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http://www.beginningfarmers.org/funding-resources/
Funding Resources (Loans and Grants) are often crucial to starting a new farm business. This page contains
comprehensive information about finding financial help for starting your farm business. It is also important to be aware that farm business planning is usually an essential component for obtaining funding, for either loans or grants for farm enterprise. We encourage you to visit our Farm Business Planning Page to learn more about how to develop a business plan.
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important funding opportunities for landowners with areas that are not in agricultural production. And a list of all Natural Resources Conservation Service programs which provide funds for a wide variety of conservation projects, initiatives, and activities, can be found at:http://www.nrcs.usda.gov/programs/ The National Sustainable Agriculture Information Service (ATTRA) provides a list of federal, state, and local grant programs, regional funding sources, private lenders and more (listed in calender form) at: http://attra.ncat.org/calendar /funding.php The USDA National Agricultural Library has links to articles on small farm funding, finances and planning. Find a list of USDA Rural Development Grants at http://www.rurdev.usda.gov/RD_Grants.html Also see the Grants, Loans, and Support Page of the USDAs new Know Your Farmer, Know Your Food Website for an overview of federal grant and loan programs. Search for Grants from the USDA National Institute of Food and Agriculture GovernmentLoans.gov is a gateway to Federal agricultural loan information. And check out the Value-Added Producer Grant (VAPG) program for group projects (farm coops, businesses, associations, etc.) in which some but not all of the beneficiaries are beginning farmers. New terms for this program were issued in the Notice of Funding Availability (NOFA) for the VAPG program. Through the USDAs Sustainable Agriculture Research and Education Program (SARE) farmers and ranchers can apply for grants that typically run between $500 and $15,000 for various projects. To apply, obtain a copy of a SARE call for proposals from the appropriate region and ask to be put on the regional mailing list for future calls. After you determine the deadline, submit your proposal, following all guidelines specified by the region. Remember! All deadlines are final. Please note: Each region may title its farmer/rancher grant programs differently. For more information on this programs and links to specific regions visit http://www.sare.org/coreinfo/farmers.htm. For tips on successfully applying for SARE grants visit http://www.nal.usda.gov/afsic/pubs/saregrant.shtml.
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Karen Klonsky, an Extension Specialist at University of California, Davis has written a simple, but excellent document called How to Finance a Small Farm and Kent D. Olson, a UC Davis Cooperative Extension Economist has written one called Farm Leases and Rents. Both publications are valuable resources, and are part of the Universitys excellent Family Farm Series Publications. The Carrot Project is a non-profit organization dedicated to creating financing solutions for small- and midsized farms, limited-resource farms, and those using ecologically sound practices. Our singular program model is designed to incubate and establish alternative financing programs in combination with business technical assistance. Although their loan programs are focused specifically onfarmers in New England, (and now expanding to New York)they do have a great deal of information that may be applicable and useful to beginning farmers everywhere. These include reports such as Lessons Learned: The 2009 Microloan Fund for New England Farmers and Are Northeast Small Farmers in a Financing Fix? Research Results on Financing Gaps and Program Opportunities relevant to beginning farmer financing, and a quarterly E-Newsletter. Their Farmer Resources Page lists both Farm Financing Options and Farm Business and Financial Planning Resources, some of which are Multi-state, while others are New England (and New York) specific and listed by state. New England (and New York) Farmers can apply for their Farm Financing Program. They also provide Information for Investors interested in using their financial resources in a socially responsible way, by investing in projects that help to foster the growth of new farmers. Definitely a fantastic project that is worth checking out, for anyone interested in procuring loans to help build their farm business, folks who want to help support the growth of small, local beginning farmers, or institutions or groups thinking about starting a similar program in their area. The Equity Trust Fund (< click this link to see examples of funded projects as well as loan application procedures) is capitalized by socially motivated investors and donors. It uses its capital to make low-interest loans for community development, educational or agricultural projects:That promote the long-term interests of local communities as well as their individual members; That demonstrate the efficacy of land ownership models that balance the interests of individuals and communities; That promote social and economic justice; That promote environmentally conscious, economically sustainable land use; and that would be unlikely to receive financing from conventional sources. TheAppalachian Sustainable Agriculture Project (ASAP) offers Farmer Grants for Market Development. Individual farmers can apply to receive up to $1500 of assistance. Farm markets are eligible for up to $2000, and as much as $5000 is available for a group of farmers. Matching funds mean that ASAP will pay for up to half of the anticipated applicants cost for promotion and marketing materials. Current and former tobacco farmers can receive up to 75% of these marketing costs. Funds can go towards advertisements, product labeling, graphic design, posters, business cards, signs, and more. To apply, farmers must be Appalachian Grown Certified. To learn more and apply for matching funds, click HERE. The Organic Farming Research Foundation (OFRF) provides grants for organic farming research. Please Note OFRF now has two separate RFPs for grant applications: A Request for research proposals, and a Request for education and outreach proposals A Summary of Beginning Farmer/New Entrant Financing Programs in Canada, The US, and Japan is available at http://www.law.drake.edu/centers/docs/intlAgLaw/baker.pdf Check out the Association for Enterprise Opportunity for information on MicroEnterprise Loans
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3. Illinois has a Beginning Farmer Bond Program administered through the Illinois Finance Authority, which provides reduced interest rates for purchasing farmland. For more information visit:http://www.il-fa.com/products /agriculture/programinfo.html#B 4. Iowa has a Beginning Farmer Loan Program administered through the Iowa Agricultural Development Authority. For more information on this program visit: http://www.iada.state.ia.us/BFLP/index.html 5. Kansas has a Beginning Farmer Loan Program administered through the Kansas Development Finance Authority. For more information visit:http://www.kdfa.org/sites/default/files/uploaded_files/Farming_Application.pdf 6. Kentucky has a Beginning Farmer Loan Program administered by the Kentucky Agricultural Finance Corporation. For More Information visit: http://kafc.ky.gov/kafc_programs_beginningfarmer.shtml 7. Minnesota offers a number of different loan programs through the Rural Finance Authority. For more information visit:http://www.mda.state.mn.us/grants/loans/aggiebond.aspx 8. Missouri has a Beginning Farmer Loan Program administered through the Agricultural and Small Business Development Authority. For more information visit: http://www.mda.mo.gov/masbda/begfarm.htm 9. Montana has a Beginning Farm/Ranch Loan Program offered through the Montana Agriculture Loan Authority. For more information visit: http://agr.mt.gov/business/bfrprog.asp 10. Nebraskahas a Beginning Farmer and Rancher Loan Program administered through the Nebraska Finance Investment Authority. For information on this program visit: http://www.nifa.org/programs/index.html?topic=desc& ps=choose&prog_name_sent=Beginning+Farmer%2FRancher 11. New York State has a Beginning Farmer Loan Program administered by the New York State Environmental Facilities Corporation. For more information visit: http://www.nysefc.org/ 12. North Dakota offers Beginning Farmer Loan Programs through The Bank of North Dakota. For more information visit: http://www.banknd.nd.gov/lending_services/farm_ranch_financing_programs /beginning_farmer_loan_programs.html 13. Oklahomas Beginning Farmer Loan Program (OBFLP) helps provide additional credit options for those entering farming. The loan can be used to obtain or improve capital items such as agricultural land and property, depreciable machinery and equipment, and/or breeding livestock: 14. Pennsylvania has a Next Generation Farmer Loan Program offered through the Pennsylvania Department of Agriculture. For more information visit: http://www.stateagfinance.org/pennsylvania.html 15. Washington State has a Beginning Farmer/Rancher Loan Program offered through the Washington State Housing Finance Commission and Northwest Farm Credit Services. For more information visit: http://www.wshfc.org /FarmRanch/index.htm
6)Commercial Lenders Loans.com is a web portal to 750 commercial lenders. Mortgage 101 provides a list of lenders, a mortgage calculator, information on mortgage rates, and more. Mortgage Sources Corp. Agricultural Division offers loan products with competitive rates to purchase of refinance farm real estate.
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Information about Janus Ag. Finance can be found at: http://www.janusagfinance.com/ag-finance.asp The American Bankers Association Argiculture and Rural Banking Page can be found at: http://www.aba.com /Solutions/AgriculturalBanking.htm. They also offer an Introduction to Agricultural Lending Online Course. Bank of America: Agriculture Loans: Finance equipment, land, or production expenses related to farming and ranching, with various repayment terms. US Bank: Agriculture Loans: Line or load financing for equipment expenses, livestock or crop production with adjustable repayment schedules. Janus Mortgage has loan packages for purchasing agricultural land. PrimeTime Capital Funding provides funding for small and startup businesses using a unique combination of Government and private sources of funding for Loans, Equipment Financing, and Small Business Solutions. Investors Resource Alliance provides agricultural business plan funding and borrower or investor loans for the purchase of goods and services to produce agricultural products. Also see AMERICAN BANKERS ASSOCIATION CENTER FOR AGRICULTURAL AND RURAL BANKING TIP
SHEET FOR YOUNG AND BEGINNING FARMERS: HOW TO BUILD SUCCESSFUL FINANCIAL RELATIONSHIPS
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