Reports
We love to track progress and celebrate successes here at the Creston Valley Farmers’ Market. We think it’s important to measure our growth, report on progress and share our story.
Financial Reports
The market was on the move in 2019 in order to host a record 45 markets around town. Partnering with Pealow’s Independent Grocers and the Chamber of Commerce, the CVFM ran evening markets (complete with a mobile bar!) every month throughout the summer. In September, we relocated again right onto mainstream to join in on the fun of Creston’s first Grand Fondo bike race. This proved how adaptable the market can be and has given us plenty of ideas for special event markets in the future!
Another record year for the Creston Valley Farmers’ Market! From our earliest outdoor market ever to our largest outdoor market ever (62 vendors!), our community also celebrated a record year with the Farmers’ Market Nutrition Coupon Program. With the expansion of the program, an additional $5000 in fresh, healthy food was made available to local families. The Creston Valley Farmers’ Market was thrilled to join other markets in the region in a new tourism campaign, The BC Farmers’ Market Trail. Moving indoors, the market returned to Saturday mornings in the lobby and Creston Room of the CDCC – a move that presented some challenges and many opportunities.
The 2017 season for the Creston Valley Farmers’ Market was one of many highs and some challenges. Our summer markets had huge numbers of vendors joining us each week, and we even hit over 60 vendors at the last market in August! We moved our indoor market to Sundays at the Community Complex, which had some positives and challenges along with it. Over the summer we had a feature article in Kootenay Business Magazine highlighting our awards for Best Medium Sized Market and Market Manager of the year, plus our amazing portable solar array that powered our summer markets.
The 2016 Farmers’ Market was quite possibly our most exciting year yet! We were finally successful in receiving the Farmers’ Market Nutrition Coupon Program through the BC Association of Farmers’ Markets (BCAFM). Through partnering with Valley Community Services Society and their parent and children food programming, we received funding to support 20 families with $15 in Farmers’ Market Nutrition Coupons throughout the summer! We were also curious how much we’ve grown over the past few years, and with help from Fields Forward volunteers, we completed a series of Rapid Market Surveys and found out we’ve grown 37% in the last 4 years! The year ended with Market Manager, Jen Comer, attending the BCAFM annual gathering in New Westminster where she won Market Manager of the Year Award, and the Creston Valley Farmers’ Market was awarded Best Medium Sized Market of the Year!
The Farmers’ Market continues to grow and change. One of the big initiatives of the year was to develop a new logo and integrate our marketing to the Creston Valley Brand. Thanks to Jesse Willicome from Skimmerhorn Consulting who undertook this project! The Farmers’ Market revenue has been steadily increasing since the Food Action Coalition took over operations in 2010. In 2009, market revenue was approximately $2000, so the jump to $12,000+ was incredible. 2011 just boggled our minds that the market could be so successful. With revenues now approaching $30,000 annually, we can truly say the market operations are self-sufficient. Grants are currently being used to expand the market to year-round. Market revenue has increased 23.3% over the past two years!
The 2014 Farmers’ Market season started off with an amazing amount of energy this year.
Throughout the late winter and early spring, there were indoor markets hosted at Rotocrest Hall. This makes the 2014 year the first that we operated 12 months of the year. With only 18 tables available, there was not enough room to fit all the vendors who wanted to participate! The outdoor season began its second year at the outdoor location on Cook Street, just behind the Chamber of Commerce and Visitors Centre. This great location provides a great visibility for people passing through town. In the year-end vendor survey, as one vendor noted, “I had numerous customers that stopped at the market because they saw it as they drove by.” We are incredibly thankful to the Town of Creston for being so supportive of the Farmers’ Market by providing this space. The indoor fall/ early winter season was again held at Morris Greenhouse. Nothing can beat the ambiance provided by the natural light and plants in the greenhouse! Although, our biggest challenge in that space is we are simply too big! Parking is limited, and at the height of the market before Christmas, the 37 vendors were packed to the rafters to get a spot.
