Savings Incentive Program Class of 2022

Join us in getting to know the Savings Incentive Program Class of 2022!

The Savings Incentive Program is a two-year program that pairs beginning and aspiring farmers with experienced farmer mentors; provides targeted learning and peer networking opportunities; and offers business planning support and guidance.

Over the next two years, members of this class will focus on business planning, building their network and investing capital as they start their farming journey.

Business planning involves creating, implementing and improving their farm business plan. During the two-year program, SIP participants will be held accountable and practice the skills of using their business plan as a decision-making tool.

Participating in mentoring activities and PFI events will give participants access to mentors and peers to strengthen their skills and knowledge. They will leave the program with the tools to build a network to fit their business needs.

Throughout 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.

Since the program’s launch in 2010, the Savings Incentive Program has helped 162 beginning farmers on their path to establishing a healthy farm business. To date, these farmers have saved over $268,000. After receiving the match dollars, these farmers have been able to purchase over $453,000 in long-term assets to further their farming operations.

Thank you to all those who have generously supported this savings match program! The next round of applications will open in fall 2021.