Skye Germany and Amy Kinge jointly received the Chris Lewis Award at an event hosted in east Norfolk by Richard Hirst, chair of the Norfolk Farmers Trust. The trust sponsors the award with the Clan Trust.
The awards were presented by Mr Lewis' widow Jane Lewis, who praised the high standard of the six finalists and said the winners could not be separated.
āThe enthusiasm and entrepreneurship are really encouraging. Chris would have been very pleased to see how the next generation is managing to step up to develop their businesses, particularly when we all know that farming isnāt easy,ā she said.
Amy Kinge, 27, from Wilby, near Snetterton, has a flock of 150 sheep plus five cows, and also works self-employed for another livestock farmer with sheep and cattle. She will put the money towards a sheep handling system for her own livestock and, on a contract basis, with other farms.
āI was surprised to win. There was massive competition, and I wasnāt expecting such a good result,ā she said.
"Winning this is huge. Without the money it would take such a long time to be able to save up to be able to have new equipment.ā
Skye Germany, 29, from Hainford near Norwich, looks after 1,500 pigs for BQP and has a herd of 50 cattle, mainly pedigree Simmentals.
She is not from a farming family but became interested in livestock farming after meeting Jack, her future husband, aged 17.
āIt was a big shock to win and Iām very pleased,ā she said.
Ā āThe money will pay for an AI course so I can artificially inseminate my own cattle and get a better bloodline and performance. Iām hoping to get a mobile handling system as well.
āSupport like this is huge, because itās quite hard to get into farming and farming in general has got harder over the years.ā
The two winners receive Ā£3,000 each now, with the remainder of the award given later, following a progress report to the trustees.
Awards organiser Roger Long said: "The standard of entries was very high, but the two winners stretched the bar a little more - both very fluent presentations and both worthwhile schemes.ā
The other finalists were Sommer Souter, Holly Lutkin, Jack Fletcher and Daniel Starkings.