EDMOND, Okla., July 1 - Raptor Ag, LLC, recently completed an investment arrangement with an institutional investor totaling $19.8 million. The deal – completed November 2019 – allows Raptor Ag to further grow its Oregon hazelnut operations.
Raptor Ag, based in Edmond, Okla., was founded in 2016 by Chris Eubanks, Dustin Faulkner and Jason Perkins, with the goal of becoming North America’s largest hazelnut producer. The company has acquired 1,800 tillable acres in Oregon’s Willamette Valley through purchases and long-term leases. A vast majority of all the company’s tillable acreage has been developed.
Raptor Ag has another 303 tillable acres under contract, with 175 of those acres in producing hazelnut orchards. Additionally, the company is actively evaluating approximately 520 tillable acres, some of which has producing orchards.
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.