Tyddyn Teg is a regenerative community farm operated by a workers' co-op that is seeking to become owned by the community it serves!
by Tyddyn Teg Co-operative in Caernarfon, Gwynedd, United Kingdom
We have borrowed £380,000 to get to where we are today and we would like to swap this debt owed to our lenders to equity provided by our supporters, securing Tyddyn Teg as a community asset far into the future. Ideally we would also like to raise a little bit more besides to cover the cost of running the share offer and to make sure we can deliver on all of our development targets. We could find productive ways to spend an additional £20,000 - £70,000 if we had it!
We are in quite a luxurious position because we do not have to pay off our loans in full until 2028, so work can and will go ahead if we don’t reach our total, and we will find another way to meet our financial obligations either through another share offer, another loan or through mortgaging the property.
This is why our minimum raise for this offer is relatively low at £80,000, our optimum raise is £400,000 (an amount that will allow us to pay off all out-standing debts as well as covering the cost of the share offer) and our maximum is £450,000, as this is the amount we feel sure we have an immediate use for and can sustain the interest payments on.
Have you ever dreamed of buying a farm? Become a co-owner of Tyddyn Teg, our agroecological community farm for as little as £100!
Ydych chi erioed wedi breuddwydio am brynu fferm? Gallwch bod yn gyd-berchennog Tyddyn Teg, ein fferm gymunedol agroecolegol, am gyn lleied a £100! Cliciwch yma i ddarllen ein dogfen Cynnig Cyfranddaliadau yn Gymraeg.
Tyddyn Teg means 'fair farm' in Welsh and this simple phrase lies at the heart of who we are: we want to farm in a way that is fair for nature, our workers and the community we serve.
Our vision is of a world where people and nature flourish because everyone has a relationship with their food, the land and the people that produce it.
Since 2015, our team has been building its skills to grow high quality vegetables consistently and reliably in a way that doesn't destroy land or water, and to function as an authentic power-sharing co-operative.
We now serve about 180 local families who are subscribers to our year-round vegetable scheme, as well as running an onsite farm shop that is a sales hub for other local regenerative producers and supplying local shops in Bangor and Caernarfon.
Through this share offer, we invite you to join us on our mission to help build a vibrant and resilient local food and land culture in North Wales, working towards the abundant future we know is possible.
At Tyddyn Teg, we think a lot about the future and we try to learn from nature. We want to have a legacy and we want the future to be more diverse and abundant than the present. In nature, diversity is resilience and we want to be resilient, so we are diversifying the ownership of the farm through the community share offer while we diversify the management of the farm through being a workers’ co-operative with flexible membership.
This means that the future of the farm does not depend on the commitment and resources of only a few people. If someone needs to cash in their investment (i.e. withdraw their shares), they can and nothing is derailed because there are many people with shares. If a worker wants to move on and put their energy somewhere else, they can because there are many workers. We can replace both shareholders and workers over time because our system is stable and diverse enough to deal with change.
We are hoping to raise £400,000: an amount that will not only transfer ownership of the land and business to the community, but will also allow us to upgrade our facilities in a way that will make us function better as a co-operative and as a community farm: making pot-holed tracks less treacherous, building a site office and accessible customer toilet, making a new farmyard and extending the car park and upgrading tracks and public rights of way through and around the farm.
Please see our Business Plan for more details.
The interest rate on shares is projected to be 3% which will be paid annually from the first year you invest as shares which will accrue to your share account, increasing the amount you can eventually withdraw. We plan on allowing withdrawals after 3 years on a first-come-first-served basis. The minimum investment is £100.
If you invest, you will also become a member of Tyddyn Teg with the right to attend our AGM, elect representatives to work with us on community solidarity projects and hold worker-members accountable for meeting the objectives of Tyddyn Teg as set out in our Charter.
Please see our Share Offer Document for more details.
Community Solidarity for a Fairer Future
As an investor, you will have the option to donate all, half or none of the interest you are entitled to into our Community Solidarity Fund which will be co-managed by workers and investors to deliver projects that strengthen local and global food sovereignty. In particular, we will use this fund to subsidize veg scheme membership for financially struggling families who would not otherwise be able to access it and to hold community events that bring people together to learn and share.
Yes! You can buy shares from anywhere in the world as long as you are over 16, with a minimum investment of just £100!
This is what the share offer will enable:
IMPORTANT DOCUMENTS AND TESTIMONIALS
Share Offer Document, Business Plan and Rules also downloadable below in English.