Welsh young farmers can apply for a share of £1.75m from the Welsh Government.
The Young Entrants Support Scheme (YESS), which is now in its fifth year of operation, aims to attract more young people to farming.
Successful applicants could receive a one-off grant payment, access to training and mentoring services.
In order to apply, farmers must be based in Wales, be under 40 years of age, and setting up as the head of the holding for the first time or have set up as the head of the holding in the last 12 months.
“Here in Wales we need a farming industry that has the skills, ability and knowledge to innovate and modernise whilst also keeping our traditional skills and culture alive,” said Welsh farm minister Alun Davies.
“Key to this is attracting new blood into the farming industry and providing our new entrants with the guidance and support they need to succeed,” he added.
Since its launch in 2010 the YESS scheme has seen nearly 500 young and new entrants benefitting from over £7m in financial support.
The application window opens on 30 September and farmers have until 20 November to apply.
To access more information on YESS and the relevant application documents go to www.wales.gov.uk/farming.
For more on opportunities for young farmers, see our young farmers page.