the smart farm project (including appendix)

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LEADORGANIZATION:

Elphinstone Farm CorporationBowen Island Properties

AN EXPLORATION OFSMALL FARM CO-HOUSING

Sara Dent

Partial funding for this project has been provided by AgricultureAgri-Food Canada through the Canadian Agricultural AdaptatProgram (CAAP). In British Columbia, this program is delivered bthe Investment Agriculture Foundation of BC.

Farm Folk/City Folk and Young AgrarianCommunity FuturesOne Straw SocietyVOICE on the CoastSunshine Coast Regional District

IN COLLABORATIONWITH:

FUNDERS:

SPONSORS:

PARTNERS:


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HOW IT BEGAN 3Intro by Chad Hershler

OVERVIEW 4

CONSULTANT TEAM 5Its all about the people

CHARTING THE COURSE 6Methodology, challenges and lessons learned

CONSIDERATIONS 7A simple checklist

CASE STUDIES 7-15 Storvold Rd, Langdale

King Rd, Elphinstone

Lower Rd, Roberts Creek

Lockyer Rd, Roberts Creek

LOOKING FORWARD 16Recommendations and opportunities

APPENDIX 17

TABLE OF CONTENTS

The SMART FARM


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A quick scan of the 2011 Census of Agriculturepaints a bleak picture. The average age offarmers in Canada is 55, with more than 48%over the age of 55. Only 8% of our farmers areyounger than 35. The number of farmersdropped 10% from 2006 to 2011, as did thenumber of farms. The reasons are simple. Inmost of our provinces, land costs too muchand farming makes too little. This is a nationalcrisis that requires collaborative innovationbetween the public, private and community-driven sectors. The Smart Farm Project is anexploration of several such innovations.

In BC, the ALRand the Agricultural Land

Commission that oversees itwas establishedto protect farmland from the pressures ofdevelopment and urban sprawl. Rules andregulations need to be firm to withstand thispressure. But rural municipalities and regionaldistricts across BC have jurisdiction over thou-sands of hectares of potential farmland out-side the ALR. These properties are generallysmaller than average ALR lots, are typicallyserviced and cleared and in many caseshave some type of housing already in place.The Smart Farm Project explores whetherincreased density on such lots using low foot-print cluster designs could catalyze small farmsand provide affordable housing for theyounger generation of farmers we so desper-ately need.

The project went through several stages,beginning first with market research, movinginto an outreach phase for data and recruit-ment of volunteers for the case studies tocome. The consultant and management

team selected four case study properties thatreflected a diversity of geography, ownershipand potential farm yield. The team collabo-rated on a Smart Farm proposal for eachproperty, including farm plan, designs, legalrecommendations and a feasibility analysis.The case-study approach allowed the teamto explore this innovation across a spectrum of

potential proposals, from the unconvenco-operative driven model through to tmore conventional developer-driven m

The findings were daunting, surprising aexciting all at the same time. There is a cant amount of front-end workfrom thbusiness plan to legal considerations torezoningrequired to establish these prals. That said, on the Sunshine Coast whthis project is based, they garnered littleresistance at the government or regulalevel. There is a growing (almost desperdesire for more local farms and this desitranslated into an openness to alternati

solutions. Lastly, the number and diverspeople who are interested in exploring Smart Farm concepthere on the SunsCoast and elsewheremeans these proare not just viable; the proposals are acable. With continued support from fundand local government, Smart Farms hapotential to play a pivotal role in attracyoung farmers and catalyzing new farmacross BC and Canada.

The SMART FARMProject | pag

OVERVIEW

Sara Dent

The number of farmers dropped10 % from 2006 to 2011, as did thenumber of farms. The reasons aresimple. In most of our provinces,land costs too much and farmingmakes too little.


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ZONING RECOMMENDATIONSThese proposals now in place, legal consultant Melania Cannon andesign consultant Brian Silver, in collaboration with planners from the

Sunshine Coast Regional District, devised a Smart Farm zone that s

the needs of both local government and prospective Smart Farm pnents. Details on the Smart Farm zone can be found in the appendix


COORDINATIONOur methodology for coordination consisted of initial meetings with the consultant teamand landowners in order to map out the project work plan, supplemented by individualmeetings and conference calls. There were no notable or unexpected challenges in this

area, mostly due to the fact that we had a designated Project Manager and experi-enced consultants who were highly committed to the success of the project.

