#NMSDC #Cargill #partner #Black #farmers #increase
NEW YORK, Oct. 21, 2022 (GLOBE NEWSWIRE) — The National Minority Supplier Development Council (NMSDC) and Cargill are launching a new learning program to advance agricultural supply chain access for Black farmers. This collaboration advances the Black Farmer Equity Initiative and will help increase diverse suppliers for our corporate members in the food industry.
The first cohort of the program will include the owners of 10 emerging family-owned farms. Participants will complete an eight-week learning curriculum focused on growing their capacity to take on major national contracts with NMSDC’s corporate members. Learning topics will include:
- Getting certified as a minority business enterprise (MBE) and how it can open opportunities for Black farmers.
- Accessing capital, getting capital ready, and leveraging micro-loans.
- Addressing issues of growth specific to the farming industry such as storage, putting acreage into production, and equipment management.
- Building negotiation skills.
- Developing a plan for and managing growth.
- Reviewing opportunities and challenges shared by corporate members.
At the conclusion of the learning program, participants will also receive valuable ongoing business support including:
- Being connected through a customized online learning community so they can network and build relationships with each other.
- Receiving assistance in completing the certification process with NMSDC, with certification fees covered by this program.
- Having the opportunity to apply for growth-oriented micro-loans through a Business Consortium Fund opportunity specifically for farmers in the program.
- Participating in four mentoring and matchmaking sessions with participating corporate members assisting to create direct relationship-building and contract opportunities. Mentoring will focus on navigating the procurement process and responding effectively to requests for proposals.
“This program recognizes the importance Black farmers play in creating a…
Read on GNW: NMSDC and Cargill partner with Black farmers to increase
