Financial Resources

Bridge Loans for Farmers & Ranchers involved in Soil Health Projects

NM Healthy Soil is offering financial resources in the form of low interest loans to farmers and ranchers who receive Healthy Soil Program grants from the New Mexico Department of Agriculture (NMDA):

NMDA’s Healthy Soil Program grant funds are not paid up front. Grantees must purchase approved project items first, then seek reimbursement by invoicing and providing related receipts through their project sponsor. NMDA encourages grantees to invoice early and often so they can be reimbursed frequently throughout the grant term.

New Mexico Department of Agriculture

With bridge funding through NM Healthy Soil grantees don’t have to go out of pocket to start their healthy soil project. Once the grant award dollars are received they pay off their bridge loan in a seamless transaction.

NMDA’s Healthy Soil Program is currently accepting applications from Individual Applicants. Individual Applicants include individuals, businesses, and nonprofits directly engaged in farming, ranching, and other forms of land management. Visit the Healthy Soil Program website for more information and to apply.

Instead of conventional credit metrics, NM Healthy Soil in partnership with Nusenda Credit Union is using a relationship based lending model to qualify these low-interest bridge loans:

Nusenda Credit Union’s Co-op Capital is a relationship-based, micro-lending program that was created as a solution to financially empower individuals who might not qualify for traditional lending opportunities, and spur economic development. The Co-op Capital program flips the traditional lending model and bases lending on trusted relationships between partner organizations – such as nonprofits, community organizations, and educational institutions – and individuals in the communities they serve.

Nusenda Credit Union

By providing this bridge funding, NM Healthy Soil aims to strengthen New Mexico agriculture, expand diversity within farming, and increase participation from young and beginning farmers and ranchers.

Loan Amount: Up to $10,000

Interest Rate: 0 – 5%

NM Healthy Soil’s loan program was piloted in 2022 and positively received by participating farmers and ranchers.

The process is quick and easy

The process is quick and easy. I would definitely recommend it to others interested and I would recommend the program be expanded in the future because it just makes so much sense.
Rachael Ryan
Backyards Farms LLC, Las Cruces

We are very grateful

We are very grateful that the bridge loan program has been initiated for the Healthy Soil Program! As a grantee, we were only able to fund the upfront costs for our vision and project through this coordinated effort. At the end of this season, the micro-ecosystem of our land and farm will be healthier due to this innovative and important public-private relationship!
Erin Ortigoza
Ancient Waters Farm, Española

Our partners:

New Mexico Department of Agriculture