AMES - Practical Farmers of Iowa has opened a new round of applications for the Savings Incentive Program.
Beginning farmers can apply now for an opportunity to save money and receive matching funds while learning how to build a profitable farm.
Money saved (up to $2,400) will be matched after completing the two-year program.
Applications will be accepted now through Oct. 14.
Applications can be downloaded from PFI's website www.practicalfarmers.org or call 232-5661 to receive a copy in the mail.
Developing the next generation of farmers who use ecologically sound and community-enhancing approaches to agriculture is a top priority for Practical Farmers of Iowa, and the Savings Incentive Program aims to equip these farmers with the tools they need to succeed.
The program works by encouraging beginning farmers to save approximately $100 each month for two years.
After two years and completion of all program requirements, PFI will match their savings dollar for dollar so the beginning farmer could have up to $4,800 to put toward a productive farm asset (land, machinery or livestock).
Meanwhile, enrollees will create or fine-tune a business plan and participate in programming to help their farm succeed.