Use of Funds and Farm Purchase Contingency

Funds raised through this campaign are intended primarily to provide the down payment and related acquisition costs for the farm identified in this campaign.

If the purchase is successfully completed, campaign proceeds will be used toward the farm down payment, closing costs, financing expenses, and other costs directly associated with securing the property.

If the purchase does not close, contributors will be notified promptly. Contributors may choose either:

(1) to request a refund of their contribution, to the extent permitted by the payment platform and less any nonrefundable processing fees; or
(2) to authorize us to retain their contribution in a restricted Farm Acquisition Fund to pursue another suitable agricultural property.

Funds retained for a future acquisition will not be used for ordinary farm operating expenses, salaries, unrelated equipment purchases, or other purposes outside of acquiring and securing farmland unless the contributor expressly agrees otherwise.

If another suitable farm is not placed under purchase agreement within 12 months of the termination of the original purchase agreement, remaining restricted contributions will be refunded, subject to any nonrefundable transaction or processing fees.

Any rewards associated with the campaign that have not yet been fulfilled will be cancelled or refunded if the contributor elects a refund.

Rewards dependent upon operation of the new farm will not become due until the property acquisition closes.

Up to 5% of campaign proceeds may be used for documented fundraising expenses, including payment-processing fees, campaign materials, legal/accounting costs, events, and reward fulfillment. All remaining funds will be restricted to farm acquisition.