EDMOND, Okla., July 20 - Raptor Ag, LLC, recently closed a series of financing transactions totaling $7.5 million for its Oregon hazelnut operations. This round of funding, which comes from one investment firm, is earmarked for the acquisition and development of approximately 347 tillable acres, 120 of which are in producing hazelnut orchards. The balance of the acreage will be planted this winter.
Raptor Ag, based in Edmond, Okla., was founded in 2016 by Chris Eubanks, Dustin Faulkner and Jason Perkins. With today’s announcement, the company has acquired approximately 2,000 tillable acres in Oregon’s Willamette Valley, and all the acres are in established, except for about 140 acres scheduled to be planted this fall.
Raptor Ag focuses on high-quality ground with water rights. All its orchards are managed on a drip line fertigation program. The company has a full-time staff, with its operations office near Corvallis, Ore. More information can be found at RaptorAg.com.