FBN Regenerative Agriculture Finance Fund Launches
Farmers Business Network and Environmental Defense Fund launched the FBN Regenerative Agriculture Finance Fund (RAFF), an agricultural financing program that rewards farmers who meet soil health and nitrogen efficiency standards through access to lower rates and fees, as well as agronomic insights to optimize the on-farm benefits of regenerative practices. RAFF credit lines will replace traditional operating loans with a one-year line of credit that includes a 0.5% discount from a farmer’s base rate. To qualify, farmers must meet environmental eligibility requirements developed by EDF and backed by peer-reviewed scientific research, including nitrogen management and soil conservation standards. The $25 million pilot fund is currently enrolling 30 to 40 farmers growing a combination of corn, soybeans, and/or wheat, who will each receive one-year lines of credit of up to $5 million.