By Chris Tittle, Director of Organizational Resilience //

At a recent Oakland City Council meeting, Wilson Riles, a community leader and former City Councilmember, reminded us why Wall Street is so-called: it actually had a wall built around it in the 17th century to keep out Native tribes displaced by early colonists.

It’s also worth remembering that Wall Street was the site of New York City’s first slave market, and the first modern financial instruments were developed to collateralize Black bodies in the Trans-Atlantic slave trade.

By Sue Bennett, Sustainable Economies Law Center staff member //

Last year, the Sustainable Economies Law Center brought together a group of five community composters from around California in a monthly phone call, creating a small, but powerful, California Community Compost Coalition. These amazing individuals are transforming the ways their communities manage food and yard waste, and they are helping California comply with a mandate to divert organic waste from landfills.  Yet, these compost entrepreneurs have been encountering many frustrating legal barriers, prompting them to take action at the city and state level. Already, they are demonstrating that – even without policy advocacy experience – people can shape law and policy when they get organized and speak up!

Photo by Brenda Platt, Institute for Local Self Reliance

By Christina Oatfield, Policy Director //

We believe that community land trusts (CLTs) are an underrated yet critical solution to the housing crisis, not only in the Bay Area but pretty much everywhere. They need more attention, funding, and other forms of support, such as government policies and programs to nurture their development.

What is a CLT and why are these organizations so great? Here’s an excerpt from an op-ed I wrote about CLTs last year:

By Charlotte Tsui, Staff Attorney //

A Call to Action

Late last year, in response to AB 2883 and its adverse consequences on worker cooperatives, Sustainable Economies Law Center put out a call to our cooperative network in California to convene a working group whose primary objective would be to change the law to be more responsive to worker cooperatives. Worker-owners from seven different worker cooperatives responded to the announcement, including The Cheese Board, Drought Smart Cooperative, Niles Pie Company, Three Stone Hearth, Arizmendi Bakery, Home Green Home, and Echo Adventure Team.  

Even with little or no experience in policy work, the worker-owners who enlisted arrived brimming with energy, ideas, and a strong desire to hit the ground running. By the end of the first meeting, participants had divided responsibilities and self-assigned to different committees.

By Neil Thapar, Food and Farmland Attorney //

Photo Credit: Piro Patton

How can we secure food justice in the United States when 98% of all farmland is owned by White people? When Black farmers own less than 3 million acres of rural land today, compared to over 15 million acres just a century ago? When 180 million acres were stolen from Native communities in the 19th and 20th centuries? Developing a just food system requires (1) confronting the reality of racial disparity in farmland ownership and its negative impacts on wealth distribution, health outcomes, and cultural vitality, and (2) replacing the current reality with an equitable distribution of farmland that prioritizes communal stewardship, local control, and diversified ownership.

Successfully developing this future will rely on expanding access to capital for farmers of color beyond the conventional financing institutions that have, so far, failed to meet their needs.

By Janelle Orsi, Executive Director 

What would it take for you to pull your retirement savings out of Wall Street and invest it in things that enrich your local community? Could you invest your IRA or 401(k) in, say, a local farm, solar cooperative, worker cooperative, or housing cooperative?

These questions are so worthy of answers that 15 volunteers and staff of Sustainable Economies Law Center gathered last year for a day at the law library to imagine and design a cooperative that would enable everyday people to direct their retirement savings into local investments. We sought to understand the applicable financial and tax regulations and assess the possibility that ordinary people could come together and form the required custodial entities to enable self-directed IRAs for themselves and their communities. Our key takeaways were: 1) It would be challenging, but not impossible; and 2) There’s so much we can do in the meantime! 3) We have created a community The Next Egg, where we're empowering ourselves to self-direct retirement savings toward building vibrant communities!

