cultivate.eat.sustain

@cultivEat

Microloans for small family farms

On May 23, 2012, the U.S. Department of Agriculture (USDA) announced that it is creating a new loan program that will offer loans for $35,000 or less.  The loan program is best suited for small family farms, which tend to be dedicated to organic agriculture.  It will help farmers avoid their reliance on high-interest credit cards  bank loans.  The USDA states that this expansion of credit options will help a new generation of farmers in what they report as “the most productive period in history for American agriculture”.

Agriculture Secretary Tom Vilsack said “leveraging USDA’s lending programs for beginning farmers and ranchers and smaller producers, we’re helping to rebuild and revitalize our rural communities.”

You can read the full announcement here.

Sources & links:

http://www.fsa.usda.gov/FSA/newsReleases?area=newsroom&subject=landing&topic=ner&newstype=newsrel&type=detail&item=nr_20120523_rel_0163.html

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Information

This entry was posted on May 23, 2012 by in Farm & Ag, food justice, food + ag politics.
%d bloggers like this: