Upper Shore Regional Council Farm Incentive Fund
This grant provides a 5% equity contribution to help Upper Shore Maryland farmers secure MARBIDCO loan-financed agricultural projects in Cecil, Kent, and Queen Anne’s counties.
Funder: Maryland Agricultural and Resource Based-Industry Development Corporation
Due Dates: Rolling
Funding Amounts: 5% of project hard costs, up to $5,000 (most MARBIDCO loans) or $15,000 (MRBIFF loans) per project
Summary: Supports eligible Upper Shore Maryland farmers by providing a 5% equity contribution to help meet down-payment requirements for MARBIDCO loan-financed projects.
Key Information: Only for projects in Cecil, Kent, and Queen Anne's counties; must be paired with an approved MARBIDCO loan.
Description
This fund is designed to support agricultural development in Maryland’s Upper Shore region—specifically Cecil, Kent, and Queen Anne’s counties—by providing a 5% equity contribution toward the hard costs of projects financed by MARBIDCO loans. The goal is to help farmers meet lender down-payment requirements and improve the credit quality of their loan applications, thus enhancing access to capital for new and established food and fiber-producing farms. The program is a partnership between the Upper Shore Regional Council (USRC) and the Maryland Agricultural and Resource-Based Industry Development Corporation (MARBIDCO).
