Practical Farmers of Iowa Savings Incentive Program and Farm Business Coaching Program

Applications for both programs are due October 9, 2022.
Practical Farmers of Iowa (PFI) is accepting applications for its Savings Incentive Program and its new Farm Business Coaching Program. Both require that applicants live or farm in Iowa or bordering counties of adjacent states, and PFI membership is required. The Savings Incentive Program aims to help beginning farmers succeed through mentorship from experienced farmers; business plan support; the chance to save money and receive matching funds; and access to a range of learning events and a network of supportive peers. After 24 months and completion of all program requirements, participants earn a dollar-for-dollar match on money saved, up to $2,400. In 2022, the program is offering additional start-up funds for farmers of color: a $1,000 start-up grant at the beginning of the program and up to $4,800 upon program completion. Farm Business Coaching is a new 14-month program aimed at helping established farmers strengthen their businesses through in-depth expert consultations. Applicants must currently operate a farm business, have at least five years of experience farming on their own and be a direct marketer of local food.