The Savings Incentive Program Class of 2024

By Greg Padget

At Practical Farmers, we know that having access to mentors and peers is key to success as a new farmer. For more than 12 years, our Savings Incentive Program has helped by pairing beginning and aspiring farmers with experienced farmer mentors, learning and peer networking opportunities and business planning support to help them be successful.

Over the course of two years, the SIP Class of 2024 will focus on business planning, building their network and investing capital as they start their farming journeys.

During their time in the program, participants will invest up to $2,400 into their farm savings account. After successfully completing the program, Practical Farmers of Iowa matches their savings dollar for dollar, up to $2,400, to use toward the purchase of a farm asset.

New this year, we’re also excited to offer additional funds to five farmers of color.

Please give our our Savings Incentive Program Class of 2024 a warm welcome – we can’t wait to see what you do!