Introducing ReHarvest Partners: Quantified Ventures’ first subsidiary company
By Eric Letsinger, CEO
Those of you who know me are aware that I seldom miss an opportunity to trumpet the great work of the Quantified Ventures team. So you might be surprised that I have let a significant piece of company news fly somewhat under the radar...until now.
I am thrilled to announce that last month we created Quantified Ventures’ first subsidiary company, ReHarvest Partners, to lead the transition to a more regenerative system of agricultural production by creatively deploying capital and structuring unique partnerships.
Mark Lambert is now the CEO of ReHarvest Partners and he will continue to lead Quantified Ventures’ Agriculture practice in 2021.
Our Soil and Water Outcomes Fund - an innovative financial vehicle developed and managed by ReHarvest Partners and AgOutcomes, a subsidiary of the Iowa Soybean Association - has gained significant traction towards scale during this past year. The Soil and Water Outcomes Fund provides financial incentives to farmers who transition to on-farm conservation practices - like cover crops, no till, and nutrient management - that yield positive environmental outcomes. The resulting environmental outcomes are sold to public and private beneficiaries.
This includes Cargill, our largest carbon credit customer, and several government agencies who have made water quality credit commitments, such as the U.S. Department of Agriculture’s Natural Resources Conservation Service Regional Conservation Partnership Program, the Iowa Department of Agriculture and Land Stewardship; the City of Ames, Iowa; the City of Cedar Rapids, Iowa; and the County of Dubuque, Iowa. The significant support from these public and private sources will enable the Soil and Outcomes Fund scale to more than 100,000 acres across at least three states - Illinois, Iowa, and Ohio - in 2021, with additional states under development.
Beyond the Soil and Water Outcomes Fund, ReHarvest Partners, and Quantified Ventures’ Agriculture Practice are exploring opportunities in ecosystem services markets, regional food systems, water quality and quantity, and natural infrastructure. Contact Mark to learn more.
The creation of a subsidiary company is a significant milestone in the evolution of our outcomes-based financing work. We are increasingly identifying opportunities to develop and manage our own projects - often, with the support of like-minded partners - that drive transformational change in the environmental, health, and social sectors.
While 2020 reminded us all to remain determined, resilient, and flexible in the face of reality, I am hugely bullish on Quantified Ventures in 2021.
Expect to hear about more forward progress regarding our projects in development and the same great collaboration, ideation, and execution that is a hallmark of our consulting services. As always we welcome your input, ideas, and support during this journey!