FOR IMMEDIATE RELEASE
Seattle, Washington | On March 16, 2018, PCC Farmland Trust protected its 21st farm.
Reiner Farm sits on 260 acres in the Tualco Valley, a concentrated area of commercial agriculture near Monroe, Wash., and has been stewarded by the same family for over 100 years. In addition to its prime soils, the farm boasts over two miles of salmon habitat along the Skykomish River and 120 acres of forestland and wetlands, making it an incredible conservation opportunity that serves multiple community and environmental interests.
To purchase Reiner Farm, the Trust secured $3.4M through a combination of philanthropic gifts and impact investments. The acquisition is part of a larger strategy the Trust is deploying in response to the region’s skyrocketing land prices—creating an exit for retiring farmers and a path forward for producers who need access to affordable farmland.
“We need flexible, low-interest capital in order to respond to the market on behalf of local farmers,” said Associate Director, Melissa Campbell. “Leveraging impact investments makes that rapid response possible.” The Trust sees its first-ever impact investment vehicle as a critical tool for scaling the Trust’s conservation goals and preserving Washington’s best and largest parcels forever. “The tool completely changes the way we finance our work, now and into the future.”
Reiner Farm’s rich and diverse landscape has garnered support from a strong coalition of government and tribal partners—all of whom hope to see the land stay in farming for generations. “This project is proof that high-quality fish habitat and productive farmland can coexist,” said Brett Shattuck, Restoration Ecologist for the Tulalip Tribes. “We appreciate the Trust’s landscape-scale approach to conservation and look forward to a continued partnership.”
The preservation of Reiner Farm’s natural resources not only ensures the protection of our precious landscape, but it enables the succession of prime agricultural land to the next generation of local farmers. “We are proud to launch this scalable and replicable approach to farmland conservation,” said Executive Director, Rebecca Sadinsky, “and plan to continue making an impact across the Puget Sound region.”
Media Contact: Molly Goren | firstname.lastname@example.org | 206-777-4053
PCC Farmland Trust works to secure, protect, and steward farmland in Washington, ensuring that local farmers productively farm using sustainable and organic growing methods. Reiner Farm is the Trust’s 21th protected farm, bringing its total number of conserved acres to 2,290. PCC Farmland Trust was founded in 1999 by PCC Community Markets, and has been an independent nonprofit ever since.