Cover photo for AgChoice Farm Startup Grant

AgChoice Farm Startup Grant

AgChoice Farm Credit Union

Closed August 31, 2021

About

AgChoice Farm Credit is offering $10,000 grants to new farmers in qualifying counties in Pennsylvania and West Virginia.

Eligibility

Farm Maturity

Applicants must be a 'startup farm business'. For purposes of AgChoice’s grant, a 'startup farm business' is one that has started its operation within the last two years or plans to start within the next two years.

If you are a beginning farmer returning to a family operation, you must be starting a new venture or enterprise to be considered a startup farmer. Startup farmers may be full- or part-time farmers. 

Location

The business must be one of the below qualifying counties in AgChoice Farm Credit's region:

  • Pennsylvania: Adams, Allegheny, Armstrong, Beaver, Bedford, Blair, Bradford, Butler, Cambria, Cameron, Centre, Clarion, Clearfield, Clinton, Columbia, Crawford, Cumberland, Elk, Erie, Fayette, Forest, Franklin, Fulton, Greene, Huntingdon, Indiana, Jefferson, Juniata, Lackawanna, Lawrence, Lycoming, Luzerne, McKean, Mercer, Mifflin, Montour, Northumberland, Perry, Potter, Snyder, Somerset, Sullivan, Susquehanna, Tioga, Union, Venango, Warren, Washington, Wayne, Westmoreland, Wyoming, York

  • West Virginia: Brooke, Hancock, Marshall, Ohio 

Terms

Ag Biz Basics

Applicants must complete Ag Biz Basics as part of the grant application. The program includes four modules that each take approximately 30-60 minutes to complete. Ag Biz Basics is FREE to grant applicants. Upon receiving your completed application, AgChoice will share a coupon code for you to use when registering for AgBiz Basics to enroll at no cost.

You will simply need to have Ag Biz Basics fully completed by the August 31 grant deadline. AgChoice will track completions in cooperation with Farm Credit University which offers the course.

Ag Biz Basics contains four learning modules:

  1. Side by Side with your Lender – Financial Documentation, Planning & Goal Setting

  2. Do You Cash Flow? Cash Flow Planning – putting your production plan in numbers

  3. What are You Worth Financially? Business and Personal Balance Sheets

  4. Did You Make a Profit? Income Statement The course also includes a case study involving entrepreneurs operating a startup agribusiness who are applying for a loan with Farm Credit. In addition, there is a workbook with application exercises.

Fund Use

Grant funds must be used for agriculture purposes to support your farm business within two years of receiving the grant. Fund use examples include tractors, equipment, livestock and farm operating expenses. You may also use funds for startup services including business planning, legal fees or other startup costs.

Award winners will be required to complete a grant acceptance agreement upon receiving the grant, indicating that they will use the funds appropriately. 

Resources

Similar Programs

Details

Deadline

August 31, 2021

Organization

AgChoice Farm Credit Union

Financial Instrument

Grant

Minimum Award Amount

$10,000

Maximum Award Amount

$10,000

Total Program Funding

$100,000

Image Credit

Zoe Schaeffer

Updated August 10, 2021

This information was gathered from public sources. Ambrook is not responsible for or able to affect the results of any financial programs listed, nor are they responsible for any incorrect information that is listed or is on the hyperlinked external sites. All information is subject to change.