Tractor Supply Awards $850,000 in Grants Through Partnership With American Farmland Trust

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Tractor Supply Company and American Farmland Trust announce recipients of Brighter Future Fund grants

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• Tractor Supply Company and American Farmland Trust have awarded 85 farmers and farm families grants of $10,000 each to support their agricultural efforts. The grants were made possible through Tractor Supply's $850,000 donation in honor of the company's 85th anniversary.

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In honor of the Company’s 85^th anniversary, 85 farmers and farm families receive $10,000 grants to support agricultural efforts

BRENTWOOD, Tenn.--(BUSINESS WIRE)-- Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, and American Farmland Trust (AFT) announced today the recipients of AFT’s Brighter Future Fund grants. Through the fund, 110 farmers and farm families will each receive a grant of up to $10,000 to help them improve, maintain, expand and advance their farms.

Tractor Supply Awards $850,000 in Grants Through Partnership With American Farmland Trust (Photo: Business Wire)

The grant award announcement comes on the eve of National Farmer’s Day on October 12, recognizing the importance of America’s famers. This year, 85 of the 110 Brighter Future Fund grants were made possible through Tractor Supply’s $850,000 donation in honor of the company’s 85^th anniversary. The Company’s anniversary is also being commemorated with a special nationwide 85^th anniversary sale during the week of October 16.

AFT received 1,522 applicants from 48 states during the application period, an all-time high and nearly double the prior year’s applications. Priority was given to applicants who are starting their agricultural pursuits, veterans, socially disadvantaged, women or have limited resources. Funding was allocated for both professional services and equipment or infrastructure costs, with focus areas including improving farm viability, accessing farmland and adopting regenerative agricultural practices.

“Tractor Supply’s 85^th anniversary donation to AFT is demonstration of our ongoing commitment to agriculture across the nation,” said Mary Winn Pilkington, president of the Tractor Supply Company Foundation. “Farmers and farm families are the backbone of our country and the communities we serve. These 85 grant recipients fill us with tremendous optimism about the future of Life Out Here, and we are excited to see how these grants move their farms forward.”

This year’s grant recipients include:

• Daphne Bicaise of Daphodill Farm in Texas, a recent full-time farmer who currently grows vegetables with plans to add fresh-cut flowers and fruits in the spring. She will use her funds to purchase a greenhouse kit that will allow her to grow vegetables in a controlled environment for an extended period of time.
• Rachel Catlett of Brown Dog Farm in Wisconsin, a shepherd who uses regenerative farming practices to raise a fiber flock of heritage breed sheep and goats. She will use the grant for permanent fencing, barn repairs and animal handling equipment.
• Edward Dubrick of DuChick Ranch in Illinois, a veteran farmer who raises chickens, laying hens and turkeys through sustainable practices. He will use his grant to purchase a flatbed utility trailer, transport crates and additional freezers that will allow for more efficient processing as demand for the farm’s naturally-raised poultry products increases.

“As the Brighter Future Fund continues to develop and evolve year to year, the level of support and recognition this work receives is remarkable,” said Ashley Brucker, Deputy Director of Agriculture Conservation Innovations at American Farmland Trust. “This year’s record-breaking numbers were made possible not only by the generous contributions of Tractor Supply and other donors, but most importantly by the farmers and landowners who take valuable time to share the stories of their land, their background and their vision for the future. We aim to grow our outreach as long as needed for farmers to continue developing through innovation and commitment to agriculture.”

AFT created the Brighter Future Fund in 2020 to help farmers across the country start, grow and sustain farms in the face of myriad challenges, including COVID-19, severe weather and shifting markets. Launched with initial underwriting from Tillamook County Creamery Association, the program seeks to uplift, support and amplify the work of a wide range of farmers and is sustained by the support of AFT’s generous corporate donors, including Tractor Supply, and thousands of individual members of American Farmland Trust. Tractor Supply also contributed to the Brighter Future Fund in 2021 and 2022.

To learn more about Tractor Supply’s partnership with AFT and other agricultural organizations, visit TractorSupply.com/community.

About the Tractor Supply Company Foundation

The Tractor Supply Company Foundation is committed to supporting vibrant rural communities for all by investing in the future of Life Out Here through today’s youth and being a good neighbor in the communities Tractor Supply calls home. Founded in 2020, the Foundation’s priority areas include supporting agriculture education initiatives through longstanding partnerships with FFA and 4-H, caring for pets and animals and preserving land for future generations. The Foundation expands upon the charitable work of Tractor Supply Company, supporting causes that are important to customers and Team Members. In 2022, the Company donated over $15 million through direct giving, sponsorships, fundraisers and more. To learn more about The Tractor Supply Company Foundation, visit Corporate.TractorSupply.com/Community.

About American Farmland Trust

American Farmland Trust is the only national organization that takes a holistic approach to agriculture, focusing on the land itself, the agricultural practices used on that land, and the farmers and ranchers who do the work. AFT launched the conservation agriculture movement and continues to raise public awareness through our No Farms, No Food message. Since our founding in 1980, AFT has helped permanently protect over 6.8 million acres of agricultural lands, advanced environmentally-sound farming practices on millions of additional acres and supported thousands of farm families.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231011499867/en/

Mary Winn Pilkington (615) 440-4212

Tricia Whittemore (615) 440-4410

corporatecommunications@tractorsupply.com

Source: Tractor Supply Company

FAQ

What is the Brighter Future Fund?

The Brighter Future Fund is a program created by American Farmland Trust to help farmers start, grow, and sustain their farms.

How many farmers received grants?

85 farmers and farm families received grants.

How much is each grant?

Each grant is up to $10,000.

Who is eligible for the grants?

Applicants who are starting their agricultural pursuits, veterans, socially disadvantaged, women, or have limited resources are given priority.

What can the grants be used for?

The grants can be used to improve, maintain, expand, and advance farms, including professional services and equipment or infrastructure costs.

How many applicants were there?

There were 1,522 applicants from 48 states, which is nearly double the prior year's applications.

Who made the donation for the grants?

Tractor Supply Company made an $850,000 donation in honor of their 85th anniversary.

Is there a special sale in honor of the anniversary?

Yes, there is a special nationwide 85th anniversary sale during the week of October 16.

What is the purpose of the Brighter Future Fund?

The fund aims to help farmers start, grow, and sustain their farms in the face of challenges like COVID-19, severe weather, and shifting markets.