The Maryland Agricultural & Resource-Based Industry Development Corporation’s (MARBIDCO) Maryland Urban Agriculture Commercial Lending Incentive Grant (“MUACLIG”) Program, offered with the financial support of Farm Credit, is designed to meet the financing needs of beginning urban farmers by providing an incentive for them to seek commercial lender financing for the development of their agricultural enterprises. The maximum amount of the grant is $7,500, calculated at no more than 20% of the project’s total cost and no more than 25% of the amount of the approved commercial loan for the project. (The minimum grant amount $1,000, with an approved commercial loan of at least $4,000.) The participation of a commercial bank, farm credit association or FSA in providing project financing is required.
Maryland Urban Agriculture Commercial Lending Incentive Grant
Beginning Farmer Grant Programs