{"id":32033,"date":"2021-05-25T18:26:48","date_gmt":"2021-05-25T22:26:48","guid":{"rendered":"https:\/\/test.greenmoney.com\/2025\/?p=32033"},"modified":"2021-06-25T14:37:35","modified_gmt":"2021-06-25T18:37:35","slug":"speed-of-trust-a-native-american-investment-example-of-restorative-agriculture-and-economics","status":"publish","type":"post","link":"https:\/\/test.greenmoney.com\/2025\/speed-of-trust-a-native-american-investment-example-of-restorative-agriculture-and-economics\/","title":{"rendered":"Speed of Trust: A Native American Investment Example of Restorative Agriculture and Economics"},"content":{"rendered":"<div class=\"landing-links\"><a href=\"\/june-issue-2021\/\">&gt;&gt; Back to June 2021 Issue<\/a><\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-32260 alignleft\" src=\"https:\/\/test.greenmoney.com\/2025\/wp-content\/uploads\/2021\/05\/Theo-Ferguson-of-Healthy-Living-Systems.jpg\" alt=\"Theo Ferguson of Healthy Living Systems\" width=\"376\" height=\"511\" srcset=\"https:\/\/test.greenmoney.com\/2025\/wp-content\/uploads\/2021\/05\/Theo-Ferguson-of-Healthy-Living-Systems.jpg 400w, https:\/\/test.greenmoney.com\/2025\/wp-content\/uploads\/2021\/05\/Theo-Ferguson-of-Healthy-Living-Systems-221x300.jpg 221w\" sizes=\"auto, (max-width: 376px) 100vw, 376px\" \/><\/p>\n<h5>(above) <a href=\"https:\/\/www.kevinpourier.com\/\">Kevin Pourier\u2019s Buffalo Horn Art<\/a>: Connoting the achievement of bringing the Buffalo back. \u201cwasna\u201d carrying container by a hunter or warrior for nutrient dense \u201cfast food\u201d.<\/h5>\n<p>&nbsp;<\/p>\n<p>As White House National Climate Advisor Gina McCarthy espouses, we need to think in systemic terms when tackling our collective challenges \u2014 COVID, economic downturn, seeking social justice to heal racism, and climate change \u2014 these are all challenges that must be approached together. Our best guides \u2014 environmentally, socially, in governance practices and economically \u2014 are still our Indigenous brothers and sisters.<\/p>\n<p style=\"text-align: left;\">Eighty percent of the earth\u2019s biodiversity is stewarded by 5 percent of the indigenous people living on 25 percent of the world\u2019s land surfaces. Indigenous people, as a culture, have been very successful in living in balance with the environment.<sup>1<\/sup> One could attest that their multi-dimensional, multi-generational ways of living and their spiritual connection with the lands and all species is the fundamental chord in the harmony and vitality they achieve.<\/p>\n<h3 style=\"text-align: center;\">Eighty percent of the earth\u2019s biodiversity is stewarded by 5 percent of the indigenous people living on 25 percent of the world\u2019s land surfaces. Indigenous people, as a culture, have been very successful in living in balance with the environment.<\/h3>\n<p>I attended the ASBC\/SVC Spring Conference<sup>2<\/sup> in April 2021. This session in particular impacted me \u2014 fundamentally. \u201cRestorative Investing for Racial Justice: Learning More about the Tanka Bar Investment.\u201d Participants included Aner Ben-Ami (Candide Group), Dawn Sherman (Native American Natural Foods (NANF)\/Tanka Bar), Jeff Cyr (Raven Capital Partners), and Laina Greene (Angels of Impact). Some of the text of this article is drawn from that session.<\/p>\n<p>In 2006 Native American Natural Foods (NANF), an Oglala Lakota enterprise mounted on the Pine Ridge Reservation in South Dakota, launched the <a href=\"https:\/\/tankabar.com\/\" target=\"_blank\" rel=\"noopener\">Tanka Bar<\/a>, the first commercial bison meat-and-fruit energy bar, based on a traditional Lakota recipe called \u2018<a href=\"https:\/\/tankabar.com\/pages\/buffalo-nation\" target=\"_blank\" rel=\"noopener\">wasna<\/a>.\u2019 The intent of the enterprise was to bring the Buffalo back, as the Oglala Lakota people experience themselves and the Buffalo as Sister Nations. With lean buffalo meat reintroduced into their diet<strong>,<\/strong> the Oglala Lakota curtailed obesity and diabetes; simultaneously reintroducing the Buffalo led to regenerated soil and community health. With a goal of equitable wealth creation within its robust supply chain, NANF aimed to create livelihoods for their community members and Native ranchers (unemployment on the reservation is around 70 percent!), and bring bison back to the prairie, with profound climate and cultural implications.