Perennial Fund Offers Loans for Farmers Transitioning to Organic
The nonprofit Mad Agriculture has launched the Perennial Fund, which offers a new type of loan to help farmers expand certified-organic acreage using regenerative practices. The program is designed to support farmers as they transition, in situations where conventional financing is difficult to obtain or not tailored to farmers’ needs. The Perennial Fund offers operating loans, equipment loans, and infrastructure loans that provide flexible payments during transition years and allow two deferral years in case of unexpected losses. The program also helps to coordinate a support network that addresses business planning, market development, and information exchange.