USDA expands microloans for farmland purchase
USDA announced today that the U.S. Department of Agriculture is offering farm ownership microloans. This opportunity creates a new financing avenue for farmers looking to purchase new property or to improve current property. Especially beneficial to beginning, undeserved, and veteran farmers, the program is open for farm land and building purchases as well as soil and water conservation improvements. With a maximum of $50,000 to qualified producers, these microloans can make a large impact for small and medium sized farming operations.
Interested in learning more?
Contact your local FSA agent for information about the microloan program and to see if you are eligible.
Prosperity has resources for beginning farmers, contact us today to learn more and to talk with a member of our team.