whole foodsHeather Callaghan
Activist Post

If you are expanding a local growing or food business, you might want to look to Whole Foods Market. Or, do you wish to convert your farm to organic?

They had success with their $10 million in fixed low-interest loans to over 150 businesses. So why not follow it up and keep the growing going?

They announced last Thursday that they have now committed $25 million in funding to their Local Producer Loan Program (LPLP). Since 2007, they have provided 184 loans to 155 companies. Funds are targeted to help local growers, producers and food artisans.

Whole Foods (WF) appears to be walking the walk to better local growing by sending money where it’s needed – the small local growing pioneers. To people where it might otherwise be difficult to obtain a loan, or at least a low-interest one.

According to them, their first $10 million has enabled growth, but also went to pioneer projects like biodynamic farming, non-GMO animal feed, pollinator health and healthier, environmental-protective packaging.

The addition of $15 million can go a long way, so the company welcomes new loan applications from producers seeking to expand their businesses. Whether applicants offer a distinctive artisan food product or a new hydroponic farming facility, WF loan administrators, buyers and local foragers work closely with business owners to drive growth and success.

Betsy Foster, the global vice president of growth and business developmentemphasizesthat expanding the program is a direct result of the innovations and successes of the loan recipients.

While some loan recipients sell products in Whole Foods Market stores, such as organic vegetable farmers, grass-fed cattle ranchers, natural body care producers and gluten-free bakers, many other recipients operate businesses that support the natural foods industry. Additionally, they wish to help more women start businesses.

In the end, it really expands the WF business but could also expand the selection and quality for customers. Consumer enthusiasm for WF has waxed and waned over the years with controversies surrounding GMOs and corporatism. This program appears to be keeping funds in the U.S.

Loan recipients must meet Whole Foods Market’s quality standards, use the funds for expansion and have a viable business plan. Typical loans range from $1,000 to $100,000 and have fixed low-interest rates.

Previous loan recipients have used their loans for purchasing more livestock, investing in new equipment, expanding production facilities, adapting to more sustainable practices or converting to organic production.

To view online video testimonials from loan recipients, and for other program details, visit:media.wholefoodsmarket.com/press/local.

Heather Callaghanis a natural health blogger and food freedom activist. You can see her work atNaturalBlaze.comandActivistPost.com. Like atFacebook.



Missing Podcast?

If you see an error with an archived podcast or know that an episode of our show is missing, please press the button below to send us a message so we can look into it.

Enter your name and email if you want to be notified when this podcast is fixed:

'Whole Foods to Privately Support Local Growers with $25 Million' has no comments

Be the first to comment this post!

Would you like to share your thoughts?

Your email address will not be published.

©Copyright One Radio Network 2019 • All rights reserved. | Site built by RedLotus Austin
The information on this website and talk shows is solely for informational and entertainment purposes. IT IS NOT INTENDED TO PROVIDE MEDICAL ADVICE. Neither the Editors, producers of One Radio Network, Patrick Timpone, their guests or web masters take responsibility for any possible consequences from any treatment, procedure, exercise, dietary modification, action or application of medication which results from reading or following the information contained on this website in written or audio form, live or podcasts. The publication of this information does not constitute the practice of medicine, and this information does not replace the advice of your physician or other health care provider. Before undertaking any course of treatment, the reader must seek the advice of their physician or other health care provider and take total responsibility for his or her actions at all times. Patrick Joseph of the family of Timpone, a man...All rights reserved, without recourse.