Loans | ąű¶ł´«Ă˝ Our Members Bring Choice, Value & Innovation to Agriculture Mon, 18 Sep 2023 17:15:38 +0000 en-US hourly 1 https://wordpress.org/?v=5.2.4 /wp-content/uploads/2023/09/fema-favicon-75x75.png Loans | ąű¶ł´«Ă˝ 32 32 Rural Energy Program Awards $266 Million to 47 States /news/rural-energy-program-awards-266-million-to-47-states/ Fri, 08 Sep 2023 22:38:54 +0000 /?p=24812 Agriculture Secretary Tom Vilsack announced USDA is awarding $266 million in loans and grants for agriculture producers and rural small businesses. He made the announcement during speech last week at the Farm Progress Show in Decatur, IL. The new investments will support 1,334 renewable energy and energy efficiency projects in 47 states, Guam and Puerto Rico. 

Those investments are being awarded through the , with additional funds coming from the Inflation Reduction Act. Vilsack says the investments will help producers and businesses lower their energy costs, generate new income, and strengthen the resilience of their operation.

“They help farmers lower their costs in terms of their own power needs, and also potentially create more revenue on the farm,” he says.

Creating new farm revenue is a theme the Secretary continues to tout. He believes it may be the biggest issue facing agriculture today.

American farms posted record revenue in 2021 and 2022. However, due to agriculture consolidation, 7.5% of the nation’s farms accounted for 89% of American farm revenue. That left nearly 2 million farmers earning only 11% of the nation’s total farm income.

He says that many farmers face the tough choice of either getting bigger or getting out of agriculture. Unfortunately, huge expansion is usually not an option for the nation’s small and mid-sized farmers. Instead, many people are forced to sell their farms and move to bigger cities for jobs. This slowly erodes rural communities, forcing business to close and schools to consolidate. Hospitals close, weakening medical care in small towns.

“Are we satisfied with that?” Vilsack rhetorically asked the crowd. “I don’t think we are, and I don’t think we should be.”

By promoting new revenue streams like climate smart agriculture, carbon sequestration, and sustainable aviation fuels, Vilsack believes farmers can tap into new markets and generate additional revenue. He says the Biden administration is committed to establishing programs that make it profitable for farmers to pursue these options. He noted that the Biden administration has now invested $9.7 billion to help rural electric cooperatives transition from fossil fuels to renewables.

“They’re going to need farmers to provide the renewable energy source,” Vilsack said.

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Farm Grants Available for Females /news/farm-grants-for-female-farms/ Thu, 01 Jun 2023 21:38:14 +0000 /?p=23439 Farm grants are for farmers who need help managing their crops and livestock, buying new equipment, or building other infrastructure. You can also use them for conservation efforts such as soil erosion control or waterway management. For female farmers, the USDA offers a Women and Minorities Farmers and Ranchers Program. This program provides guidance and financial assistance to help these farmers increase their operations while protecting their lands.

Grants may provide funding to cover the cost of seed, fertilizer, labor, farm-related education programs and seminars, capital investments in agricultural machinery or buildings, and even marketing assistance. These grants can help farmers establish new farms, expand existing ones, or sustain current operations. 

Statistics have proven that female farmers are under-represented in the agricultural field lately. The USDA has recognized this discrepancy and offers many farm grants for women to help level the playing field. Here are several grants available to female farmers in 2023:

1. Minorities and Women Farmers And Ranchers Loan

The Women and Minorities Farmers and Ranchers Program is designed to give disadvantaged farmers better access to the same opportunities as other farm operators.Ěý Ěý

2. USDA Socially Disadvantaged Groups Grants

The program awards grants to eligible individuals and businesses to help them purchase land, equipment, and supplies as well as receive training and technical assistance.

3. The Beginning Farmer and Rancher Development Program (BFRDP)

Ěýprovide grants to both men and women interested in starting agricultural operations and provides, mentoring, business planning, financial analysis, market research analysis, enterprise development, and access to capital.

4. Farm Service Agency (FSA) Microloan Program

The FSA offers microloans designed to meet the needs of small to mid-sized farmers (both men and women) and provides financial assistance to small, beginning farmer/rancher, women farmers, and veterans, to help them purchase necessary equipment, livestock, and cover expenses related to farming operations.

5. WAMS Grants for Women

The program provides funding for research and extension activities in the training, outreach and mentoring of rural women and underrepresented minorities from rural areas in STEM fields.Ěý Ěý

6. Amber Grant Foundation

The Amber Grant Foundation is a program that began in 1998. It was set up in honor of Amber Wigdahl, a young woman who died at the age of 19 before she could realize her business dreams.Ěý The foundation is dedicated to continuing Amber’s legacy by helping other women achieve their business goals.

7. Tory Burch Foundation

This foundation provides resources for women entrepreneurs, but it’s not specific to agriculture. The foundation aims to advance women’s empowerment and entrepreneurship by providing resources and programs that invest in the success and sustainability of women-owned small businesses. 

8. Risk Management Education Farm Grants for Women

Farm grants for women are an important opportunity in risk management. These grants provide vital resources to female farmers, helping them increase yields and improve their operations. The grant funds can be used towards investments in new technologies, expansion of existing investments, or premium payments on crop insurance premiums.

Conclusion

Through these programs, women farmers can build successful farms and take advantage of the same opportunities as other farm operators. With USDA’s commitment to providing access to all Americans, we look forward to seeing more female farmers succeed in 2022.

For more information on the specific grants check out

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