CHARTING THE COURSE

MARKET RESEARCHConsultant Rhoni Whyard undertook initial market research to ensure our outreach andsite planning was well informed by existing community farms and co-housing projects.

SITE PLANNINGWith an overwhelming response from landowners and potential farmers on the Sunshineduring the outreach component, the consultant and management team decided to sefour properties as case studies.

Our selection process was based on the need for diversity within the parameters of the The parameters were: the land had to be outside the ALR and it had to be between fivtwenty acres in size. On the diversity side, we wanted the case studies to represent a racurrent zoning, proximity to town and village centres, level of current development on land types of personalities leading the projects.

As the Art Farm currently leases a five-acre parcel of land that the organization is interedeveloping into a Smart Farm pilot, the project team needed to identify three more profor the project. The team met with other prospective or current property owners and coducted an initial informal interview to ensure they understood the nature of the project

the time commitment required of them as well as the benefits that the project offered tand the community at large. The team settled on two more properties with owners intein developing Smart Farm pilots of their own and a third property upon which we coulda developer-driven model. With four properties selected, the project team then focusedelivering a clear and concise proposal for each property. This proposal included a farma design plan for housing and legal recommendations around land, housing and farm ship.

his section will look at our project methodology with a view to providinguidance for those inspired to explore their own Smart Farm initiatives.

mart Farm Project activities included:

i

$

OORDINATION | MARKET RESEARCH | OUTREACH | SITE PLANNING |

ONING RECOMMENDATIONS | FEASIBILITY ANALYSIS

OUTREACHThe purpose of project outreach was to identify and engage individuals who have an interestin the development of small farm co-housing models either as owner/farmers, tenants, sellers orconsumers of farm produce, or through their roles as local planners or land use, food securityand/or affordable housing advocates.

Community outreach activities included participation at the Living the New Economy confer-ence in Vancouver, a presentation to the local chapter of the Planners Institute, communitypotluck and farm tour (Sole Farm) in Vancouver, a community potluck info session at one of theSmart Farm case study sites (Upper Roberts Creek), and a dialogue/discussion with HeatherPritchard of Farm Folk/ City Folk hosted by the Regional District as part of their Agricultural AreaPlan. Combined, these activities engaged more than 250 individuals.

Much was gained from partnering with organizations that are already engaged in congruentefforts related to food security, land management and affordable housing. Such an entity hasan established database of members and the capacity to mobilize an already interestedconstituency.

FEASIBILITY ANALYSISThe final step in the process was a feasibility analysis to ensure a realisticfiscal plan for each proposal could be achieved. This analysis, led byconsultant Scott Hughes, used a cash-flow templaterelying on con-struction estimates for the housing and expense/revenue projections forthe farmsto create a five-year financial road map for each casestudy.


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CASE STUDY 2King Rd, Elphinstone

CASE STUDY 1Storvold Rd, Langdale

CASE STUDY 4Lockyer Rd, Roberts Creek

CASE STUDY 3Lower Rd, Roberts Creek

A non-profit/social enterp

driven approach.

A developer-driven appro

A cooperative-driven

approach.

An entrepreneurial appro

THE SMART FARM PROJECT

CASE STUDIES

CONSIDERATIONS

UNDERSTAND THE MOTIVATIONS AND NEEDS OF

THE LANDOWNERSWhat are their financial needs, values and lifestyles? Also, are there

any constraints, unique circumstances or opportunities?

ASSESS LAND USE POTENTIAL AND LIMITATIONSWhat is the current zoning? What raw materials are available

including existing trees and plants, soil quality, water systems anddrainage, sun exposure, existing structures, property size and loca-

tion, proximity to centers, acreage? And what are the options forhousing (full ownership, shared ownership, rental)?

UNDERSTAND LOCAL CONDITIONS AND NEEDSAre there food security concerns and needs, housing needs, prox-imity with and concerns of immediate neighbors? Is there sufficient

political and community will and openness for change and alterna-tive lifestyle choices?

IDENTIFY SOCIAL CAPITALWho and where are the local individuals and groups with expertisein areas such as land use, financial feasibility, market research, legal

structure, architecture and design?

