WELCOME to the
"Green Collar" Revolution
Founder, Ajit George, was recently interviewed by two modern media outlets in Delaware. Read more about how Second Chances plans to bring vertical farming to Delaware and fight recidivism all at once:
On December 5th, 2018, Second Chances Farm won #1 Best Idea at Pete DuPont Freedom Foundation’s “Reinventing Delaware 2018.” After a written application and three intense rounds of pitching competition among 100 other amazing and innovative business ideas, Founder, Ajit George took home FIRST PRIZE as the top idea for making Delaware a better place to live, work, and raise a family.
Read more about The Pete DuPont Freedom Foundation and “Reinventing Delaware” HERE
Second Chances Farm, LLC was created to establish a series of indoor, vertical farms (plant factories) in Opportunity Zones throughout the United States. Each farm would hire almost exclusively men and women returning from prison and eventually give them entrepreneurial opportunities by giving them their own turn-key, vertical farms to run and grow produce on a commercial scale in a profit-sharing model.
The first farm will begin to grow produce in an Opportunity Zone in Wilmington, Delaware in 2019. It will serve the Mid-Atlantic Area between New York and Washington DC to minimize Food Miles, a term which refers to the distance food is transported from harvest to consumer. This will minimize the adverse consequences of long-haul trucking like spoilage, nutrient depletion, and air pollution.
Indoor vertical farming is truly the future of agriculture as we know it. With a combination of controlled environment agriculture, new workforce development, and exciting opportunities for investment, Second Chances Farm is truly one of the most innovative and beneficial Social Enterprises in the modern age.
We will work to create bright futures and enterprises for men and women re-entering society who have repaid their debt to society after serving their time in prison.
Our goal is to produce “Compassionate Capitalists” with this program and help them to become entrepreneurs of their own farms on a turn-key basis, without the need for credit or capital. All they need is a desire to work hard and the entrepreneurial spirit to be successful business owners.
With recidivism reaching absurd levels across the country, we want to flip the ugly prison cycle on its head and turn those chronic re-offenders into enterprising, tax-paying entrepreneurs.
Local, organic, herbicide and pesticide-free produce 365 days a year!
Yes, you heard correctly. Controlled environment agriculture like vertical hydroponics allows for fresh, healthy, local, herbicide and pesticide-free food every day of the year. Our farms will be completely protected from climate change, natural disasters, and any other elements that nature might throw our way.
By building farms in and around urban areas everywhere, the cost and pollution from current long-haul shipping can be severely reduced, leaving us with a minimal carbon footprint.
The “Nutrient Film Technique” (NFT) of hydroponics we will use can save up to 95% more water than traditional outdoor farming. Not only that, but because of the ability to stack crops, we can produce up to 100 times more crop per square foot than outdoor farms.
By investing in "Opportunity Funds," which our farms will create, investors can minimize or eliminate all capital gains tax after re-investing into “Opportunity Zone Funds.”
Learn more about Opportunity Zones and Funds HERE, and see if a there is a zone near you that could be home to another Second Chance Farm.
Second Chances Farm is an environmentally viable system of indoor hydroponic agriculture established within a warehouse in which multiple levels of crops are stacked vertically in horizontal trays to increase efficiency and production. With indoor farming, virtually any crops can be grown year-round with several harvest cycles each year, and even more for micro-greens.
- Consistent and local supply of fresh, organic, pesticide- and herbicide-free produce, unaffected by weather, climate change, or price fluctuation.
- One vertical acre can generate close to $50 million of produce per year.
- Utilizes up to 95% less water and can produce up to 100 times more food than traditional farming.
- More than 500 Million dollars in venture capital was invested in indoor farming in the last 10 years.
- Organics is the fastest growing sector of U.S. Food Industry, with 11% growth last year, and demand for organic food has more than doubled to $43 Billion in the last decade.
- Produce is a market of more than $100 Billion, with leafy greens making up more than $8 Billion of that market.
Second Chances Farm is dedicated to creating new capitalists. With almost 7 out of 10 people in the U.S. returning to prison after their release, we want to do something to reduce this number and transform lives.
There is a proven correlation between employment and recidivism, but frankly, many employers are hesitant to hire or flat out deny employment to felons and ex-offenders. Without a stable income and a sense of purpose and responsibility, many are likely to re-offend.
By hiring almost exclusively men and women returning from prison and equipping them with tools necessary to run a business of their own, we hope to make a noticeable impact by reducing recidivism and offering both employment and entrepreneurial opportunities.
We are aiming not to be a place of standard, long-term employment, but instead a springboard and training ground where the underserved and underrepresented can get paid while they learn what it takes to run a business of their own.
In December 2017, President Trump signed a new tax bill enacted by Congress. One of the best kept secrets of this tax bill is a section entitled “Opportunity Zones” (OZ’s).
- “Opportunity Zones” are designated by the IRS to no more than 25% of low-income census tracts, within a state, and aim to stimulate economic growth within more urban and impoverished areas.
- Investments in designated “Opportunity Funds” receive two major benefits:
1. Extended deferral of capital gains taxes on money reinvested from a previous investment into aforementioned O.Z.
2. ZERO capital gains taxes owed on investments made in O.Z.’s and held for 10 years or longer (discount on 5 and 7 years as well).
Humans have been growing plants in water (hydroponics) almost as long as we have been growing them in dirt. Only in the last few decades, however, has technology caught up with this practice enough to support efficient and commercially viable plant production for human consumption.
The basic idea behind hydroponics involves growing plants in just water - no soil. Within these parameters, there are various ways to grow and reap a bountiful harvest, but most hydroponics systems work using the same basic principles: Plants are grown within some type of container, where water - with added fertilizer - can reach the roots and allow the plants to grow. Either natural or artificial light may be used to aid in the plants’ process of photosynthesis.
Nutrient Film Technique, or NFT for short, is one of the most popular and effective methods of hydroponics used today (others include “Deepwater” and “Drip Systems”). In NFT, plants are lined up in horizontal channels. Then water from a reservoir, with added nutrients, is pumped periodically through the channels, creating a thin film of nutrient-rich water that flows over the roots, allowing the plants to grow.
Hydroponics save 70 to 95% more water than traditional, soil-based farming due to reduced evaporation and recycling water in a closed loop system. When coupled with modern innovations in stackable technology and LED lighting, we get vertical farming.
This futuristic twist on agriculture can be administered inside almost any building and can produce much more crop yield per square foot than conventional, outdoor farming - right in your home town. Most fruits and vegetables come from more than 1,000 miles away and take a week or more to reach your plate. Vertical farms can be local and get food to consumers in as little as 24 hours!
The truly extraordinary advantage of farming indoors is that we can grow and harvest locally, 365 days per year, in any climate, with absolutely zero pesticides or herbicides, making it the freshest, healthiest, and most nutritious organic food on earth.
It has been estimated that 80% of the world's 10 Billion person population will live in urban areas by the year 2050, and just as skyscrapers were designed as a way to make more efficient use of urban space, so must be modern farms. This is where growing vertically becomes key for the future of agriculture.
With the ability to now stack plants like shelves in a factory, we are able to grow almost 100 times more produce per square foot than traditional farms and even greenhouses. Rapid innovations in LED lighting and other tech continuously compound this rise in production, allowing for even more crop yield.
Although leafy greens are the simplest and most cost-effective plants for vertical agriculture, virtually any crops can be grown hydroponically. Some of the most common and capable hydroponic crops include: Lettuce, Kale, Basil, Strawberries, Peppers, Chard, Hemp, and many more.