The 2011 Farmers’ Market Year continued upon the success from 2010. We expanded the number of markets, starting 6 weeks earlier than 2010 (open outdoors the first Saturday of May), plus we did a trial for a mid-week summer market in Spirit Square. The revenue for the market approximately doubled from 2010, which meant a huge increase in the number of vendors joining us at market. Seeing this kind of growth and learning how to manage it properly, the Farmers’ Market embarked on a comprehensive business plan to outline how the market operates and strategize for future growth.
Download the Report
The Farmers’ Market started off the year on a great foot, thanks to the development of a comprehensive 38-page business plan undertaken by the Farmers’ Market Committee, under the Food Action Coalition in the Spring of 2010. This plan ensured vendors of the previous seasons’ farmers’ market were included in the development of the market, and provided a strategy and vision for running the market.
A Farmers’ Market requires the coordination of many key players and organizations in the community. Thanks to three grants totaling $5000 from our three directors with the Regional District of the Central Kootenay (Area A, Garry Jackman; Area B, John Kettle; and Area C, Larry Binks), we were able to hit the ground running. With these funds we were able to create an archway entrance to the market, which was a highlight for vendors and customers. We also purchased four collapsible canopies for vendors to rent out on a weekly basis, which removed a barrier for some vendors starting out. Thanks to the Town of Creston, we were able to use the space at Millennium Park during the summer months for $1.
Business Plans
Now with two years of operations complete, a new more comprehensive plan was needed to guide market operations and to truly assess the markets viability for the coming years. With the significant growth over the past two seasons, the CVFM decided it was time to reassess how the market operates and understand the CVFM’s role to their vendors, their market shoppers and broader community. A comprehensive financial analysis is provided in the appendix of this business plan. These financial documents have been developed on the principles of creating a Blended Value Farmers Market, where goals are measured on mission objectives as well as financial objectives. One outcome of these principles is the non-cash activity of In-Kind Contributions and Hidden Costs are included as part of the Cash Flow forecast because of the potential impact they could have on the enterprises’ operations should those circumstances vary. The overall financial goal is to be self-sufficient for day to day operations. Based on 2012 cash flow projections the dependency on grant funds is 36% of total revenues, not including the In-Kind Contributions. This business plan has outlined a number of ways the CVFM can reduce their dependency upon grant funding over the coming seasons.
This business plan was created by a dedicated group of volunteers, under the leadership of Len Parkin. The Creston Valley Food Action Coalition was willing to take the Farmers’ Market under their non-profit umbrella and hire a manager to coordinate the market activities. This plan provided a framework to operate under in the first season, and the massive growth of the market in 2010 and 2011 lead the market to undertake another planning process through 2011 and 2012.
Other Documents
This provincial project was completed by the BC Association of Farmers’ Markets, in collaboration with Dr. David Connell of the University of Northern British Columbia. The purpose of the provincial study was to measure the community and economic benefits of farmers’ markets across British Columbia in order to quantify the significant contributions of farmers’ markets and to increase their visibility both locally and provincially. This year’s project builds upon the success of a similar project completed in 2006. Six years later, by using similar methods we will be to assess changes that have taken place during this time. In total, 33 assessments were completed across the province in 2012.
Highlights of results for the Creston Valley Farmers’ Market:
– The estimated economic benefit of the Creston Valley Farmers’ Market to the local economy is approximately $1.72 million annually
– The estimated number of market customers on assessment day: 900 customers
– Over 250 market visitors participated in the study
– Average customer spending per visit: $23.98
– 57.8% of the survey respondents visit the market either ‘regularly’ (almost weekly) or ‘frequently’ (2-3 times per month)
– Estimated number of annual visits: 32,630
In 2015, the Creston Valley Farmers’ Market gave a presentation to delegates on working effectively with local governments. The presentation gives examples of various types of support local governments can provide with space, infrastructure and policy development. Examples from communities from all around British Columbia were presented to participants.
©2021 Creston Valley Food Action Coalition
