Welcome to the Food & Agriculture Finance Update
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MN Rural Finance Authority to Offer Zero Interest Loans
The Minnesota Rural Finance Authority (RFA) has lowered its interest rate on the Disaster Loan program to zero percent to help farmers cover the costs to replace and repair items lost or damaged due to flooding and not covered by insurance.
Grow Appalachia to Leverage Nearly $1M for Ag and Food Systems
As a program of Berea College, Grow Appalachia will work with partners throughout the southeastern Kentucky region to strengthen year-round growing efforts, agricultural economic development, and local food networks.
KY Agricultural Development Board Approves $1.8M in Funding
The Kentucky Agricultural Development Board approved $1,805,557 for 34 agricultural diversification and rural development programs across the commonwealth at its monthly board meeting.
USDA Awards $26M for Local Food and Direct Market Projects
The USDA awarded over $26 million in Farmers Market and Local Food Promotion Program (FMLFPP) grants to nonprofits, community based organizations, farmer co-ops, private businesses and local governments for more than 100 direct-to-consumer and local food marketing projects.
Nixon Budget Cuts Anger Agriculture Industry
Nixon cuts more than $4 million from state agriculture programs as part of a larger budget cut package. That included $2.9 million from the deferred biodiesel subsidy transfer and $1 million for the dairy revitalization program.
Healthy Food Financing Programs Across the Country
The Food Trust provides a list of healthy food financing programs across the country. This list includes all of the program's partners, funding sources, and types of financing.
USDA Announces $26M Investment to Spur Agricultural Innovation
Agriculture Secretary Tom Vilsack announced the investment of $26.6 million by the U.S. Department of Agriculture (USDA) into 45 projects that will spur innovative conservation initiatives on both rural and urban farms across the country. Public and private grantees will provide matching investments, bringing the total value of support to $59 million.
Food Hub Financial Benchmarking Study
Counting Values presents a set of financial and operational performance benchmarks for food hubs. This study aims to establish the basis for comparing results across a business sector that is both new and multipurpose.
Update to the RI Food Assessment: 2011-2016 and Beyond
This assessment from RI Food Policy Council describes the then-current capacity of RI's food system, identified priorities for the RI FPC and other stakeholders working to increase community food security, described the gaps in the state's food system and identified assets that could be leveraged to fill those gaps.