THE FOLLOWING FOUR CASE STUDIES ARE THE PRODUCTS OFTHIS PROCESS.

The case study approach provided both diversity and complexityto the process. In order to develop a balanced proposal for eachproperty, the project team had to focus its work around four keyconsiderations:

Please note that the case studies to follow are high-level descriptions of each

proposal. For in-depth analysis and details, please refer to the related case

study section of the Appendix.


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CURRENT SITE MAP


Building Setback

LineProperty Line Multi-use Space

WellResidence Septic Field

Barn

CURRENT OWNERSHIP STRUCTURE: Co-owned by Sandy Buck, ChadHershler and family investment company

HOUSING:1,000 square-foot two-bedroom bungalow, and a one-roomcabin in the woods

ZONING:RU2

CURRENT LAND USE:Office, workshop, studio and sleeping facilities for

non-profit society (the Art Farm) + spin farm

FARM/GARDEN:Hoophouse farmed by spin farmer, tomatoes andpeppers

VALUE OF LAND: $575K

FEASIBILITY: Farm/land ownership subsidized by investment company,non-profit operating revenue growing

Cabin


4.96 acres

The SMART FARMProject

Laurel Hedge Spiral

I feel strongly ourland should beshared. The morepeople that takecare of the land,the more the landwill give back.-Sandy Buck

AnArtFarmEve

ntSandyBuckandsonSkyontheArtFarm


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PROPOSED SITE MAP


OWNERSHIP STRUCTURE: Strata corporation with four owners, threehomeowners + non-profit society (the Art Farm)

HOUSING:Three 2,000 square-foot two and a half story energy efficienthomes in cluster-development, camping and detached bedroom areasfor volunteers/internsZONING:Smart Farm (See Appendix)

PROPOSED LAND USE: Art Farm-managed farm, office/workshop/studio/sleeping facilities for Art Farm programming, housing for three families

(including farmer)FARM/GARDEN: Blueberries, veggies, goats milk, goats cheese Revenue Year 1 $42K, Year 3 $49K

COST OF DEVELOPMENT: $575K land + $780K construction + $57K farm cost

FEASIBILITY:Non-profit-driven with combination of bridge-financing, farmloans, grants and donations

PLOT 7

PLOT 1 PLOT 2 PLOT 3 PLOT 4

PLOT 5 PLOT 6 BEES

HOOPHOUSE

HOOPHOUSE

PLOT 7

BEES

BEES

Multi-use Space for

Art Farm Programs

Well

PLOT 1

PLOT 2

PLOT 3

PlLOT 4

PLOT 5

PLOT 6

Cheese-making

Building

Volunteer Cabin Septic Field Second Well Septic Field3 Residences

Barn for Housing Goats

HOOPHOUSES FRUIT TREES NUT TREES


4.96 acres



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The SMART FARMProject | page

CURRENT OWNERSHIP STRUCTURE:Owned by Scott Avery

HOUSING:One workshop and three auxiliary buildings

ZONING: RU2

CURRENT LAND USE:Experimental building structures,permaculture exploration lead by tenant Dana Wilson

FARM/GARDEN:Small garden plot, small greenhouse

VALUE OF LAND:$500K

FEASIBILITY: Limited greenhouse agriculture,land supported primarily by external income sources

Ecology andHappiness shouldalways trumpEconomics.-Scott Avery

With the increasing divide between rich and

poor, the growing demand for affordable housinand developing need to localize food systems,creating sustainable, holistic and regenerativecommunities is the highest priority.-Dana Wilson

CURRENT SITE MAP

POND

Workshop

Property LineBuilding Setback

Line

15m Cree

30m C

Driveway

ScottAvery

DanaWilson

CASE STUDY 3Lower Rd, Roberts Creek5.07 acres


Jonathan H. Lee

KING ROAD

Auxiliary Buildings


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N


CarportPLOT 3

HOOPHOUSES

BEES FRUIT TREESNUT TREES

PLOT 1& 2 PLOT 4

PLOT 5 PLOT 6

PLOT 4PLOT 1 & 2 PLOT 3

OWNERSHIP STRUCTURE:Co-owned by Beth Hawthorn and Robert Studer,with the potential to build and sell part of a strata duplex

