Oct. 2nd, 2011

seticat: (gen - signal-boost - mine)
Signal boosted from [livejournal.com profile] freyas_fire lj.

Please help keep D. Landreth Seed Co. open for business " by [info]freyas_fire.
http://www.philly.com/philly/news/20110925_Venerable_seed_company_in_last-ditch_bid_to_survive.html

"When Barbara Melera took over the struggling D. Landreth Seed Co. in 2003, she was determined to turn it around. And she did.

With about $1 million borrowed from 20 friends and family members, and two outsider investors, she overhauled the company. It's finally turning a profit.

Even so, the nation's oldest seed house, which dates to 1784 and counted as customers every president from George Washington to FDR, is in trouble. While friends and family are waiting it out, the two outside investors, who lent $250,000 and $175,000, want to be paid back, and the money isn't there.

Debt could take this historic house down, but not without a fight from Melera. She's working 18 hours a day, frenetically trying to raise money to save Landreth, which is based in New Freedom, Pa., near the Maryland border.

"I knew this was a big undertaking," she says. "I'm not going to give up."

The crisis surfaced in May 2010, when investor Liz King of Petaluma, Calif., sued to recover her $250,000; the note was due at the end of 2009. A Baltimore judge ruled in her favor and, on Aug. 30 of this year, froze Landreth's accounts.

Without a reprieve, Melera says she cannot keep the business going beyond Friday.

Her immediate goal is to raise $150,000 to $175,000 by then from seed sales and advance orders for the 100-page, 2012 catalog. The hope is that this will persuade the two outside investors to negotiate payment schedules and allow Landreth to continue operating."

Follow link for full story.

As of today, they were up to $121,000. http://www.philly.com/philly/news/130826193.html

All they ask is people order a catalog for $5 - but I guarantee that as soon as you start poking around their website, you'll order more than a catalog. Got my order placed already for crocus, tulips, and some container garden seeds. When I figure out exactly how much room I have in my new back yard and on my porch, I may order more. I would love some amaryllis to force bloom inside for the holidays.

Website: http://landrethseeds.com/
Facebook page: https://www.facebook.com/LandrethSeedCo?sk=wall

I promised people that when I could, I would pay it forward...I intend to do just that, as often as I can. :) We simply cannot afford to lose any more good independent businesses in PA. Please feel free to copy and paste this to your own LJ's.





























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