The Greater Berkshire Agriculture Fund (GBAF) is a partnership between The Carrot Project and Salisbury Bank and Trust Company. The fund focuses on small and midsized farms and food system businesses using sustainable or organic practices or products and serving markets within the Greater Berkshire area. Food system businesses primariliy engaged in processing, storage or distribution of agricultural products are encouraged to apply.
The interest rate is the same as the Salisbury Bank commercial lending rate, currently 4.99%, please contact us or check the Salisbury Bank 'Business Smart' online information for an updated rate.
Application Deadline: Always the 1st of the month or the next business day if the 1st falls on a weekend or holiday.
You may submit your financials in any format, but if you would prefer a template for your financial statements, you may download one below.
Eligible borrowers are located within the four county region of Dutchess and Columbia, NY, Berkshire, MA and Litchfield, CT.
Food system businesses involved in processing, storage or distribution of agricultural products are eligible if:
Please contact us with any questions, or for assistance in developing your application for this program.
If you are interested in receiving updates about the Greater Berkshire Agriculture Fund or would like more information, please contact Benneth Phelps at bphelps(at)thecarrotproject.org or 413.650.6151.
Farm Financial Templates - Free Downloads
We've developed these free templates specifically for small farm financial planning. Use them for general or annual financial planning, to accompany a business plan, or to meet the requirements for historical and projected "Income Statements" and "Cash Flow Statements" as listed on The Carrot Project's loan application checklist. The monthly and yearly templates can be used together or independently; the monthly templates are most useful for looking at the past or future 12 months of your business in detail, while the yearly templates are most useful for summarizing your cash flow projections 2 and 3 years into the past or future.