Farm Credit East releases report on grants and incentives
Farm Credit East has released an update to its report identifying federal, regional and state grants, loan guarantees, and other incentives available to assist Northeast producers of all types and sizes. (Courtesy image)
ENFIELD, Conn. — There are a number of grants and incentives available for Northeast agriculture businesses, but learning about their availability and navigating the application can be a challenge. To help with this process, Farm Credit East has released an update to its report identifying federal, regional and state grants, loan guarantees, and other incentives available to assist Northeast producers of all types and sizes.
“Grants can be a great resource to provide additional funds needed to take on larger projects,” said Chris Laughton, Farm Credit East Director of Knowledge Exchange. “Unfortunately, they’re often under-utilized because they can be time consuming and involve quite a bit of paperwork.”
This report, from Farm Credit East Knowledge Exchange, includes funding opportunities available in the eight states served by Farm Credit East: Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island and Vermont. Programs are divided into broad categories according to their main focus: beginning farmers; conservation, environment and forestry; energy; fisheries and aquaculture; organic; rural business development; and research, education and promotion.
In this latest edition of Farm Credit East’s Grants and Incentives Report, a number of new grants have been added across all industries Farm Credit East serves. There is also an increase in the number of grants available for conservation and environmental practices.
It is important to note that a number of these grants were originally funded by the 2018 Farm Bill that expired in 2023. Additional funding has been passed for 2024 to allow for these grants to continue to be funded while we await a new farm bill.
To view the latest edition of Farm Credit East’s Knowledge Exchange report titled, Grants and Incentives for Northeast Agriculture, visit FarmCreditEast.com, or contact Chris Laughton at (800) 562-2235 or Chris.Laughton@farmcrediteast.
Farm Credit East is a member owned cooperative with 24 locations in its eight-state service area. In addition to loans and leases, the organization also offers a full range of specialized financial services, such as tax preparation, payroll, record keeping, appraisal and consulting for farming, forest products and commercial fishing businesses. Farm Credit East is governed by a 16-person board of directors, comprised of 13 customer-elected, one customer appointed and two outside appointed directors. For more information, visit FarmCreditEast.com.
–Farm Credit East