<\/p>\n<div class=\"video-iframe-fullwidth\"><iframe src=\"https:\/\/www.youtube.com\/embed\/Hv58a1u2WWg\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/div>\n<h5>Buffalo Returns \u2013 Pine Ridge Indian Reservation was on the brink of economic ruin and tribal elders Mark and Karlene felt they could find a solution. See how their company, Tanka, used cultural tradition to help create a sustainable economy for the Lakota people. Film produced with help from <a href=\"https:\/\/www.youtube.com\/watch?v=Hv58a1u2WWg&amp;t=584s\">American Express<\/a><\/h5>\n<p>After its founding in 2006 by Karlene Hunter and Mark Tilsen, NANF experienced two good years, followed by 2008\u2019s global economic dive and being pushed out of the market by well-funded \u201ccopy-cat\u201d competition seeking to reap the rewards of buffalo meat products. Since \u201cgiving up\u201d was not an option, NANF CEO Dawn Sherman and team \u201chung on\u201d in the isolation of Pine Ridge for 3 years. NANF kept the company alive through the strength of their creation story with Buffalo, their core indigenous values, their leadership nation-wide and their on-line marketing. NANF negotiated a strategic partnership with Niman Ranch, which covered sales and supply chain management; brought in their primary bison supplier as a strategic partner; and built up their Advisors and Board. They found in the Candide Group, an equity investor partner, ready to provide regenerative funding for their food enterprise that upholds indigenous values using traditional recipes.<\/p>\n<p>Aner Ben-Ami of the Candide Group<sup>3<\/sup> is involved in redefining investing within the firm. Ben-Ami working with the Candide Group partner base, developed a model of investing that is based on food justice. The Group seeks through its investments to promote social justice and equity; they aim to help re-define who wins and who loses in our economy. The Group casts a wide net, knowing many issues are deeply intersectional and no issue is more intersectional than food<strong>. <\/strong>Our food industry can be redesigned to create wealth for the historically disadvantaged\u2014often people of color (POC) workers\/suppliers\u2014as well as to serve healthy and nutritious food to lower income (often POC) communities. As investors, as we move capital away from an extraction economy to one based on shared ownership, it is critical to evaluate each enterprise\u2019s fundamental principles.<\/p>\n<div id=\"div-gpt-ad-1622053269469-0\" class=\"ad-float-left\"><script>\ngoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1622053269469-0'); });\n<\/script><\/div>\n<p>Jeff Cyr is Managing Partner of Raven Capital Partners\u2019 Raven Indigenous Impact Fund (RIIF)<sup>4<\/sup>, Canada\u2019s first Indigenous financial intermediary. The Fund is working at the Canada-US Border practicing Restorative Economics. The group\u2019s fundamental perspective is relationality in place-based capital, using money as medicine<sup>5<\/sup> in service of Restorative Economics. Given Raven Capital\u2019s focus, it was a natural alliance for Jeff to work with Candide Group\u2019s Ben-Ami on an Indigenous investment.<\/p>\n<p>The Candide Group saw the Tanka Bar enterprise\u2019s equitable wealth creation, soil health, Indigenous values, investment structures, and focus on long-term Native ownership. Dawn Sherman\u2019s team, with her elders\u2019 approval, worked with Aner and Jeff to move the profit-seeking\u2014not profit-maximizing\u2014relationship forward at the \u201cspeed of trust.\u201d<sup>6<\/sup><\/p>\n<p>The investment with decolonizing outcomes has created an innovative, reasonable 8-9 percent \u201call boats rise\u201d solution built as a values-relations protocol, as well as a restorative, entrepreneur-friendly deal structure.<\/p>\n<p>NANF has been opposed to the idea of building the business to sell it. NANF\u2019s goal is to create wealth for Native owners, workers and ranchers through systemic, regenerative agriculture cultivating a keystone species while building soil health and human health. NANF believes that the goals proposed can only be fulfilled if NANF stays in Native hands under 100 percent native leadership over the long term.<\/p>\n<p><strong>Ben-Ami states: This is an equity investment with meaningful departures from convention:<\/strong><\/p>\n<ul>\n<li>\u201cNative override\u201d: Any financial distribution must include more than 51% of proceeds going to Native owners.\u00a0These terms differ from conventional terms in one key way. Typically, preferred equity investors are the FIRST to get repaid. If a business must be sold because it cannot generate a return for all shareholders, preferred shareholders get all proceeds until they at least get their money back. This isn&#8217;t the case here \u2013 non-indigenous equity investors would recover at most 49% of proceeds.