Nova Scotia, Canada
FarmWorks Investment Co-operative Limited, incorporated in 2011, operates as a Community Economic Development Investment Fund (CEDIF) that enables Nova Scotians annually to purchase common shares in a diversified portfolio of businesses that yield meaningful financial returns on investments. These investments provide loans to farms, food processors, and value-added food producers, helping to increase the viability and sustainability of agriculture and the security of a healthy food supply.
In five years years Nova Scotians have invested $1,784,600 in FarmWorks CEDIF. Loans have already been made to 70 businesses. Loan repayments are immediately available to lend to other businesses.