Finding the money is one of the biggest, and often the only limiting factor for young farmers ready to jump in to the hands-on day to day grind of running their own farm. The Agricultural Individual Development Account (IDA) is a bridge for these farmers.
California Farmlink and the Beginning Farmers and Ranchers Development Program IDA project partners are have released a new guide based on the experience and findings of a three-year collaborative learning project.
From CA Farmlink:
In the Guide, you will learn the basics of IDAs, which are economic development programs that provide participants with matched savings and financial education, and gain access to the extensive research, work, and experience of the project partners.
We hope the Guide will provide useful insights about these types of programs and help you lay groundwork, avoid pitfalls, and gather resources and ideas for starting, running, or expanding an agricultural IDA program.