ALTA Ag: Agriculture Land in Washington, US
- Committed to Date
$0 USDC
- Term
0 Months / 0 Days - Interest Rate
0.00% - Interest Redemption
Daily
- Open To
Global residents - Go Live Date
April 18, 2023 - Minimum Goal
$1,214,500 (USDC) - Type of Offering
Preferred Equity - Sponsoring Entity
Alta Ag x Calaway Ag 1 LLC
Summary
We are excited to launch our first offering for the Alta Ag products. The use of capital is to provide Alta Ag x Calaway Ag 1 LLC with capital as we close on agricultural land in our target geographic area of Tri-Cities, Washington, US.
Highlights
- Alta Ag x Calaway Ag 1 LLC plans to purchase, hold, and lease agricultural land in the Tri-Cities, Washington, US region.
- The use of funds is for equity and closing costs
- Holding period is long-term, financing period is 3 years or 36 months
- Interest rate is 6.5% per year, with a full interest reserve in the smart contract
Financial Highlights
| Capital Needed | $1,000,000 |
| Interest Reserve (On-Chain) | $184,500 |
| Fee | $30,000 |
| Total | $1,214,500 |
Calaway Ag Principal
Calvin Calaway, of Calaway Ag, is one of the premier agricultural producers in the Pacific Northwest. With a focus on producing high-quality hay, alfalfa, and wheat, he has established himself as a leader in the industry. To ensure his crops meet the highest standards, Calvin developed his own Near-Infrared Spectroscopy (NIR) lab for analyzing hay, which has become an invaluable tool for his operation. He has also successfully integrated trucking and distribution into his business model, enabling him to efficiently transport and sell his crops throughout the region. Beyond his professional accomplishments, Calvin is a loving father to three beautiful daughters and a devoted husband. In his spare time, he enjoys pursuing his passion for golf, and can often be found on the greens of local courses.
Best Ag Land in the 🇺🇸 US
Fertile Land
The agricultural land in the Tri-Cities region boasts remarkable fertility, capable of yielding diverse crops such as apples, corn, wheat, hay, grapes, potatoes, and various other produce.
Low Cost Electricity
The Tri-Cities agricultural region offers some of the most competitive electricity rates nationwide, which translates into significant advantages for local farmers.
Unlimited Water Supply
The Tri-Cities agricultural region benefits from an exceptional water supply for irrigation, courtesy of the Columbia and Snake rivers, which provide the best agricultural water resources in the country.
14.7M Acres
410 acres
Average Farm Size
$12k – $26k
Average Price Per Acre
Additional Resources
Washington Department of Agriculture
https://agr.wa.gov/
Washington USDA Farm Service Agency
https://www.fsa.usda.gov/state-offices/Washington/index
Washington State University Agricultural Extension
https://extension.wsu.edu/
Documents
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
Although forward-looking statements contained on this website are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. You are cautioned not to place undue reliance on forward-looking statements.
Definitions for Promissory Note:
Alta Finance Inc. who will assign to Alta Ag x Calaway Ag 1 LLC (“Offering Sponsoring Entity”, “Borrower”)
1280 S 800 E, Suite 200, Orem, UT 84097 (Utah County) (“Address for Notice Purposes”)
View our full legal disclaimers here.
