Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, and the Tractor Supply Foundation announced today farmers can apply for one of 85 grants through a partnership with the American Farmland Trust (AFT).
From now through July 15, farmers can go to https://farmland.org/brighter-future/ to apply for a $10,000 grant to help improve farm viability, access farmland and adopt regenerative agricultural practices. Awards will be granted by late September.
Pam Jahnke spoke with Tractor Supply Foundation Director, Marti Skold-Jordan, about how the foundation started and where it targets its attention today.
According to the AFT:
- 40% of American farmland is owned by people 65 and older, while the number of beginning farmers and ranchers keeps falling.
- In the next 15 years, one-third of America’s farmland and ranchland will likely change hands, as current landowners age and sell. The land is most at risk of being converted to a non-agricultural use when it is sold.