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The development rights on the land are owned by Vermont Land Trust, which places restrictions on the farm’s usage and subdivision. In the 1980s, Raap founded Gardener’s Supply, an employee-owned gardening retail business, and the Intervale Center, a nonprofit built to advance community food systems. “He has great credibility, determination and a large network of allies, of which I am certainly glad to be one,” said Canning, owner of Hotel Vermont.
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Jay Canning, who co-owns the farm with Andrew Peterson, said in an email he expects Raap to “get this transaction across the finish line.” Raap’s team expects the deal could be finalized next week. He said the rest would come from about a half-dozen investors. He estimates it will cost about $4.4 million and expects to get most of that money through a Vermont State Employees Credit Union loan. Raap said he is forming an LLC to purchase the land, buildings and farm equipment. But now we think we need multiple other businesses.” “Dairy was able to do that when dairy’s heyday was good. “We think we need multiple businesses to be able to maintain the economics of a place this size,” Raap said.
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The new design - which Raap calls Nordic 3.0 - would include an array of commercial and nonprofit enterprises, including an outpost for Shoreham-based WhistlePig whiskey and a “botanical commons” selling food, skin care and CBD products.Īlso at the site: a grain co-op of seven growers, an energy innovation center with two solar arrays, a regenerative agriculture advocacy center, and a museum focused on grain-growing and Cyrus Pringle, a 19th-century botanist at UVM.