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Advantage Capital Agribusiness Partners announced investment in Pacific Ag
Aug. 11, 2015
“The Rural Business Investment Company is a new and innovative way to encourage more private sector investment in rural America,” said U.S. Secretary of Agriculture Tom Vilsack. “Matching private investors with small businesses in rural communities helps companies get the capital they need to grow and create jobs. We are excited to see this fund continue to support businesses like Pacific Ag and look forward to seeing more partnerships like this come to fruition in the coming months.”
Based in Hermiston, Ore., Pacific Ag began its business in 1998 to provide a way for individual animal forage growers to manage crop residue and turn the product into something useful. Pacific Ag has quickly become the leading service provider of agriculture biomass supply chain solutions, delivering hundreds of thousands of tons of product volume to several end markets in the U.S. and around the world.
“Using scale efficiencies, technology and enhanced market focus, our goal has always been to enable farmers to focus on their primary harvest while we focus on the best harvesting practices and best market return for them,” said Pacific Ag CEO Bill Levy. “This important investment will support the company’s continued growth.”
ACAP is a $154.5-million fund that is licensed by the U.S. Department of Agriculture (USDA) as a Rural Business Investment Company (RBIC). The fund is a partnership between Advantage Capital Partners and nine Farm Credit organizations, established to bring together resources and people focused on providing more private capital, small business investment and quality jobs to rural America.
“Pacific Ag is part of a growing agricultural movement dedicated to sustainably extracting more value from each cultivated acre by turning ‘waste’ materials into feedstock for multiple markets and industrial applications,” said Tim Hassler, Principal at Advantage Capital Partners. “The company’s premium service offering has generated a long list of customers that value Pacific Ag’s ability to dependably fulfill high-volume commitments.”
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