Dear Slow Money Friend, Foodishiary. Wait, read that again, slowly: food ish iary. It took a little nerve to introduce the term at our national gathering, but its reception was very heartening, indeed. There was a bit of laughter, a bit of applause and a lot of good will, as I rattled off the meanings of this companion to that tired old term, fiduciary. We’ve been dealing with the consequences of fiduciary responsibility for a few hundred years now, in its modern incarnation. And if traditional fiduciary responsibility won’t allow us to steer money into small-food enterprises near where we live, well, then, we need a new definition of responsibility that will. Read letter.
Cows Come Home to $3.9 Million Investment in MOOMilk
By Eleanor Kinney, Slow Money Founding Member
A recent multimillion-dollar investment in MOOMilk, an L3C based in Augusta, Maine, that produces organic milk from dairies around the state, is enough to stabilize a company whose story includes an admittedly rocky start. The inception of MOOMilk was a leap of faith. Born out of crisis in 2009, when 10 organic Maine dairy farms lost their contract with HP Hood, a national milk company, MOOMilk launched as an undercapitalized startup on a shoestring budget. See more.
Slow Money Entrepreneur of the Year Focuses on Food Justice
By Eric Kornacki, Revision International Executive Director
Revision International won the $50,000 Mamma Chia Slow Money Entrepreneur of the Year Award at the fourth Slow Money National Gathering this past April in Boulder, Colo., along with an additional $60,000 that was pledged May 1 during an Earthworm Angel investor meeting. Revision International, also called Revision, is a Denver-based nonprofit that works with low-income communities that often lack the access or the means to buy and eat healthy food. Revision helps people in these communities become self-sufficient and sustainable, using a resident-led approach that creates local talent, resources and wealth. See more.
Click above to enjoy this month’s Slow Money Minute, brought to you by Mary Berry, the executive director of the Berry Center and daughter of Wendell Berry. Then send us your own Slow Money Minute telling us what “bringing money back down to earth” means to you and how what you do in the world dovetails with the Slow Money principles and vision.