The Black Farmer Fund (BFF) has raised $20 million for its second fund, BFF Fund 2.0, aimed at strengthening the Black food system across the Northeast.
BFF is a community-driven investment fund that supports Black agricultural and food businesses to build a more equitable food system.
This milestone will provide financial support to Black-owned agricultural and food businesses, with $2 million of the integrated capital fund already invested in four innovative enterprises.
The fund is part of BFF’s mission to create a sustainable, equitable food system by offering patient, low-interest loans and grants to underserved communities.
$2M Invested in First 4 Food Businesses
BFF Fund 2.0 has made its first round of investments, distributing $2 million across four pioneering Black-owned businesses: New England Sweetwater Farm and Distillery, Nourrir, Edenesque, and Global Village Foods.
These businesses have been selected for their commitment to sustainability, local sourcing, and cultural preservation.
New England Sweetwater Farm and Distillery (New Hampshire): Blending farming with artisanal distilling, this company uses locally sourced ingredients to produce handcrafted spirits.Nourrir (New York City): A beverage company specializing in West African sparkling drinks, made from locally sourced ingredients that reflect the rich flavors of Africa and the Caribbean.Edenesque (Hudson Valley): A producer of plant-based milk alternatives, Edenesque is focused on sustainable practices and supporting regional agriculture.Global Village Foods (Vermont): Known for its allergen-free, ready-to-eat African meals, Global Village Foods celebrates African culinary traditions through its small-batch production.
Supporting Economic Justice in Agriculture
BFF’s unique approach challenges traditional lending models by allowing experienced Black farmers and food entrepreneurs to make funding decisions.
This “for-us-by-us” model ensures that the Black farming community plays a central role in shaping the future of its economic landscape.
“These businesses represent our mission to promote sustainable agriculture, strengthen local economies, and create a just food system,” said Olivia Watkins, Co-Executive Director of Black Farmer Fund.
Feature Image Credit: Black Farmer Fund
