National Young Farmers Coalition Releases Finding Farmland Calculator
The Finding Farmland Calculator combines innovative design with practical resources to help farmers overcome two top obstacles when looking to gain access to land and capital. Developed by the National Young Farmers Coalition and Fathom Information Design, this decision-making tool makes it easy for farmers to understand and compare farm financing options, determine what they can afford, and prepare to work with a loan officer.
“Buying land is one of the most consequential decisions that a farmer can make,” says Lindsey Lusher Shute, executive director and cofounder of NYFC. “We built the Finding Farmland Calculator to help farmers make that choice with more confidence. The tool helps users understand their financing options, the full cost of buying land, and strategies to make a farm more affordable.”
“Purchasing farmland can be remarkably complex,” says Ben Fry, principal of Fathom. “We worked with NYFC to provide perspective on affordability in a way that’s simple and clear. This updated tool captures all the details of the process and helps current and aspiring farmers identify their best possible scenarios.”
The calculator was created in consultation with young farmers and farm service providers, such as Farm Credit, to provide farmers free and easy access to information that will help them find affordable farm financing and successfully pay it back.
Land Access Campaign
Young farmers cite land access as their top challenge. With nearly 100 million acres of the nation’s farmland expected to change hands in the next five years, NYFC is focused on making secure, affordable access to land possible for the next generation of farmers and ranchers. NYFC’s Finding Farmland Calculator is part of a larger land access campaign strategy, which includes farm bill and state policy advocacy, land access workshops for farmers, a land access webinar series, and a series of trainings for land conservation professionals around the country.
A grant from the USDA National Institute of Food and Agriculture through its Beginning Farmer and Rancher Development Program helped fund this project. The program supports projects that develop and offer education, training, outreach, and mentoring programs to enhance the sustainability of the next generation of farmers.
To learn more about the National Young Farmers Coalition, visit youngfarmers.org.