HOUSING: Two 1,600 square-foot strata homes and existing single family homeZONING: Smart Farm (See Appendix)

PROPOSED LAND USE:Multi-business shared space, retreat centre, kale chipmanufacturing

FARM/GARDEN:Kale, mixed berries, veggies, eggs Revenue Year 1 $64K, Year 3 $92K

COST OF DEVELOPMENT:$526K construction + $103K farm and production investment

FEASIBILITY:Construction and sale of two residential homes provides equity to invest infarming and kale chip production on the site

PROPOSED SITE MAPThe SMART FARMProjectThe SMART FARMProject

CASE STUDY 4Lockyer Rd, Roberts Creek4.67 acres


FLUMECR

EEK

Roof-water

Storage Tower

Well

HOOPHOUSE

HOOPHOUSE

POND

PLOT 1

PLOT 2

PLOT 3

PLOT 4

PLOT 5

Residence

Roof Water

Storage Tower

Expanded Septic

Field

Proposed Driveway

Extention

Residential

Duplex

Roof / Ground-water

Storage Tank

Second Well

Packing &

Storage AreaMulti-use

Space

LOCKYER

ROADPLOT 6


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What did the Smart Farm Project teach us?There is a growing interest in the Smart Farm concept from individuals with diverse backgrounds andmotivations. Local government, represented in this project by the Sunshine Coast Regional Districtand Vancouver Coastal Health, is receptive to the idea of small farm co-housing and willing to workwith proponents. All four Smart Farm case studies are feasible from both a planning andeconomic/self-sufficiency perspective. While the co-housing component presents the most chal-lenges and complications, it is a necessity in all cases to catalyze (and capitalize) the farm opera-tions.

Recommendations and OpportunitiesWe would like to offer the following guidance for those seeking to establish or support Smart Farms:

1. ESTABLISH A SMART FARM COLLECTIVEthat will allow you to leverage common resources, reduce duplicationof efforts and provide peer support.

2. COLLABORATE WITH OTHER STAKEHOLDER ORGANIZATIONSin your area whose missions are congruent with the Smart Farm concept.

3. CONDUCT OUTREACH AND RESEARCHupfront to determine whether there is a market and appetite for

locally grown food and a need for alternative housing or lifestyle options.

4. WORK WITH PROFESSIONALSto develop initial farm/design plans and to set up the legal structure

for the project. It is time and money well spent.

5. ENGAGE LOCAL GOVERNMENTto develop local zoning that can integrate the Smart Farmconcept effectively into Official Community Plns and Agricultural Area Plans.

LESSONS LEARNED, LOOKING FORWARD

Thissm

artfarm

proposa

lprovide

sman

examplesof

howwe

canmak

eiteasie

forpeop

letocollabo

ratewit

hlike-

mindedin

dividuals

andworktoge

ther

livetheir

dreamo

fafulfi

llingrura

lifestyle

. -Brian

Silver


The Role of Funders

The Smart Farm Project would not have been possible without the financial support provided bythe Real Estate Foundation of BC, Investment Agriculture Foundation and our other sponsors andfunders.

Moving forward with the Smart Far m Project, there are continued opportunities to engage funderswho are interested in supporting innovation in land use and local food production. It would be ofvalue to consider what these opportunities are beyond the obvious investment in the coordinationof a Smart Farm pilot and continued documentation of the development process.

In a larger and broader sense, we also see potential for the funder community to play a role inestablishing a regional Smart Farm strategy or movement, supporting activities such as advocacy,outreach, capacity building, and education.

Beth Hawthorn


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For complete Appendix or to access digital support materialplease visit: www.deercrossingtheartfarm.org/smartfarm

You are free to share.Please send a link to your local government and start thedialogue for an initiative like this in your region.

For more information contact:Chad [email protected]

November 2013

Sara Dent


WANT MORE DETAILS?

Check out our Appendix for:

Consultant bios Market Research Legal Overview Feasibility Analysis

Additional Farm Notes

Additional Design Notes

And in-depth analyses from our consultantson all four Smart Farm case studies


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TheSmart FarmProject Appendix Page 1/124

TheSmart FarmProject

APPENDIX


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TheSmart FarmProject:BIIMQJR

LEGAL OVERVIEW


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FEASIBILITY ANALYSIS$H D$:XX W_]WMD


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CAPITAL FUNDING OPTIONS

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CASE STUDY # 1STORVOLD RD, LANGDALE


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Farm Plan

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IWBDM " k 0RSMJ gM]MXB,8MD BQJ ,M44RMD

I8:XD " e /F 0RSMJ gM]MXB,8MD YM#]# DB8BJ ]4MMQDZ

Area (acres) 0.13 Plots 1 and 2 on legend

Yield (lbs/acre) 12,000

Assumes several planting rotations per

season

Revenues

%

market

Yield

(lbs) Price ($/lbs) Revenue

Wholesale 50% 780 $2.50 $1,950Prices will need to be updated closerto harvest time

Direct Market 50% 780 $5.00 $3,900Prices will need to be updated closerto harvest time

Total Gross Revenue $5,850

Direct Expenses unit/acre unit/site Price ($/unit) Expense

PlantingSite Preparation (hrs) 16 8 $15.00 $120

Seeds 5 35 $10.00 $350

Compost (yd3) 20 2.6 $55.00 $143

Planting labour (hrs) 100 10.0 $15.00 $150

Maintenance

Fuel (Tilling in L) 95 12.35 $1.40 $17

Repairs & Maintenance 0 2 $60.00 $120

Bird/animal control 20 2.6 $52.00 $135 Row covers and basic netting

Weeding/watering

labour (hrs) 1000 100 $15 $1,500

HarvestingTrucking (per load) 1 12 $60.00 $720

Harvesting, bagging,

washing (hrs) 600 50 $12.00 $600

Total expenses $3,855

Net Revenue $1,995

TheSmart FarmProject:BIIMQJRS

CASE STUDY # 1


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Area (acres) 0.14 Plot 6 on legend

Yield (lbs/acre) 5,500

Revenues

%

market

Yield

(lbs)

Price

($/lbs) Revenue

Wholesale 50% 385 $2.50 $963

Prices will need to be updated

closer to harvest time

Direct Market 50% 385 $5.00 $1,925

Prices will need to be updated

closer to harvest time


Direct Expenses unit/acre unit/site

Price

($/unit) Expense

Planting

Site Preparation (hrs) 120 10 $15.00 $150

Compost (yd3) 20 2.8 $55.00 $154

Maintenance

Fuel (Tilling in L) 95 13.3 $1.40 $19

Repairs & Maintenance 10 2 $60.00 $120

Bird/animal control 20 2.8 $56.00 $157 Netting

Weeding/watering labour (hrs) 30 6 $15 $90

Harvesting

Trucking (per load) 100 12 $60.00 $720

Picking (lbs)) 5500 770 $0.80 $616

Pruning/bundling/repairs 120 10 $15.00 $150

Packaging (trays) 550 77 $1.25 $96


Net Revenue $616

Yields likely will increase asplants mature, therefore revenue

expected to increase over time


CASE STUDY # 1


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Feed and Care

Hay (lbs) 100 20 1525 $0.11 $3,355

Grain (lbs) 100 20 915 $0.15 $2,745

Supplements (lbs) 104 21 10 $0.60 $126

Vet and Medicine 104 21 $14 $294

Buck purchase 2 2 $500 $1,000

Dairy supplies and breeding 100 20 $60 $1,200Labour (milking, kidding, feeding)

hrs/year 100 20 24 $15.00 $7,200

Labour estimates @ 24

hours/goat/year

Building maintenance $500

Shipping and transportation $800

Utilities $600 Water and electricity


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Designs

X63 E3'-9& 5%&53N* U%1 *63 D*%1;%)E 4%+E N1%b35* -' *% N1%;-E3 . 'H+)) 13'-E3&53' U%1 *63 5%T%


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CASE STUDY # 1


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87/141


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Smart Farm Operations Model Annual Prod Increase 10% 10% 5% 3%

Storvold Road Farm Programming/Rental Increase 2% 3% 2% 1%Annual Price Inflation 2% 2% 2% 2%

Annual Cost Inflation 3% 2% 4% 1%

Opening Year 1 Year 2 Year 3 Year 4 Year 5

Sources of Cash

Revenues

Direct to Consumer

Annual Crops 21,595 24,230 27,186 29,116 30,589

Animal Products 0 0 52,353 58,740 65,906

Education/Outreach/Events 470,000 488,988 513,731 534,486 550,627

Facility Space Rental 20,000 20,808 21,861 22,744 23,431

Wholesale

Annual Crops 5,729 6,428 7,212 7,724 8,115

Animal Products 12,348 13,225 13,894Education/Outreach/Events 0 0 0 0 0

Total Revenues 0 517,324 540,454 634,690 666,034 692,562

Direct Production Expenses

Agricultural Crops 4,791 4,935 5,033 5,235 5,287

Animal products 11,444 11,787 12,023 12,504 12,629

Education/Outreach/Events expenses 234,500 241,535 246,366 256,220 258,783

Facility Space expenses 0 0 0 0 0

Total Direct Expenses 0 250,735 258,257 263,422 273,959 276,699

Gross Contribution from Operations 0 266,589 282,196 371,268 392,075 415,864

Farm ExpensesTotal Production Wages 256,274 263,963 269,242 280,011 282,812

Management Wages 40,000 20,000 20,600 21,012 21,852 22,071

General & Administrative 10,000 6,000 6,180 6,304 6,556 6,621

Farm Supplies 5,000 5,150 5,253 5,463 5,518

Marketing 10,000 20,000 20,600 21,012 21,852 22,071

Vehicle Expenses 5,000 5,150 5,253 5,463 5,518

Repair & Maintenance 2,000 2,060 2,101 2,185 2,207

Insurance 5,000 5,150 5,253 5,463 5,518

Utilities 2,600 2,678 2,732 2,841 2,869

Strata Fees on Common Property 1,200 1,236 1,261 1,311 1,324

Total Farm Expenses 60,000 323,074 332,767 339,422 352,999 356,529

Net Contribution from Operations -60,000 -56,485 -50,570 31,846 39,077 59,335


CASE STUDY # 1


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90/141



CASE STUDY # 2KING RD, ELPHINSTONE


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FARM PLAN

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1 2,800 0.70 Blueberries N/A Electric

2 2,800 0.70 Blueberries N/A Electric

3 1,400 0.35 Big leaf maple stand N/A N/A

4 5,000 1.23 Edible forest products:mushrooms, wild berries.

N/A N/A

Red circles N/A N/A Fruit and nut trees N/A Electric

Hoophouse 128 x 2 0.03 x 2 Extension of growing

season for starters,

tomatoes, cucumbers

N/A None

Bees N/A N/A N/A N/A Electric


CASE STUDY # 2


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94/141


Designs

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95/141


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96/141


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Smart Farm Operations Model Annual Prod Increase 10% 10% 5% -30%

King Road Farm Annual Price Inflation 2% 2% 2% 2%



Sources of Cash

RevenuesDirect to Consumer

Annual Crops 47,628 53,439 57,233 40,864

Animal Products 0 0 0 0

Tree Fruit Production 0 0 0 0

Other 0 0 0 0

Wholesale

Annual Crops 19,757 22,167 23,741 16,951


Tree Fruit Production 0 0 0 0

Other 0 0 0 0

Total Revenues 0 0 67,385 75,606 80,974 57,815


Agricultural Crops 4,871 4,968 5,167 5,219


Treefruit production 0 0 0 0

Other Products 0 0 0 0

Total Direct Expenses 0 0 4,871 4,968 5,167 5,219

Gross Contribution from Operations 0 0 62,514 70,638 75,807 52,597

Farm Expenses

Total Production Wages 11,189 11,413 11,869 11,988

Management Wages 30,000 30,900 31,518 32,779 33,107

General & Administrative 0 0 0 0

Farm Supplies 1,500 1,545 1,576 1,639 1,655

Staff Training 2,000 2,040 2,122 2,143

Vehicle Expenses 0 0 0 0

Insurance 1,200 1,236 1,261 1,311 1,324

Utilities 0 0 0 0

Other Expenses 0 0 0 0

Total Farm Expenses 0 32,700 46,870 47,807 49,720 50,217

Net Contribution from Operations 0 -32,700 15,644 22,830 26,087 2,380


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King Road Farm Annual Price Inflation 2% 2% 2% 2%



