Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

AFBF American Farm Bureau Federation : Navigating the Federal Grant Maze Takes Time and Reflection

01/22/2016 | 05:20am EDT

ORLANDO, FLORIDA, January 11, 2016 - Deciding whether to apply for a federal grant - and when - for a farm or agribusiness requires significant foresight and self-analysis, according to grant-writing and rural entrepreneurship experts during a workshop at the American Farm Bureau Federation's 97th Annual Convention and IDEAg Trade Show.

Sometimes the effort is worth it, sometimes it may not be, advised the experts.

A value-added support team in Iowa is made up of agribusiness experts from Iowa State University, state government and other agencies. The group meets once a month to review confidential start-up proposals.

'It's kind of like 'Shark Tank,' but friendlier,' joked Denny Harding, Iowa Farm Bureau Federation's bio-economy manager and a member of the team.

'Our purpose is to help them discover their weaknesses and some of their opportunities,' Harding said. 'It really does seem to help a lot of these companies that want to get started. And sometimes you can do just as much by saying, 'Hey, this needs a lot of work and here's what you can work on,'' he said.

'Look at where you're going first. Focus on that goal and see what gives you the best bang for your buck,' was the advice of James Matson, owner of Matson Consulting LLC, a grant-writing specialty firm. 'The grant isn't the goal. The goal is to improve your business and gain money.

'You're often looking at a multi-year process and you can expect some failures along the way,' Matson said. He added that applying for a grant also involves considering whether you can accept whatever strings are attached to the money. Many times producers themselves come to realize that their time would be better spent growing their business in other ways, he said.

'We use grant programs as just one tool to help rural businesses grow,' said Christopher Cook, Virginia Farm Bureau Federation's assistant director of rural development. 'When working through the process of applying for a grant, applicants are learning a lot about their business, especially if one part of the application is a formal feasibility study.

'We often think the process is far more important than the grant,' Cook said.

There are a number of federal grants available from the Agriculture Department and other federal agencies. Some require mountains of paperwork; some are only four pages. USDA options include Value-Added Producer Grants, the Rural Energy for America Program and the Sustainable Agriculture Research and Education Program. There are also grants available to help improve farmers' markets and promote local food programs.

Connecting With American Farm Bureau
Follow us on Twitter (@FarmBureau), Facebook and Instagram.



Will Rodger Kari Barbic
(202) 486-6774 (559) 273-0620
willr@fb.org karib@fb.org

AFBF - American Farm Bureau Federation issued this content on 2016-01-11 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-22 10:19:15 UTC

Original Document: http://annualconvention.fb.org/navigating-the-federal-grant-maze-takes-time-and-reflection/

© Publicnow 2016
Latest news "Economy & Forex"
05:57pUK says substantial differences remain with EU over Northern Ireland trade
05:47pTesla increases model 3 standard range plus price by $2,000 to $43,990 – company website
05:47pTesla increases model y long range by $2,000 to $56,990 – company website
05:47pTesla increases model s long range price by $5000 to $94,990 – company website
05:46pTesla increases model x long range price by $5000 to $104,990 – company website
05:30pUk says talks with eu on northern ireland protocol have been constructive, but substantial gaps remain
05:24pMCX MULTI COMMODITY EXCHANGE OF INDIA : reports Net Profit of 32.66 cr. in Q2 FY21-22
02:55pU.S. CDC Reports Total Deaths Of 733,834 Due To Coronavirus As Of Yesterday Versus 731,931 In Previous Report On Oct 22
02:55pU.s. cdc reports total novel coronavirus cases of 45,316,210 as of yesterday versus 45,235,796 in previous report on oct 22
02:54pU.s. cdc reports total deaths of 733,834 due to coronavirus as of yesterday versus 731,931 in previous report on oct 22
Latest news "Economy & Forex"