Pacific Ag, a Hermiston, Ore.-based provider of large-scale agricultural feedstock supply chain solutions, received a $7m investment.
Advantage Capital Agribusiness Partners made the investment.
The company intends to use the funds to continue to grow operations.
Founded in 1998 and led by CEO Bill Levy, Pacific Ag harvests and markets hay crops, grass, wheat, corn and other crop residues for hundreds of U.S. growers, which are sold into various end markets, both domestic and export. The company builds and operates sustainable supply chains to meet the demand for two growing global markets: the creation of bioenergy, cellulosic biofuels, bio-based chemicals and other bio-based products and the supply of forage crops for animal protein markets.
ACAP is a $154.5-million fund that is licensed by the U.S. Department of Agriculture (USDA) as a Rural Business Investment Company (RBIC). The fund is a partnership between Advantage Capital Partners and nine Farm Credit organizations, established to bring together resources and people focused on providing more private capital, small business investment and quality jobs to rural America.