New Microloan Program for Farmers?
May, 2012: Agriculture Secretary Tom Vilsack recently announced a proposed rule for a new microloan program that would be part of the suite of credit options available to farmers through the Farm Service Agency (FSA). The new program would allow FSA to make smaller loans, with a principal balance of up to $35,000, and would streamline the application process to require less paperwork for farmers. Read here…
This could be an important step in helping beginning farmers find financing. Check out the article from the Sustainable Agriculture Coalition by clicking the link above!
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