A new Report by the folks of Land for Good and the University of Vermont delves deep into the complicated terrain of Farmland Investment Models, aiming to provide farmers the nitty-gritty needed to evaluate whether or not a model like this could work for them.
While Farmland Investment models are diverse, the basic idea is as follows:
1. Farmer needs land but doesn’t have the money to buy it.
2. Farmer partners with Farmland Investment Company.
3. Farmland Investment Company buys the land and a) rents-to-own to the farmer, b) owns the land until easement funds become available and the farmer can use those to purchase the property, c) rents the land to Farmer as an incubator site.
USDA Awards Millions to Support New Farmers
The U.S. Department of Agriculture announced on October 8th, 2015 awards totaling $17 million through the Beginning Farmer and Rancher Development Program (BFRDP). BFRDP is the only USDA program exclusively dedicated to training new farmers and ranchers, particularly in sustainable production practices.
This year, 34 organizations received BFRDP grants for projects supporting beginning farmers in 25 states. In total, about $10.7 million in grant funding will support 22 projects spearheaded by community-based and non-profit organizations, while $6 million will go towards 12 beginning farmer programs housed within public universities or cooperative extension. Here are the winners!
Dakota Rural Action
Farmer Veteran Coalition
Hmong National Development
Land for Good
Maine Organic Farmers and Gardeners Association
Midwest Organic and Sustainable Education Service
To read more, click HERE!
DEAR COOPERATIVE FARM DREAMERS:
The Greenhorns, Land for Good, and the Cooperative Development Institute have launched a project this year to provide the necessary information and support to make land sharing and co-managing farm businesses a viable and accessible model. Are you pursuing a vision of a collaborative farm project? Looking to share land with friends, peers, fellow farmers? Get in here and be heard!
“Cooperative farming, in which multiple farmers co-manage a single property, could be a powerful tool for keeping farmland in the hands of farmers and easing the challenges to new farm businesses. (more…)