 The Beginning Farmer and Rancher Individual Development Account (BFRIDA) program, authorized in the 2008 Farm Bill, matches the savings of and provides financial education to agricultural entrepreneurs.The objectives of BFRIDA are to promote local economic development in rural communities; increase farming opportunities among individuals who may be new to this country or otherwise lack collateral; and strengthen food security and independence.BFRIDA allows up to $3,000 of an individual farmer or ranchers' savings to be matched by local IDA providers at a 1