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$1 million state fund to benefit farmers

Farmers across New York are in line to receive grants from a $1 million fund announced Friday by Gov. Andrew Cuomo.

The New Farmers Grant Fund will provide grants up to $50,000 to cover up to 50 percent of eligible project costs, with the remaining 50 percent being matched by the recipient, the state said. To be eligible, farmers must be within the first 10 years of ownership, with a minimum of $10,000 in income from sales of products produced on the farm.

The grants can be used to cover costs such as farm machinery, supplies and construction, and improvement of farm structures.

"Access to capital can be a major barrier for beginning farmers starting up an operation,” said Dean Norton, president of the New York Farm Bureau. “The New Farmers Grant Fund can literally provide that seed money to buy new equipment, build a barn or grow an operation. The results benefit not only farm families across the state, but our rural economies as well, as the money is passed through to local agricultural suppliers and support businesses."

Empire State Development Corp., in consultation with the New York State Department of Agriculture and Markets, administers the fund.

The program, in its third year, has provided nearly $1.4 million to 41 farms across the state.

(c) 2016 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email rbj@rbj.net.

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