World first farmer incubator launched in Victoria
What is believed to be the world’s first farmer incubator program is launching in 2020 and applications are open now. Cultivator is the name of the program and is an initiative of Cultivate Farms, which matches the best next generation aspiring farmers with farm investors to own and operate a farm together.
Sam Marwood, Cultivate Farms Managing Director says that Cultivator has a farm investor ready to back the best aspiring farmer to co-own a farm with them. All farmers participating in Cultivator will receive the skills and resources to pitch to farm investors.
“The Cultivate Farms team have met with hundreds of aspiring farmers whose dreams of owning and running their own farm have been squashed, because they don’t have access to the millions of dollars needed to buy a farm,” says Sam.
Claire Coates, along with her husband Marc, are the farmers who were matched to a farm investor, for the first iteration of Cultivator in 2017. She says that the barriers to young people owning farms are complex.
“We knew that we wanted to own our own farm,” says Claire. “Through approaching our dream to own a farm like an entrepreneur, Cultivator made it possible to value of farm opportunity and pitch this directly to a farm investor. Cultivator is an amazing opportunity for any aspiring farmer who wants to realise their farm ownership dreams.”
10 aspiring farmers will be taken through the program to develop a farm pitch, financial model and pitch video which will then be assessed by the investor. The program runs for 6 months and is focused on Victorian farmers.
For more information about Cultivator visit www.cultivatefarms.com/cultivator. Applications from aspiring farmers are open now and close 30 October 2019.