Starting a farm is a great way to take your future into your own hands. However, there’s a lot more that goes into running a successful operation than just looking for the best loans for farmers. You need to plan your business and take care of daily operations while also securing the financing you need to grow the operation.
7 Great Resources Beyond Loans for Farmers
Here are a few key resources to utilize whether you’re just getting started or are trying to expand your business.
1. The USDA Microloan Program
The USDA is one of the largest backing agencies for loans for farmers. Their microloan program offers small loans at low interest rates to farmers looking to expand their business without the burden of traditional business loans.
2. USDA National Farmers Market Directory
The easiest way to get your wares in front of people is to participate in local farmers markets around your hometown. Finding those markets and contact information isn’t easy. The USDA National Farmers Market Directory gives you access to all the info you need to find and register for upcoming markets.
3. New Farmers
Backed by the USDA, the New Farmers program is your one-stop shop for all the information you need to get your farm off the ground. You’ll find business advice, farming advice, resources about taxes and food safety, as well as resources to help you network with other farmers.
4. GAP Certification
Keeping a clean operation is the key to your success. The USDA Good Agricultural Practice Certification shows you what you need to do and how to do it at your operation.
5. BFRDP Program
The Beginning Farmer and Rancher Development Program is a grant program that offers an alternative to standard loans for farmers. The grants vary in amounts but can be used by new and mid-level farmers to grow their business.
6. Value Added Producer Grants
The Value Added Producer Grants are grants, not loans for farmers, that can be used to pay for marketing, processing, and even inventory management costs. The program is best for new farmers looking to kickstart their business.
7. Natural Resources Conservation Service
Managing resources is always a challenge, but when you’re new, it’s even harder. The Natural Resources Conservation Service shows you what you need to do to create a sustainable plan for your farm.
Buy Your Farm the Right Way
Before you can start using these resources, you’ll need to explore different loans for farmers to help you buy the land you need. Contact us today to discuss your options.