"We appreciate Federated Farmers needs to look to the younger generation to come through into its ranks."
The deal was first announced at the Taranaki Federated Farmers AGM in New Plymouth in April.
"There's an increasing recognition that young farmers have a lot to offer," Federated Farmers chief executive Graham Smith told the meeting.
Four NZ Young Farmers members - Matthew Herbert, James Lawn, Nick Brown and Jessie Waite - now hold key positions within Taranaki Federated Farmers. It's hoped the joint membership will encourage the next generation to have input into decisions affecting their future.
"Young farmers are going to have to live with most of the rules and regulations being made now," said Federated Farmers membership manager Lyndel Stone.
"We want them to be involved in the rule-making process and understand what's happening and have an influence at that level."
The new cut-price membership is $150 and does not include all the benefits of a full membership.
Heavily discounted governance training and leadership courses are available to all members.