Mad Ag Gets Fed Grant
Mad Agriculture has been awarded $817,000 to launch the Perennial Fund by the USDA National Resource Conservation Service
Mad Agriculture is one of 19 recipients across the country of the grants from the NRCS.
According to the group’s documents, the Perennial Fund loans $50 to $500 per acre per year to a farmer for 3 years to transition to organic production. In exchange, the growers offers a 5-25% gross profit share after being certified organic, until 150% of the initial investment is returned.
NRCS Chief Matt Lohr:
“Give our partners the opportunity to think outside the box to think about what can we do to make conservation more impactful heading into the future and if we invest some money now being able to create some opportunities, the goal is that research will prove to be beneficial and we can replicate it across the country”
Lohr says about $12.5 million dollars in grants were awarded. There’s a wide variety of projects from the Perennial fund loans to cover crop projects and pollinator enhancement projects to conservation incentives to help historically underserved forest owners.