Organic Produce Firm Gets $200K
New Mexico Angels and New Mexico Community Capital have provided $200,000 in equity and
debt funding to Preferred Produce Inc., a Deming- based company that grows certified organic
produce.
The capital investment will go toward doubling the size of the company’s greenhouse and adding
five new jobs to the existing staff of 12 by October 2012, Economic Development Secretary Jon
Barela said in a news release.
Preferred Produce Inc. picks produce only when it is ripe and delivers it within 48 hours of
harvesting. Its products are free of chemical fertilizers and pesticides and its state-of-the-art
greenhouses allow for organic growing methods year-round, the department said. The certified
organic produce can be found in local markets and Whole Foods stores around the Southwest.