The CDFA Ohio Financing Roundtable is Back!
Join CDFA on September 14, 2022, in Columbus, Ohio for a one-day conference to share best practices within the development finance industry. Experts from across the state will discuss the latest and most innovative development finance tools, authorities, resources, and approaches, and how these can affect the Ohio economy going forward. If you have a stake in Ohio's economic development finance industry, you won't want to miss this event. Space is limited, register today!
How the Climate Deal Could Help Farmers Aid the Environment
The climate deal achieved by Senate Democrats could lower the high levels of methane emissions from cows and increase programs that help reduce the number of greenhouse gases produced by American farms. The law provides more than $20 billion to increase initiatives to assist farmers in turning their soil less frequently, implementing climate-friendly crop rotation techniques, and planting cover crops that don't yield anything but better soil.
AppHarvest Announces $50M in USDA-Guaranteed Funding for High-Tech Indoor Farm
AppHarvest, Inc. is a sustainable food company, public benefit corporation, and Certified B Corp building high-tech indoor farms to grow affordable, nutritious fruits and vegetables at scale while providing good jobs in Appalachia. The company recently announced that it secured $50 million across two loans guaranteed by the United States Department of Agriculture through Greater Commercial Lending for a 30-acre farm in Somerset, Kentucky .
$13M in Tax Credits for Pennsylvania Farmers' Improving Water and Soil Quality
Secretary Russell Redding announced the availability of $13 million in tax credits to Pennsylvania farmers for measures to improve soil and water quality. Tax credits through Pennsylvania's innovative conservation financing program, Resource Enhancement and Protection (REAP), can be combined with other state funding to help grow a sustainable farm economy.
Capital Help Crucial for Beginning Farmers
Getting started can often be the hardest part of any operation, but resources for young and beginning farmers are available. Programs such as loans and tax credits help farmers in acquiring agricultural property by offering reduced rates and assisting in the purchase of agricultural land, depreciable machinery, or equipment and buildings.
Want to Support Regen Ag? Invest in Mission-Aligned Infrastructure
Croatan Institute's new report — Investing in Regenerative Agriculture Infrastructure Across Value Chains — details the importance of supporting small-to-mid-scale, mission-aligned infrastructure to process, transport, and market regenerative food products. The report identifies financing opportunities and pathways to building resilient value chains for regenerative farms.
$12.7M Bond Proposal for New Gym, Agriculture Barn at a Michigan High School
Montague Area Public Schools in Muskegon County, Michigan has a 24-year, $12.7 million bond proposal on the August election ballot that would allow the district to build a new gymnasium and agriculture barn at the high school. Montague's agriculture barn will be used by students across all grade levels district wide to provide hands-on experience in learning about farming, nutrition, biology, and the business of agriculture.
USDA Invests More Than $14M to Support Agricultural Workforce Training for Historically Underserved Communities to Bolster U.S. Meat and Poultry Sector Resilience
The U.S. Department of Agriculture (USDA) announced an additional investment of more than $14 million to support agricultural workforce training in historically underserved communities which will increase the resilience of the U.S. meat and poultry processing sector. This investment is part of the Biden-Harris Administration's ongoing efforts through the American Rescue Plan to strengthen the nation's food supply chain by promoting fair and competitive agricultural markets.
PepsiCo Issues Green Bond with Focus on Regenerative Ag, Plastic Waste, Water Impacts
PepsiCo has closed on a $1.25 billion 10-year green bond that the company will use toward decarbonization of its operations, plastic waste reduction, regenerative agriculture, and pursuing net-positive water impact. A top use of the funds will be toward adopting regenerative agriculture practices across its supply chain, including watershed enhancement, reduction in fertilizer use, farmer training, and improvement projects.
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