USDA Announces New Micro-loan Program

The USDA has launched a new program that will provide micro-loans of up to $35,000 to small, beginning, and socially disadvantaged farmers. The program aims to help producers pay for start-up expenses (like hoop houses for season extension, essential tools, irrigation, delivery vehicles, etc.) and annual expenses (seed, fertilizer, utilities, land rents, marketing, and distribution costs). The USDA has purposely simplified the application process for this program, making it less burdensome in comparison to traditional federal farm loans.

If interested in applying for a loan, contact your local Farm Service Agency (FSA) office. For more information, see this fact sheet on the FSA’s website.

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