Friday, August 23, 2013

Farmstart - Louis and Margaret Rainville

Louis and Margaret (Maggie) Rainville are a recent FarmStart investment.  They are renting 180 acres of crop land in St. Albans, VT and are growing grain, corn and soybeans to supply organic markets.  Their crops are sold to regional organic grain dealers.  Louis has been working on his father’s organic dairy farm his entire life.  In 2012 he and Maggie started raising their own crops.  Yields were very good and with last year’s prices they were able to purchase a Sukup grain drier and two storage bins.
They came to Yankee with a good business plan, lots of drive and potential, but not a lot of equity or capital, a good fit for a FarmStart investment!  Louis and Maggie work closely with Loan Officer Chuck Custeau (their FarmStart advisor) and Financial Services Assistant Alicia Marcy, taking advantage of the discounts offered to FarmStart investments.
Pictured are Louis, Maggie and their two children, Isidore and Kaitlin standing in front of their grain drier.