USDA With a New Microloan Program
|Microloans up to $35,000 aim to assist small farmers, veterans, and disadvantaged producers|
|MEMPHIS, Jan. 15, 2013—Agriculture Secretary Tom Vilsack today announced a new microloan program from the U.S. Department of Agriculture (USDA) designed to help small and family operations, beginning and socially disadvantaged farmers secure loans under $35,000. The new microloan program is aimed at bolstering the progress of producers through their start-up years by providing needed resources and helping to increase equity so that farmers may eventually graduate to commercial credit and expand their operations. The microloan program will also provide a less burdensome, more simplified application process in comparison to traditional farm loans.|
The Farm Service Agency office that serves McDowell County is in Burke County, 130 Ammons Drive, Morganton, 828-439-9727.