Saturday, July 17, 2010
Further growth at Farm Power
Last year around this time, we still had yet to fill our first digester's tank with manure; how things have changed. Now--besides all the operating experience from running Farm Power Rexville near Mount Vernon--our second digester is under construction, our third project has been financed and is in permitting, and we just received a $1 million grant from the Oregon Department of Energy for a Tillamook installation! The Tillamook region features dozens of medium-sized farms that pasture extensively in a temperature environment. It's an ideal location for one of our multi-farm community digesters. We've been talking to area farmers for over a year and are happy to be able to move forward; some locals have been happy to hear about us as well and we quickly received good coverage in the Tillamook Headlight-Herald.
To help us fund this rapid expansion, we are going back out to our supporters to raise more equity--by selling ownership units in Farm Power. For angel investors, we've been posting information on AngelSoft and we can take money from accredited investors anywhere in the United States. However, we are most excited about our ability to accept investment from a broad swathe of Washington State residents through a small public offering; an info sheet on the offering can be found at our company homepage. Anyone interested in further information can request our offering circular by contacting us or writing to firstname.lastname@example.org. One of the best ways to understand what we do is to attend one of our upcoming tours, currently scheduled for 10am on Saturday July 24th and 2pm on Tuesday July 27th--we update the schedule regularly at http://www.farmpower.com. We have gotten great support from our current members, and we look forward to expanding the Farm Power membership.