Beekman 1802 is ready to give away $20,000 to one small American farm. Additionally, we will be awarding an additional $2000 Readers Choice award determined by the number of votes each farm profile receives. Entries are due by July 18th at 11:59 pm. Winners of both awards will be announced sometime between July 20th and July 25th.
To apply, please review the official rules below and fill out the profile application.
Beekman 1802 is looking to assist small farms who have a viable, future focused, growth-oriented business strategy. (For farms facing immediate financial crises, please click here for an organization better suited to help.)
In general, the Mortgage Lifter program is open to any agricultural business that fits the USDA definition of a Family Farm:
- produces agricultural commodities for sale in such quantities so as to be recognized in the community as a farm and not a rural residence;
- produces enough income (including off-farm employment) to pay family and farm operating expenses, pay debts, and maintain the property;
- is managed by the operator;
- has a substantial amount of labor provided by the operator and the operator's family; and
- may use seasonal labor during peak periods and a reasonable amount of full-time hired labor.
(For exact language, see 7 U.S.C. 1941.4,1943.4).
Additionally, we require the farm to have been in operation for a minimum of three years.
Click here for complete official rules of entry.
Beekman 1802 is looking to assist small farms who have viable, growth-oriented business strategy. Applications will be judged on a combination of the feasibility and innovativeness of the applicant's plans, as well as their potential for success (as determined by the judges.)
Q. Are Beekman 1802 Mortgage Lifter Lifts intended to pay the mortgage for a farm?
A. No. Or at least not necessarily. The name "Mortgage Lifter" comes from an heirloom variety of tomato first bred in the 1930's. Beekman 1802 simply admires the spirit of the farmer who bred this great tomato and used innovation to pay off his debt. Our Mortgage Lifter Lifts can be used in any manner by the recipients to further their business goals, which may or may not include making a mortgage payment or paying off debts.
Q. Is Beekman 1802 Mortgage Lifter a charity?
A. No. Beekman 1802 is a small business passing along a portion of their profits to help other farmers. Mortgage Lifter Lifts are subject to any applicable federal, state and local taxes.
Q. Can I donate to Mortgage Lifter?
A. At this time, Beekman 1802 Mortgage Lifter is not a charity thus cannot accept tax deductible donations. However, you are more than welcome to offer your own "Mortgage Lift" to any of the applicant profiles found on this site - either through purchasing their goods and services, or direct financial gift. Please contact us if you would like to have a sponsored gift added to the Mortage Lifter Program. And of course, every purchase of a Mortgage Lifter product you make increases the amount we are able to give away.
Q. In order to apply, does my farm need to be certified organic / non-gmo / free-range / anti-biotic free / biodynamic / etc?
A. No. Beekman 1802 recognizes the difficulties many small farms face in qualifying for certain certifications. We simply require all farms to practice good stewardship of the land and humane treatment of all animals both qualities defined and determined by the Mortgage Lifter judging panel.
Q. How is the Mortgage Lifter Lift amount calculated?
A. Beekman 1802 calculates the amount of the Mortgage Lifter Lifts based on a portion of the profits generated by its Beekman 1802 Farm Pantry portfolio of products. (Up to 25% of profits.) Profits are calculated after cost of goods sold, minus a proportional percentage of Beekman 1802 salaries, marketing & overhead costs. Disbursements will be made when this percentage aggregates to $20,000 or more, at the discretion of Beekman 1802.
Q. Where can I buy Mortgage Lifter Products?
A. You can either purchase Mortgage Lifter Products directly from Beekman 1802 or in select Target stores nationwide.