The Minnesota Department of Agriculture (MDA) is announcing a new Farm Business Management (FBM) Scholarship Program, funded through the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act.

Nearly $250,000 in scholarships will be available to farmers negatively affected economically by COVID-19. Priority will be given to farmers engaged in any stage of mediation or bankruptcy between March 2, 2020 and December 30, 2020.

An estimated 350 Minnesota farmers are currently distressed due to COVID-19 impact, including farmers in mediation, bankruptcy, foreclosure, and debt restructuring.