Tractor Supply to Award $10,000 Grants to 85 Farmers Through Partnership With American Farmland Trust
As part of Tractor Supply’s 85th anniversary celebration, $850,000 donation will fund grants to help farmers start, grow and sustain their farms and preserve agricultural lands.
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.
Why It Matters:
- 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.
The Back Story:
- As part of its year-long 85th anniversary celebration, Tractor Supply has made an $850,000 donation to support the AFT Brighter Future Fund.
- The funding is Tractor Supply’s largest contribution to AFT to date, building on its previous partnerships and support for the organization.
- The donation will provide 85 grants of $10,000 each.
- The grants aim to support historically underserved farmers or those who lack access to traditional funding methods.
- This is a flexible funding option that could make an impactful difference for a struggling or part-time farmer as they become stewards of the land.
- Tractor Supply Company is committed to supporting agriculture and America’s farmers. This is one of its core focus pillars of corporate giving, along with supporting education, pets and companion animals, land and nature conservation, and community outreach.