<\/li>\n<li>Redemption right: Investors don&#8217;t expect NANF to pursue a sale of the business, instead investors have a redemption right. Investors ask the company to buy our shares back. If that isn&#8217;t possible\u2014i.e. the company doesn&#8217;t have the resources\u2014investors are collectively committed to prioritizing a third-party Native buyer. This scenario would result in an INCREASE in Native ownership; additionally, non-Native shareholders\u2019 returns would be capped at a maximum of 2x initial investment.\u00a0This is very different from a typical equity investment, where investors expect the company to be sold to the highest bidder.<\/li>\n<li>For investors working with a severely under-resourced Native-owned company, there are certain additional considerations: Costs to holistic exit could be a pro bono attorney\u2014term sheets lead investors\u2019 attorney. Investors took on significant percentage of legal costs given atypical terms. Investors helped fund an outsourced CFO to support the process on the company side, so that NANF\u2019s CEO was not solely responsible for financial analyses and projections.<\/li>\n<\/ul>\n<div id=\"div-gpt-ad-1622053479374-0\" class=\"ad-float-left\"><script>\ngoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1622053479374-0'); });\n<\/script><\/div>\n<p>Ben-Ami stated: \u201c<em>We\u2019re honored to be a partner to NANF\u2019s work, and encourage others to follow their journey in using decolonized wisdom for regenerative growth.\u201d<\/em><\/p>\n<ul>\n<li>Jeff Cyr: Indigenous investors take a lot of time. With good relationships the cost could be low. Sometimes the parties share the same attorney.<\/li>\n<\/ul>\n<p><sup>\u00a0<\/sup>Jeff Cyr observed: <em>\u201cIndigenous people are on a journey together. Money is love. Money is medicine. These enterprises are cultural capital. We want to undertake these entrepreneurial deals as native American activities <\/em><em>overseen by the Bureau of Indian Affairs. This regenerative agricultural enterprise is taking back the Buffalo, our relatives, the bringing the people back their health.\u201d<\/em><\/p>\n<p>Dawn Sherman elevated again the critical need to work with all our relations: \u201c<em>Mitakuye Oyasin\u2014We are all related.\u201d \u201cWe need to work as partners and face the storm together.\u201d<\/em><\/p>\n<p>Jeff Cyr enjoined the audience to work on restorative enterprises. <em>\u201cWe need an economics that works for the world, not for economic exclusion.\u00a0 All my relations, create an economics for the world.\u201d<\/em><\/p>\n<p>&nbsp;<\/p>\n<p><strong><em>Article by Theo Ferguson<\/em><\/strong><em>, CEO and founder of <\/em><a href=\"http:\/\/www.healinglivingsystems.org\/\" target=\"_blank\" rel=\"noopener\"><em>Healing Living Systems, Inc.<\/em><\/a><em>, a CA Social Purpose Corporation. Theo has been Focused on Food, Farming and Finance Infrastructure and Social Justice, and Advocacy since 2004.<\/em><\/p>\n<p><strong>Footnotes:<\/strong> Find all the <a href=\"https:\/\/www.healinglivingsystems.org\/speed-of-trust\/\" target=\"_blank\" rel=\"noopener\">footnotes details here<\/a> as well as some additional useful information.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><strong>Note to Readers<\/strong>\u00a0\u2013 Read Dawn Sherman\u2019s full article on \u201c<a href=\"https:\/\/test.greenmoney.com\/2025\/regenerating-the-land-and-native-communities-with-bison\/\" target=\"_blank\" rel=\"noopener\">Regenerating the Land and Native Communities with Bison<\/a>\u201d she wrote for\u00a0<em>GreenMoney\u00a0<\/em>in 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span style=\"font-weight: 400;\">Indigenous people are on a journey together. Money is love. Money is medicine. These enterprises are cultural capital. We undertake these entrepreneurial deals as Native Americans<\/span><span style=\"font-weight: 400;\">. <\/span><span style=\"font-weight: 400;\">This regenerative agricultural enterprise is taking back the Buffalo, our relatives, and bringing our people back to their health.<\/span><\/p>\n","protected":false},"author":3,"featured_media":32185,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[323],"tags":[124,139,136,134],"class_list":["post-32033","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-june-2021-sustainable-agriculture-food","tag-featured-articles","tag-food-farming","tag-impact-investing","tag-sustainable-business"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Speed of Trust: A Native American Investment Example of Restorative Agriculture and Economics - Green Money Old version<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Speed of Trust: A Native American Investment Example of Restorative Agriculture and Economics - Green Money Old version\" \/>\n<meta property=\"og:description\" content=\"Indigenous people are on a journey together. 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