Net Contribution from Operations 0 -32,700 15,644 22,830 26,087 2,380

Capital Contributions

Farm Loans 40,000Farm Grant 20,000

Home Sale #1 402,500






Developer Equity 350,000 335,000

Home Construction financing (incl int) 1,600,000 -1,600,000

Total Capital Contributions 410,000 1,935,000 815,000 0 0 0

Total sources of cash 410,000 1,902,300 830,644 22,830 26,087 2,380

Uses of cashCapital Costs

Site Development and Construction

Farm Purchase 350,000

Site Development costs 150,000

Home #1 Construction Costs 288,000






Farm Operations Costs

Facilities Construction 0

Farming Equipment Purchase 5,000

Plant Supplies 20,000

Livestock Purchase 0

Total Capital Cost 375,000 1,878,000 0 0 0 0

Financing costs

LoanPayments 0 5,091 5,091 5,091 5,091 5,091

loan interest rate 5.00%

Construction Financing Costs (int. o 7.00% 56,000 0 0 0 0

Developer Equity Returns 814,240

Total Financing costs 0 61,091 819,331 5,091 5,091 5,091

Total Uses of Cash 375,000 1,939,091 819,331 5,091 5,091 5,091

Increase (decrease) in net project cash flo 35,000 -36,791 11,313 17,739 20,996 -2,712

Opening cash position 0 35,000 -1,791 9,522 27,260 48,256

Closing cash position 35,000 -1,791 9,522 27,260 48,256 45,545


99/141


100/141


Farm Plan

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101/141


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102/141


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CASE STUDY # 3


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&PP ,-'MO)"0'*

Chicken eggs Notes

Number of chickens 25

Egg production

(eggs/chicken/week) 4Egg production (dozens/week) 8

Eggs yield (dozens/year) 433.3

Revenues

%

market

Yield

(doz)

Price

($/doz) Revenue

Direct Market 100% 433.3 $5.00 $2,167


Direct Expenses units

Price

($/unit) Expense

Feed and Care

Chicken feed 15 15 $50.00 $750

Can be reduced if freerange and most dietary

needs received fromforaging

Veterinary/health 3 3 $100 $300

Collecting and packaging (hrs) 52 52 $12.00 $624


Net Revenue $493

-&+'O-)&+

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TheSmart FarmProject:BIIMQ

CASE STUDY # 3


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Legal Assessment

X6-' N1%N31*A -' %


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Lower Road (Scott & Dana) Annual Price Inflation 2% 2% 2% 2%

Annual Cost Inflation 3% 2% 4% 3%Opening Year 1 Year 2 Year 3 Year 4 Year 5

Sources of Cash

Revenues

On-Farm Consumption

Annual Crops 12,400 13,280 13,546 14,093 14,088

Animal Products 550 589 601 625 625

Tree Fruit Production 0 0

Annual Home Fees 8,000 8,160 8,490 8,486

Excess Production Sold Off-Farm

Annual Crops 23,000 24,633 25,126 26,141 26,130

Animal Products 1,667 1,785 1,821 1,895 1,894Tree Fruit Production 0 0

Home Fees 0 0 0 0

Value of On-site Contributed Labour 15,858 16,334 16,660 17,327 17,847

Total Revenues 0 53,475 64,622 65,914 68,570 69,070


Annual Crops 6,072 6,254 6,379 6,634 6,833

Animal Products 1,050 1,082 1,103 1,147 1,182

Tree Fruit Production 500 515

Homes - Utilities 7,250 7,395 7,691 7,922

Total Direct Expenses 0 7,122 14,586 14,877 15,972 16,452

Gross Contribution from Operations 0 46,353 50,036 51,037 52,598 52,618

Farm Expenses

Total Production Wages 17,963 18,502 18,872 19,627 20,216

Management Wages 0 0 0 0

General & Administrative 0 0 0 0

Farm Supplies 800 824 840 874 900

Marketing 0 0 0 0

Vehicle Expenses 1,500 1,545 1,576 1,639 1,688

Insurance 1,200 1,800 1,836 1,909 1,967

Utilities 1,400 1,500 1,530 1,591 1,639

Total Farm Expenses 0 22,863 24,171 24,654 25,640 26,410

Net Contribution from Operations 0 23,490 25,865 26,382 26,957 26,208


CASE STUDY # 3


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Lower Road (Scott & Dana) Annual Price Inflation 2% 2% 2% 2%



