Beginning Farmer and Rancher Individual Development Accounts Pilot Program Authorization Statute
The 2008 Farm Bill authorized the Farm Service Agency to administer the Beginning Farmer and Rancher Individual Development Accounts (BFRIDA) Pilot Program. The program will provide matching grants of up to $250,000 to eligible entities to establish pilot individual development account programs for beginning farmers with limited resources. Eligible programs must include financial training and matched savings accounts to help beginners save toward the purchase of farm assets.
Statutes and Ordinances
Level of Government
Beginning Farmers, Farm Bill, Farmland Affordability, Planning for Agriculture and Food Systems
7 U.S.C. § 1983b (2013).