Description
Eligible farmers can qualify for a 0.5% interest payment rebate* on an approved Regenerative Agriculture Finance Operating Line from FBN Finance. After sharing data to validate program requirements at the end of the growing season and repaying their Operating Line, participating farmers will receive an interest payment rebate check. Must be in Alabama
Georgia
Indiana
Iowa
Kansas
Michigan
Minnesota
Missouri
Nebraska
New York
North Carolina
North Dakota
Ohio
South Dakota
Vermont
Wisconsin
Applicable Practices:
Reduced till
No-till
Strip-till
Cover crops
Nutrient management
Non-irrigated croplands
Elligibility
1. Crop Eligibility: Farmers must grow some corn, soybeans, and/or wheat.
2. Soil Sampling: Farmers must show evidence of soil sampling conducted on all acres at least once every 4 years at a minimum of 10-acre density.
3. Soil Health Practices: At least 70% of farmed acres must exhibit 1+ of the following practices:
No-till or reduced till resulting in minimal soil disturbance
Live roots (cash crop, cover crop, and/or perennials) in the soil for a minimum of 70% of the year
Other regionally appropriate soil conservation practices as outlined in NRCS standards (e.g. riparian buffers, wind breaks) and approved by FBN.
4. N Balance Safe Zone: 80% of fields must achieve an Environmental Defense Fund N balance score between 25-75 lbs or meet other nitrogen efficiency criteria as defined by FBN and EDF.
Available Funding
Eligible farmers can qualify for a 0.5% interest payment rebate* on an approved Regenerative Agriculture Finance Operating Line from FBN Finance. Revolving ($100,000 – $5,000,000). The required lien priority of interest taken in collateral, including crops, crop proceeds, and crop insurance, will depend on amount of credit, and will include an assignment of federal crop insurance indemnity.
Length of Contracts
Revolving
Cost-share requirements?
NA
Required Documentation (prove ownership/lease arrangements)
Farmers are required to submit field boundaries, yield data, and additional data on farming practices used such as fertilizer applications, tillage, cover cropping, and other conservation practices. Supplying precision files is the easiest way to meet most of the data submission requirements for these activities. Additional information will be collected through a survey and backed up with additional records for validation, as needed.
Contact
Lainey Wolf