Retail demand for organics is exploding so rapidly that Costco is actually lending money to farmers to grow more organic food

Wednesday, April 20, 2016
By Paul Martin

by: Isabelle Z.
Wednesday, April 20, 2016

In news that will be embraced by health-conscious consumers and organic farmers alike, Costco is finding the demand for organic food to be so staggering, that it is lending money to farmers so they can grow enough organic food to keep up.

The Seattle Times reports that Costco came up with this brilliant solution in response to the growing demand by its customers for organic produce. In fact, organic food is one of the quickest growing types of food in terms of sales numbers, a strong sign that people really are starting to insist on clean food that has not been adulterated by toxic chemicals.

Costco’s CEO, Craig Jelinek, said that they simply “cannot get enough organics to stay in business day in and day out.”

Win-win situation

In one of several new initiatives, the firm will lend money to San Diego’s Andrew and Williamson Fresh Produce (A&W) so that they can purchase 1,200 acres of land in Baja California, along with the equipment needed to grow the food.

The idea was born when Costco’s senior vice president of fresh foods, Jeff Lyons, toured the produce company. Their experience growing organic produce impressed him, but he saw that they lacked the funds to purchase additional land to expand these organic growing efforts. As part of the loan, Costco has also purchased the first rights on everything that comes off the land that meets certain requirements.

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