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NMSDC Announces First Cohort of Black Farmers Equity Initiative

NEW YORK, Jan. 10, 2023 (GLOBE NEWSWIRE) — The National Minority Supplier Development Council (NMSDC) is excited to announce the first cohort of the Black Farmers Equity Initiative. The joint venture from NMSDC and Cargill is aimed at advancing agricultural supply chain access for Black farmers. This collaborative initiative aims to create a pathway for emerging Black farmers to achieve parity in the agriculture industry with learning solutions, certification, lending, networking, and new contracts. The 11 members of the first cohort are:

Increasing the numbers of Black farmers in the U.S. agricultural industry is an essential part of achieving NMSDC’s mission of eliminating the racial wealth gap within the next 50 years. We are excited to work with these incredible farmers as they grow their businesses, build generational wealth, and provide much needed resilience to our nation’s agricultural supply chain,” said Jetheda Hernandez, senior director, strategic alliances and programming at NMSDC.

Members from the first cohort of the Black Farmers Equity Initiative will complete an eight-week learning curriculum focused on growing their capacity to take on major national contracts with NMSDC’s corporate members. Members will also receive strategic business support including complimentary NMSDC certification.

About NMSDC
Founded in 1972, NMSDC is the longest-operating business growth engine for the broadest group of systematically excluded communities of color (Asian-Indian, Asian-Pacific, Black, Hispanic, and Native American), and our impact goes far beyond the supply chain. It’s about upward mobility for the emerging majority of Americans, an equal shot at participating in the American experiment of free-market capitalism and entrepreneurship. Our work is about correcting the unequal access to wealth-building opportunities. For more information, please visit nmsdc.org.

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Jered Weber
National Minority Supplier Development Council, Inc.
701.388.7283
jered.weber@nmsdc.org