The programme will develop over two years, where attendees will attend a series of events to learn about dairy industry politics, advanced farm management, financial management and effective communication.
The aim is to provide the group with the practical tools and confidence to provide a future to the troubled industry.
Mike Gallacher, chief executive, First Milk said: "The investment from Nestle in supporting the long term sustainability of UK dairy farming goes well beyond other businesses in many areas.
"The launch of the Nestlé Next Generation Farmer Program demonstrates that long term commitment in providing outstanding development for our best young farmers of the future.
"This initiative is even more important taking place as it does against a hugely challenging context for UK farmers.
"It is critical that our future farmers have the best possible training and development so they can step up and compete what will be an increasingly global and competitive future."
The programme will focus on a small group of First Milk Farmers supplying to Nestlé’s factories in Girvan, Scotland and Dalston, Cumbria.
The farmers will take part in a number of activities to improve their knowledge of the global dairy industry and give them a greater understanding of the dairy supply chain from field to consumer.
The participants will also get the chance to visit Nestlé’s UK factories to learn about the company’s supply chain and how the quality of their milk impacts production performance.