Farm Asset Builder Applications

Posted on November 8, 2017 by Taylor in Farming Resources, Financing, Funding, Rural Development // 0 Comments

Farm Asset Builder is now accepting 2018 Applications for farmers in Southern Wisconsin and Northern Illinois. Apply Today!

What is Farm Asset Builder?

Farm Asset Builder is an Individual Development Account (IDA) matched savings program. Farmers work with Angelic Organics Learning Center and partners to improve their financial and business planning skills, while also saving a monthly portion of their earned farm income that will then be MATCHED! Savings will then be used to purchase items (or assets) that help grow your farm business.

Program Highlights:

Receive a Dollar-for-Dollar Match: You save a dollar, we match you a dollar! Receive a dollar-for-dollar match of up to $2,000 from Angelic Organics Learning Center. Income-eligible farmers can receive an even greater match. Qualified farmers can earn up to $6,000 when they save $2,000!

Purchase Your Asset: Use your savings to purchase a farm business asset such as a hoophouse, tractor, irrigation system, or livestock.

Strengthen Your Financial Knowledge: The program offers one-on-one farm financial education to develop your business planning, financial literacy, and financial management skills.

Become Eligible for Microloans: After program completion, farmers are better prepared to apply for Kiva microloans. These loans provide up to $10,000 in additional interest-free financing for your farm business.

Ready to Apply?

There is no cost for this program and there is no application fee. Please take the eligibility quiz to see if you qualify. If you qualify, we invite you to apply for the program! Applications Due December 8.

Get a Head Start!

Preference is given to those who attend our Farm Finance Boot Camp on November 11th. Spaces are filling fast so sign up today!

Questions? Contact us at farmertraining@learngrowconnect.org.

All information submitted will be held strictly confidential by Angelic Organics Learning Center.

This program is intended to help those that need extra financial support to grow their farm operations.

Learn more about farm financing from beginningfarmers.org at https://www.beginningfarmers.org/funding-resources/