By Neil Thapar, Food and Farmland Attorney //

The first part of this blog introduced the most recent iteration of domestic land grabs, by way of Real Estate Investment Trusts (REITs). These investment schemes threaten an equitable and sustainable future for farmland ownership and stewardship by prioritizing profits, commodifying land as a financial asset, and consolidating ownership with absentee-landlords. As the farmland REIT sector grows, Sustainable Economies Law Center is busy researching and piloting alternative models of farmland ownership that prioritize racial equity, ecological sustainability, and long-term stewardship. While consolidation, characterized most recently by REITs, represents the history of farmland ownership, we see the democratic, cooperative, and community-controlled models below as the future.

By Neil Thapar, Food and Farmland Attorney //

If you don’t follow investment trends, you may not know that one of the hottest investment opportunities in recent years is land, specifically farmland. Many investors, weary of investing in the stock market in a post-Great Recession era, are seeking alternative, stable investment opportunities. Farmland values have historically increased at a steady rate. As an added bonus, investors can also profit from whatever agricultural activities take place on the land. The flood of investment over the last several years means that agricultural land itself is being treated more and more like a profitable financial asset, instead of a productive natural resource. In a decade where both the average value of farmland and age of farmers have hit all-time highs, increased Wall Street ownership of farmland threatens a just transition by furthering principles of profit maximization, financialization of land, and absentee ownership.

By Christina Oatfield, Policy Director

We recently learned that AB 626, the currently pending California homemade food bill, has stalled in the Assembly Appropriations Committee, meaning that no more votes will happen this year. The committee will resume consideration of the bill in January.

By Christina Oatfield, Sustainable Economies Law Center Policy Director

I just stumbled upon an opinion piece by Adam Calo in the San Francisco Chronicle from several months back, which describes the crisis of farmland access and ownership facing beginning farmers. It very poignantly calls on farmers and eaters to engage in policy, specifically around farmland ownership and lack of access to farmland on reasonable lease terms for beginning farmers.

Our Food & Farm Attorney, Neil Thapar, shared this tip on advocacy in this list complied by CQ Roll Call:

As a lawyer, I’ve missed out on training as an organizer. I’m always looking out for opportunities to better understand social change theory and organizing strategy to better understand how I can more effectively be an advocate. With apologies for the sports metaphor, advocacy is a team sport – so the more effective I am at bringing people onto my team, the more successful I will be. – Neil Thapar, Food and Farm Attorney, Sustainable Economies Law Center

May marks our annual People Powered Economies membership campaign. During the month of May, we're sharing stories about how our work at the Sustainable Economies Law Center is building more just, resilient communities. If you ever wondered how your donations were making an impact or why you should become a supporter of our work, read on to learn about our partnership with Prospera building resources for immigrant-owned cooperatives! If you like what you read, please join us today!

May marks our annual People Powered Economies membership campaign. During the month of May, we're sharing stories about how our work at the Sustainable Economies Law Center is building more just, resilient communities. If you ever wondered how your donations were making an impact or why you should become a supporter of our work, read on to see one story of how our advocacy has changed lives and enabled thousands of homemade food businesses! If you like what you read, please join us today!

For the next 24 hours, we have a $500 matching grant opportunity from a generous supporter, Brian Hicks! All donations made TODAY (5/16) will be matched up to $500. Give now to double your impact and help us reach our $60,000 goal! 

By Subin Varghese for P2P Foundation

Excerpt:

Step 1. Start now

Don’t wait. That’s rule #1 for living in a world where we’re already feeling the impacts of climate change; millions of lives and livelihoods are at risk — or stand to benefit from solutions — in this and future decades. We needed a just transition of our energy economy yesterday. And while there are challenges to universal access and equitably shared benefits from clean energy, there are steps we can take today to start building projects, jobs, and improved health in local communities.

We're in the middle of our fundraising drive! Throughout this month, we're sharing four stories of how our work is making an impact and building more just, resilient communities. For current members and donors, this is a way for us to share how your support is making a difference. Read about our work with the People of Color Sustainable Housing Network below and join us today.