Share
100% funded by 582 investors
Goji orchard
Pegões, Montijo, PT
instalment
monthly
term
5 years
yearly interest
5%
risk rating
B-
Goji berry orchard in organic production mode.
Description
Tasty Fields was created in 2018 by Ana and Dário, who wanted to grow an organic goji berry orchard, in Montijo, in the centre of Portugal.
The current pandemic has reinforced the demand for fresher foods, which are beneficial to health, with strong vitamin and antioxidant properties, and a cultivation method that respects the environment and does not aggravate climate change. Goji berries fit into this trend.
In the last year, the founding partners dedicated themselves to studying the culture and its production techniques, as well as learning about other productions and planning the growth of the company.
After preparing the land for cultivation (clearing, cleaning, root removal), the next step is the acquisition and installation of the irrigation infrastructure and the photovoltaic system required for its autonomous operation.
The company plans to start producing and marketing goji berries as early as 2022 (albeit with little expression), expecting a gradual increase every year and reaching installed production capacity in 2025 (60 tons per year).
The Impact
Direct:
- Contribution to the decarbonization of the economy, through the generation of clean energy: The cultivation area is located in a forest area, so the entire operation will be isolated from the national electricity grid, that is, all electricity will be produced using solar energy. The dehydration of the berries will be done using a Black Block dehydrator, also powered by solar panels. The installed panels will produce an average of 9.1 MWh of clean energy per year, avoiding the emission of an average of 1.4 tons of CO2 per year.
- Reduction of the ecological footprint of transport: the consumption of goji berries have grown in the European Union in recent years, especially in countries with greater purchasing power (such as Germany, Switzerland and the Netherlands). As a consequence of the increase in demand, there has been an increase in the importation of this crop from China and the USA (large producers), which contributes to increasing the carbon footprint due to transport. The increase in local production and distribution will reduce this footprint.
- Creation of two jobs.
- Reduced water consumption due to the low water requirement of goji berries (culture adapted to adverse weather conditions), combined with an efficient drip irrigation system powered entirely by solar energy. Efficient management of waste (mostly from pruning) that will be placed between the lines, to transform into organic matter.
- Certified organic production method: with the PT-BIO-03 certificate, Tasty Fields is a certified goji berry producer, which implies complying with the requirements of Regulation (EC) 834/2007 and Regulation (EC) 889/2008, concerning the organic production method. The company hopes to produce around 60 tonnes of goji berries a year, on a 4.5 ha plot of land.
- Sustainable forest management: the promoter will be an active agent in the prevention of fires, as the crop will be implemented in a forest area.
Indirect:
- Promotion of a sustainable food production system with resilient agricultural practices that increase productivity and maintain ecosystems, strengthening the capacity to adapt to climate change.
- Promotion of the local economy through synergies with local and regional producers,as well as other agents of the local economy, contributing to the fixation of the local population.
Impact Indicators
1,4 t
CO2 avoided per year
4,5
Hectares for biodiversity
2
jobs created
9,1
MWh clean energy
Contribution to the Sustainable
Development Goals
Sustainable Development Goals
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Financial viability
The project to install the orchard corresponds to a global investment of 390.000€. The funds raised through GoParity will co-finance approximately 13% of this amount, with the remainder being co-financed by a European Fund (PDR2020) and the remainder (approximately 40.000€) by the promoter’s own capital.
In addition, Tasty Fields has a guaranteed flow contract for all production. Therefore, expected sales will be used to repay the loan, with the possibility of early total or partial settlement in 2022/2023.
Download Key Investment Information Sheet
Guarantees
Pledge of the equipment and personal guarantee of the shareholders.
The Promoter
About Tasty Fields, Lda
The story of Tasty Fields began in 2016 when Ana and Dário start looking for land for agriculture. In the next two years, they bought the land and decided to cultivate goji berries in organic production mode. Since then, they also established a contract with a producer that also became their client and committed to buying the whole produce.
Ana Margarida da Cruz Pedro, 40 years old.
Ana has a degree in Economics and an MBA in Accounting, both at the Faculty of Economics of the University of Algarve. She is currently Accounting Manager at Avis Budget Group and Chief Financial Officer (CFO) at Tasty Fields, after her experience as Audit Manager at the Grant Thornton & Associates Society and SROC. She has experience in various sectors, namely, Venture Capital Funds, Forwarding, Rent-a-Car, Retail, Metallurgy, among others. She is currently also attending the course of Statutory Auditor, at OROC (Order of Statutory Auditors) in Lisbon.
Dário Alexandre Letras, 40 years old.
Dário graduated in Public Relations and Advertising at Instituto de Novas Profissões/ISEG and has a Post-Graduate degree in Management, with Specialization in Marketing, at INDEG/ISCTE Business School.
He is the CEO of Tasty Fields and is also a freelancer in Digital Marketing. He has experience in the Banking, Telecommunications, Insurance and Digital Marketing Agencies sectors. He also has international experience of 4 years in Switzerland, where he worked in the commercial and information technology areas.
In addition to having a strong entrepreneurial spirit, they both have certified agricultural training as Young Farmer.
In 2018, Ana and Dário set up the company Tasty Fields, with the goal of submitting a Young Farmer application under the PDR 2020, which unfortunately they were unable to obtain due to a delay in the deed of the land.
During this last year, they turned this setback into an opportunity to learn about goji berries and plan the company growth.
Business Model
Tasty Fields is dedicated to producing and marketing quality agricultural products with health benefits.
The promoter decided to start its production with the cultivation of goji berries due to the following characteristics:
- Significant consumption worldwide
- Growth margin (Demand > Offer)
- High nutritional value
- Applicability to the cosmetic/pharmaceutical industry
- High productivity
- Low carbon footprint
- Low water needs
- Access to land (gains of scale)
- Adequate edaphoclimatic conditions
- Price stability
The promoter intends to reach an average annual production of 60 tons of Goji berries per year, within 2 years and an annual turnover of 350.000€. To achieve these numbers, the company has signed a contract for full production flow with a client.
In the future, the promoter will also provide online sales.
Active since
2018
Fiscal country
PT
Operating In
Portugal
Industry
Agriculture
Number of Goparity Loans
1
Women Shareholders
Yes
Updates
2021-09-06
First payment
First instalment was paid to all the investors
2021-08-05
100% funded
528 investors successfully raised 50.000€
2021-07-23
Open for investment
This campaign will help avoid the emission of 1 tons of CO2 per year
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