Michael Walker at [leftie] Novara Media took a cheap shot at the management of Riverford Organic Farms and had to apologise.
Young Guy started small, with himself and a wheelbarrow, delivering fresh dug unwashed veggies to 30 friends and neighbours. Right now Riverford distributes 50,000 weekly veg boxes from four hub farms in England generating a turn-over North of £100 million a year. In 2018, GSW shifted 76% of the firm's assets to a worker's co-op. As an exit strategy for a venture capitalist, this was a massive fail because the owner accepted as 'consideration' only ¼ of the market valuation. It was still a lorra money: maybe 5x more than I earned in 40 years at the academic coal-face. Guy is currently cashing in his final 23% holding - for £10million. Vid [3m]. He's well-known for his unshouty 'rants' exposing the false premises of Big Ag.
I think it's fair to claim, as Riverford does, that they are balancing the ethical and financial demands of its workers, its customers, its suppliers and its biota . . . and the planet, so that everyone wins. That's what a bargain should be: all parties walk away from the deal feeling like they are the winner.
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