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Angelic Organics Learning Center offers additional help to farmers

By Justin Farr, Farm Finance Program Coordinator, Farmer Training Initiative

Farm Finance Program Coordinator, Farmer Training Initiative - See more at: http://learngrowconnect.org/about/staff#sthash.0zWGGhwO.dpufFarm
Farm Finance Program Coordinator, Farmer Training Initiative - See more at: http://learngrowconnect.org/about/staff#sthash.0zWGGhwO.dpuf
Farm Finance Program Coordinator, Farmer Training Initiative - See more at: http://learngrowconnect.org/about/staff#sthash.0zWGGhwO.dpufAngelic Organic Learning Center's new IDA program: The Farm Asset Builder Program, officially kicks off in January 2014. This program will be a one-year program and AOLC will match a farmer's savings 2:1 for that year.

Applications are available today! Please review details of the program online and take the eligibility quiz to see if you qualify for the program. Applications are due by November 30th, 2013 and can be found here. This program is intended for farmers in northern Illinois and southern Wisconsin in its pilot year (2014), but AOLC has only received full funding for two Wisconsin farmers as of now. We intend to continue to fundraise and hope that in the future we will be able to offer this program to a larger geographical area of farmers in Wisconsin and Illinois.

This program is intended for beginning farmers that could benefit and have a need for (1) financial management classes and (2) financial support. Please review the details of the program here before applying. Participants will be required to complete the following in order to receive the match funds:

  • Complete a simplified business plan with 3 years of financial and cash flow projections
  • Attend 4 financial management classes
  • File a Schedule F with their tax return
  • Make regular savings contributions

A competitive candidate will have the following characteristics:

  • A need for financial support
  • A desire to grow their farm operations
  • A need for additional financial management coaching
  • A strong connection with the local farming community and a desire to give back

Please contact Bill with any questions at farmassetbuilder@learngrowconnect.org. 2014 will be this program's pilot year, and there has been a lot of hard work put into making this program a reality. The Farmer Training Initiative staff at AOLC is very excited for the potential of this program. We feel very strongly that with a successful pilot year, this program will continue to grow in the coming years and become a very effective way to financially support beginning farmers in the Upper Midwest.