Skip to content

Agtech Firm FBN Creates Fund to Reward Sustainable Farming

Farmers Business Network, Environmental Defense Fund start fund rewarding farmers who cultivate soil health

Better Weather Cools Crop Rally As Corn And Oilseeds Sink
Photographer: Daniel Acker/Bloomberg

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.