Agtech Firm FBN Creates Fund to Reward Sustainable Farming

Agriculture technology firm Farmers Business Network and the nonprofit Environmental Defense Fund are trying to incentivize farmers to adopt more sustainable growing methods.

The two are starting a $25 million pilot fund that rewards farmers who meet soil health standards and use nitrogen fertilizer efficiently. Through the fund, 30-40 farmers will receive one-year lines of credit of up to $5 million with lower rates and fees.