Today, August 10, 2009, United States Department of Agriculture (USDA) Secretary Tom Vilsack announced that the USDA is making an “unprecedented effort to use the department’s administrative flexibility to provide relief to individuals and businesses in struggling agriculture industries.”
According to the news release from the USDA, the Secretary has ordered both the USDA’s Rural Development and Farm service Agency to use all the means each agency has on hand to help the struggling agriculture industry. Among the type of assistance that will be provided includes an increased effort to deliver loan assistant to livestock producers and use the Rural Development Business and Industry Loan program to give needed relief to small agriculture-industry businesses and processors. The latter program is available for “cooperative organizations, corporations, partnerships, nonprofit groups; federally recognized Indian tribes, public bodies and individuals.
The American Recovery and Reinvestment Act made $1.7 billion available for business and industry loans. As stated in the news release, “[t]hese funds will be focused to create and retain quality jobs, and serve difficult-to-reach populations and areas hardest hit by the current economic downturn.”
For more information on the USDA’s efforts, see the news release issued by the department by clicking here.
According to the news release from the USDA, the Secretary has ordered both the USDA’s Rural Development and Farm service Agency to use all the means each agency has on hand to help the struggling agriculture industry. Among the type of assistance that will be provided includes an increased effort to deliver loan assistant to livestock producers and use the Rural Development Business and Industry Loan program to give needed relief to small agriculture-industry businesses and processors. The latter program is available for “cooperative organizations, corporations, partnerships, nonprofit groups; federally recognized Indian tribes, public bodies and individuals.
The American Recovery and Reinvestment Act made $1.7 billion available for business and industry loans. As stated in the news release, “[t]hese funds will be focused to create and retain quality jobs, and serve difficult-to-reach populations and areas hardest hit by the current economic downturn.”
For more information on the USDA’s efforts, see the news release issued by the department by clicking here.
Posted: 08/10/09
