Farm to School (FTS) is a widely implemented public food procurement program in the U.S., and the number of state and Federal policies promoting it continue to grow. However, previous research has found inconclusive results associated with state-level policies. One reason may be that FTS adoption is associated with different stocks of community wealth (assets including human, social, and financial capital, net of liabilities). This research leverages the U.S. Department of Agriculture’s 2019 FTS Census, a new disaggregated database on state-level FTS policies, and a new comprehensive dataset of stocks of community wealth to assess this relationship. We find positive associations between cultural and social capital and FTS intensity (an index representing the extent of FTS participation), highlighting community assets that are often overlooked in community development programs. Further, we find that different types of state FTS policies are associated with FTS intensity; procurement policies have positive associations and education policies have negative associations. Results provide rationale for more nuanced consideration of local assets in prioritizing the types of FTS policy.