Minnesota Department of Agriculture (MDA) announced a new Farm Business Management (FBM) Scholarship Program, funded through the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act. Nearly $250,000 in scholarships will be available to farmers negatively affected economically by COVID-19. Priority will be given to farmers engaged in any stage of mediation or bankruptcy between March 2, 2020, and December 30, 2020. The FBM program, offered by the Minnesota State Colleges and Universities system, helps farmers manage their finances and learn how to navigate the complicated financial systems of farming. The scholarships will cover approximately 75% of the cost of tuition.
Applicants must be registered for at least 10 credits for either fall, spring, or combination by December 10, 2020.