Farm Credit Announces New Program to Assist the Next Generation of Farmers
Horizon Farm Credit announced the launch of its Grow Ahead program, which features new financing options to help the next generation of farmers access the capital they need, as well as educational offerings, mentoring opportunities, and grant programs to help them establish and grow successful operations.
Loans through the new Grow Ahead program feature discounted pricing, reduced fees, customized loan terms, and relaxed underwriting requirements. Grow Ahead loans for young and/or beginning farmers can work in collaboration with FSA loan programs and are eligible to receive patronage.
In addition to new financing options, the Grow Ahead program offers grant and award opportunities, including the JumpStart Grant Program, which awards $10,000 grants annually to top applicants in the start-up phase of business with less than two years of farming experience, and the Farmers on the Rise Award Program, which gives $10,000 awards to top applicants with more than two years of farming experience.
Grow Ahead also brings together educational and mentoring resources to help farmers achieve their goals. They can develop business plans and farm business management skills through Ag Biz Basics and Ag Biz Masters educational courses. Through a partnership with the SCORE network of business professionals, beginning farmers can be paired with a mentor who is well-established within the agricultural industry.
“The future of our industry depends on young and beginning farmers,” said Tom Truitt, Chief Executive Officer of Horizon Farm Credit. “Farm Credit is committed to ensuring that they have the tools they need to start and grow their operations, achieve their dreams, and realize long-term financial success,” he continued. “We’ve developed the Grow Ahead program specifically to meet the needs of these farmers and are excited about the opportunities it presents for them. I hope that those eligible will take full advantage of the valuable resources available through this program.”
Grow Ahead offerings are available to both full-time and part-time farmers within the Horizon Farm Credit footprint. Visit horizonfc.com/growahead to learn more.