 26, 2020No Comments2 Mins Read
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    The Harvest Returns Sustainable Agriculture Opportunity Zone Fund recently funded the first tranches of an investment in a vertical farm and restaurant business that will produce locally-consumed food year-round in Omaha, Nebraska.

    The Sustainable Agriculture Opportunity Zone Fund invests to create positive impact to the agriculture industry across economically disadvantaged regions of the U.S. The fund seeks to provide investors with tax-favorable, risk-adjusted returns in assets uncorrelated with the stock and bond markets. The fund’s investment objective is to achieve tax-advantaged capital appreciation in production agriculture projects that are economically, socially, and environmentally sustainable.

    “Gather Omaha represents exactly the type of project in which we designed this fund to deploy capital,” said Chris Rawley, fund manager of the Sustainable Agriculture Opportunity Zone Fund and CEO of Harvest Returns. “The track record of the Gather management team and Omaha’s local economy makes this an appealing opportunity for investors who seek to diversify their portfolios out of volatile stocks.”

    Opportunity Zones were created as part of the 2017 Tax Cuts and Jobs Act to encourage investment in underfunded, low-income and distressed communities. Opportunity Zones offer a chance for investors to earn significant returns and tax incentives, including delayed and potentially reduced taxes on capital gains.

    “We are really excited to work with a fund like the Sustainable Agriculture Opportunity Zone Fund that aligns perfectly with our model of an Opportunity Zone and Urban Agrarian move,” said Graeme Swain, manager of Gather Omaha. “It isn’t too often that you find two companies aligning ideologically on such a specific agenda.”

    Gather Omaha will produce locally sustainable food using a vertical hydroponic farming system. Hydroponic production uses fewer resources than traditional farming practices with 95 percent less water usage, zero pesticide use, and a carbon footprint reduction from shorter shipment distances due to local consumption. In addition to use within their restaurant, the produce will be sold to local schools, hospitals, grocery stores, and farmers markets.


    About Harvest Returns
    Headquartered in Fort Worth, Texas, Harvest Returns, Inc. is a financial technology marketplace created in 2016 by two military veterans to bring agricultural producers together with investors. Through democratizing the agriculture investment process, the online platform provides curated, diversified offerings of farms, ranches, and timberland to qualified investors.

    For more information, please visit harvestreturns.com.

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