AGRI Beginning Farmer FBM Scholarships

Minnesota Department of Agriculture (MDA)


Grant amount: Up to US $3,800

Deadline: Rolling

Applicant type: Graduate Student Undergraduate Student Working Professional

Funding uses: Scholarship

Location of project: Minnesota

Location of residency: Minnesota

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Overview:

AGRI Beginning Farmer FBM Scholarships

This program helps farmers in Minnesota learn good business management strategies that will lead to profitable and satisfying farming operations. Scholarships pay 50% for up to 40 credits, in order to make Farm Business Management (FBM) education more affordable for our state's beginning farmers.

How much are the scholarships? How much do I have to pay?

The scholarship pays 50% of tuition (after financial aid and any other grants). Scholarship recipients must take a minimum of eight and maximum of 10 credits per year. Full tuition ranges from $170-190 per credit, depending on your location, so a scholarship can make the program much more affordable.

Is it worth the investment?

More than 3,000 other Minnesota farmers think so! They say it helps them assess their profitability, make pricing and marketing decisions, monitor cash flow, and prepare their taxes. They use the program to help them manage their records and get a clearer picture of what is really happening on their farms from year to year: Where am I making money? Which aspects of my farm are unprofitable? Where could I reduce costs? Enhance profits? You will receive an end of year financial and business analysis and can use an anonymous benchmarking database called FINBIN to compare your operation with similar farms.

You can learn more about this opportunity by visiting the funder's website.

Eligibility:

  • Who is eligible to receive a scholarship?
    • Beginning farmers who are Minnesota residents, have fewer than 40 credits of FBM, and enroll for 8 to 10 credits of FBM per academic year.
    • A "beginning farmer" has owned and operated a farm or ranch, wholly or in partnership with others, for 10 years or fewer.
      • As owner/operator, a person must have a financial interest in the farm, must participate in making some or all management decisions, and must participate in the operation of the farm on a regular basis.
      • or example: maybe you just started your own brand new farm, maybe you grew up on the farm and have “come back” to join as a partner, or maybe you “married into” a farm and need to learn management skills. In all these cases, you’d be considered a beginning farmer.