Stacy Family Farm

Location:
Marietta, OH

Total Project Cost:
$1,000,000

Our Investment:
$200,000

About the farm:

In 1899 Albert and Lina Frost Stacy purchased a 24 acre dairy farm and orchard outside Marietta, Ohio for $2,400. Five generations later, that same 24 acre tract (now known as the Stacy Family Farm, LLC) is home to the most delicious strawberries and white sweet corn in the region. [Click here to read about the rich history of Stacy Farm.]

Truck crops, such as corn, tomatoes, cantaloupe, peppers, and squash, were the main source of income for the farm for decades. Then, in the 1990s, Bill Stacy (known as Farmer Stacy) and his wife Janet learned to grow strawberries using a method that was not common in Ohio – plasticulture. After visiting farms and talking with experts in Virginia and North Carolina, Bill and Janet, along with their children Amanda, Todd and Tyler, made their first strawberry sales in 1995 from a single acre of plants.  In 2000, the Stacy Family Farm received a Century Farm Award from the State of Ohio, and the farm  was selected as a showcase farm at the Strawberry Expo in 2007.

Role of NCIF:

NCIF partnered with Farm Credit Services to help the Stacy family purchase a 95 acre former tree nursery and convert it to irrigated production of specialty crops, primarily vegetables and fruits.  NCIF provided subordinated debt so that Farm Credit could obtain the security it needed to make its loan.

Impact:

Stacy Family Farm is a major provider of fresh local food for the Marietta region, and this acquisition will allow the family to diversify its production even further.  The farm engages in agri-tourism through strawberry and pumpkin tours.  The newly purchased farm was placed under a permanent agricultural use easement upon its transfer to the Stacy family, protecting it from future non-farm development.  Two acres of the farm will continue to be used as a nursery for endangered plant species.

Company website:

www.stacyfarm.com