Berkshire Agricultural Ventures provides more than $ 1 million to support local farms and food production WWLP
GREAT BARRINGTON, Mass. (WWLP) – A Great Barrington nonprofit has provided more than $ 1 million in funding to farmers and food producers in Berkshires, Colombia and Dutchess counties in New York, and across Litchfield County, Connecticut.
Berkshire Agricultural Ventures (BAV) offers both grants and low interest loans. The revolving loan fund that offers flexible loans at 0-2% interest. Revolving Loan Fund capital is continuously recycled, creating a viable and reliable flow of support for agricultural entrepreneurs.
Thanks to BAV’s grant fund, the Resilience Fund, they have awarded more than thirty grants. This fund was launched in response to Covid-19 and the exacerbated effects of the pandemic on food producers in the region and now serves as BAV’s main grant fund. Grants are awarded on an ongoing basis for a variety of applications that match BAV’s strategic priority areas.
In addition, BAV has provided technical support, its most sought-after service, to more than sixty-eight farms. This includes a combination of in-house expertise, referrals to regional partners and experienced consultants; most often relating to long-term financial planning and accounting, as well as grazing and livestock management plans and agroforestry planning and implementation.
BAV says their combined programs and services have created over 100 jobs and retained over 2,500 acres of farmland under active management and preserved over an additional 500 acres of farmland.
Berkshire Agricultural Ventures is a 501 (c) 3 IRS tax-exempt non-profit organization whose mission is to support the development and sustainability of agriculture and food businesses by providing access to technical assistance and agile financing, including low interest loans, grants and other professional resources. BAV brings together collaborative funding and technical assistance for farmers and food manufacturers in the New York City, Massachusetts and Connecticut area using donations from individuals, foundations and businesses.
For more information about BAV and its programs, visit their website or contact Interim Director Glenn Bergman at [email protected] or 413.645.3594.