1984 Farms

1984 Farms

Farming

Farming

Overview

Raised this Round: Raised: $7,661

Total Commitments ($USD)

Platform

Honeycomb

Start Date

06/25/2024

Close Date

07/25/2024

Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

13.00%

Term Length

3.0 years

Year Founded

2022

Industry

Farming & Agriculture

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

Atlanta, Missouri

Business Type

Life Style

1984 Farms is raising funds on Honeycomb. It is a farm in Atlanta, Missouri, that provides grass-fed and finished beef, lamb, and corn/soy-free pork. 1984 Farms also offers clean and toxin-free beauty products for health-conscious people and hosts educational events. The farm is focused on sustainability and health and is committed to eco-friendly practices and nutrient-dense foods. Kerissa Taylor and Stephen Taylor founded 1984 Farms in November 2022. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $50,000. The campaign proceeds will be used for cattle for finishing and breeding, and selling beef through a direct marketing program.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$15,084

$10,437

COGS

$35,460

$27,859

Tax

$0

$0

 

 

Net Income

$-69,590

$-62,709

Summary Balance Sheet

FY 2023 FY 2022

Cash

$2,716

$7,580

Accounts Receivable

$0

$0

Total Assets

$33,261

$82,715

Short-Term Debt

$5,262

$4,653

Long-Term Debt

$0

$0

Total Liabilities

$5,262

$4,653

Financials as of: 06/25/2024
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1984 Farms on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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