Net Contribution from Operations 0 23,490 25,865 26,382 26,957 26,208

Capital ContributionsCreative Equity Contributions 15,500

Farm Equity 325,000

Farm Grants

Home Owner Contributions #1 25,000



Farm Mortgage 175,000

Home Construction Financing

Total Capital Contributions 515,500 98,000 0 0 0 0

Total sources of cash 515,500 121,490 25,865 26,382 26,957 26,208

Uses of cash

Capital Costs

House and Building Costs

Farm Value 500,000




Farm Buildings Costs


Facilities Construction 12,450 10,000

Farming Equipment Purchase 2,600

Plant Supplies 0 330

Livestock Purchase 200

Total Capital Cost 515,250 95,330 0 0 0 0

Financing costs

Mortgage Payments 0 26,196 26,196 26,196 26,196 26,196

mortgage interest rate 5.00%

Construction Financing Costs (int. o 7.00% 0

Farm Equity Returns

Total Financing costs 0 26,196 26,196 26,196 26,196 26,196

Total Uses of Cash 515,250 121,526 26,196 26,196 26,196 26,196

Increase (decrease) in cash flow 250 -36 -331 186 761 12

Opening cash position 0 250 214 -118 68 829

Closing cash position 250 214 -118 68 829 840


CASE STUDY # 3


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Farm Plan

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2 800 0.20 Kale N/A Electric

3 620 0.15 Strawberries Chickens (for meat) or goats

(meat and cheese)

Electric

4 N/A N/A N/A Chickens (layers), mobilegrazing.

Electric

5 200 0.05 Garlic N/A Electric6 1,000 0.25 N/A Goats, pigs, or sheep (small-

scale, long term)Electric

Hoophouse

1

128 0.03 Extension of kale season and

tomatoes

N/A None

Hoophouse

2

128 0.03 Extension of kale season and

tomatoes

N/A None

Bees N/A N/A ElectricOther Red

circles

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CASE STUDY # 4


120/141


Designs

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123/141


Smart Farm Operations Model Annual Prod Increase 20% 15% 5% 3%

This is it - Lockyer Road Annual Price Inflation 2% 2% 2% 2%



Net Contribution from Operations 0 -22,075 -10,308 1,483 4,394 8,438

Capital Contributions

Farm Loans 145,000 -145,000

Farm Operation Equity

Farm Grants

Home Purchase #1 400,000

Home Purchase #2 400,000

Home Purchase #3

Farm Mortgage

Home Construction Financing 566,000 -566,000

Total Capital Contributions 145,000 566,000 89,000 0 0 0

Total sources of cash 145,000 543,925 78,692 1,483 4,394 8,438

Uses of cash

Capital Costs

House and Building Costs

Farm Purchase 0



Purchase & install Water Tanks 0 4,000

Water Tank platform 10,000


Facilities Construction 14,600

Farming Equipment Purchase 63,600Plant Supplies 500

Livestock Purchase 250 100 100 100 100 100

Vehicle Purchase 24,000

Total Capital Cost 102,950 566,100 100 100 100 100

Financing costs

LoanPayments 0 18,455 3,691 0 0 0

loan interest rate 5.00%

Mortgage Payments 0 0 0 0 0 0

mortgage interest rate 5.00%Construction Financing Costs (int. o 7.00% 19,810 7,924

Farm Equity Returns 75,000

Total Financing costs 0 18,455 78,691 0 0 0

Total Uses of Cash 102,950 584,555 78,791 100 100 100

Increase (decrease) in net project cash flo 42,050 -40,630 -100 1,383 4,294 8,338

Opening cash position 0 42,050 1,420 1,320 2,703 6,997

Closing cash position 42,050 1,420 1,320 2,703 6,997 15,335


CASE STUDY # 4


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ADDITIONAL

DESIGN NOTESBy BRIAN SILVER


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SMART FARM HOME BUILDING SYSTEMS COMPARISON

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131/141



ADDITIONALFARM NOTESBy IONE SMITH


132/141


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the smart farm project (including appendix)

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