As surely as a home is far more than a house, the place where I live is far more than a street, a town, a county, a country, a zip code, or an IP address. I don’t live in the land of politics or the realm of economics. I don’t live inside the Beltway or in Nasdaqland or Kazakhstan. I don’t live in cyberspace.
Jeff, before we begin, I want to thank you for the images of the jars of water, one with soil rich in organic matter and one with the dissolved murkiness of soil that is deficient in carbon. Ever since you showed those images during a public talk a decade or so ago, the comparison has stuck with me.
In 2016, Colorado Soil Systems received a $15,000 zero-percent loan from the 2Forks Club. This loan allowed us to establish a fruit-tree rootstock nursery to preserve indigenous trees that grow in the valley; purchase irrigation supplies, fencing, and soil amendments; and embark on a vegetable- and flower- production operation.
After more than 30 years in business, the SLO Natural Foods Co-op in San Luis Obispo, California, probably would not have continued to survive without the help of Slow Money SLO. Inspired by a desire to save the community’s beloved store, a group of investors started Slow Money SLO and in 2013 made $87,000 in peer-to-peer loans to help the co-op move from a tiny, rustic space to a much larger building nearby.
I am convinced that breadfruit has more potential to address food security than does any other crop in Hawaii, where we import about 90% of what we eat. Developing our local small-chain food supply is truly essential in overcoming this staggering figure.
A few years ago, I got a call from New York Times reporter Ron Lieber, who writes for the Your Money column. “My next column,” he told me, “is going to be called ‘Investing For The Truly Fed Up’. I can’t tell you how many folks I hear from who don’t want to invest in the military or sweatshops or tobacco or gambling or nuclear power, and now there’s a whole new wave of folks who are adding fossil fuel to the list.
Many people relate to angels and have their own definitions of them. In the food system world, “angels” are investors, often known as venture capitalists (VC), typically focused on startups that hold promise of fast growth and exits to allow for large financial returns. VC investors understand that only 1 out of 10 investments will likely succeed, and often choose to invest in the technology sector.
Our food system’s successes and spectacular failures account for nearly one trillion dollars of US GDP, yet the media spotlight is usually reserved for the sexier tech and financial sectors. I hear regularly about growing populations, water shortages and rapidly changing international trade policies, and still, food and its ancillary industries seem to be taken as a given in the American economic schema.
Salmon return. Boomerangs return. Hindus return. When things work out, investments return. Letters with insufficient postage return. So do infections, mosquitos, prodigal sons, wandering eyes, sideways glances, the hands of a clock, circular reasons, not-quite-infinite seasons, pendulums, memories, criminals to the scenes of their crimes, and stories to where they left off.
For many years, agriculture—or the production of food and fiber—has resulted in the massive degradation of billions of acres of land worldwide. Now, the same industry finally has been acknowledged as having the unique ability to sequester carbon through the improvement of soils.