Register Today for the 2023 Federal Policy Conference!
Reserve your spot at the 2023 CDFA Federal Policy Conference on April 11-12, 2023, in Washington, D.C. CDFA, with sponsorship by Ice Miller LLP and the National Development Council, will bring together leaders from the Biden administration, Congress, federal agencies, and the development finance industry to discuss the massive infrastructure investments made by the 117th Congress as well as the development finance challenges that state and local governments continue to face. Space is limited; act fast!
Farmers Business Network Offers Bridge Loans to Expedite Farmland Financing
Farmers Business Network (FBN) has added the Bridge Loan offering to its FBN Finance platform to expedite farmland financing small- and medium-sized farms. The bridge loan helps farmers compete against cash offers and larger ag companies and investors when securing land. The launch comes as FBN surpasses $1 billion in total capital lent to farmers.
CDFA is Excited to Share a New Croatan Institute Report - Soil Wealth Areas
CDFA was honored to serve on the advisory group for a new report - Soil Wealth Areas: Place-based Financing for Conservation, Rural Communities, and Regenerative Agriculture - a new model for special purpose financing districts that can facilitate more investment in regenerative agriculture, enhance conservation, and support resilient rural economies. Congratulations to Croatan Institute on this important project!
Governor's Budget Spurs Innovation, Grows Future of Pennsylvania Agriculture
Governor Josh Shapiro's budget proposal for the 2023-24 fiscal year makes critical investments in the future of Pennsylvania agriculture through funding to protect valuable farmland, furthering agriculture emergency preparedness and response, expanding fresh food resources, and increasing access to education.
Biden-Harris Administration Announces Actions, Investments to Create Fairer Markets
U.S. Department of Agriculture (USDA) Secretary Tom Vilsack announced the Biden-Harris Administration is investing $89 million across the country to finance the startup and expansion of independent meat processors. USDA also announced initial steps the Department is taking to create a more competitive marketplace for seeds and other agricultural inputs.
How Mad Capital is Changing the Trajectory of Regenerative Farm Finance
In an agricultural system where degradation is perpetuated by an antiquated financial system that incentivizes the status quo, financing options that meet the unique needs of farmers transitioning to regenerative or organic practices are limited. Enter Mad Capital, an operation committed to finding innovative ways to support regenerative and organic farmers in their financing journey.
Financing Kentucky's Meat Processing Demand
The Kentucky Agricultural Finance Corporation (KAFC), working in tandem with the Kentucky Agricultural Development Board (KADB), has invested over $13 million in Kentucky's meat processing industry over the past 20 years. A big portion of this investment has come in the past three years as the Kentucky Office of Agricultural Policy has expanded efforts to address processing capacity issues in the supply chain that came to light during the pandemic.
Sustainable Farmers See Promise in New Financing Options
Some small farms are rejecting expansion pressure by investing in long-term value. When the land and livestock are healthier, a farm needs fewer external inputs, such as fertilizers, feed or antibiotics. And that means fewer variable costs, smoothing the farm's financial peaks and valleys. Lenders investing in ecological health and tailoring loans to farms are crucial and scarce, but their numbers are growing.
Ohio Department of Agriculture Introduces Beginning Farmer Tax Credit
The Ohio Department of Agriculture (ODA) introduced a Beginning Farmer Tax Credit Program for those who've recently entered the field and those who help beginning farmers. Qualifying farmers will receive a 3.99% tax credit applicable to the sale of assets or to qualifying gross rental income.
Capital Farm Credit Offers Loan Programs for Texas Youth
Capital Farm Credit, the largest agricultural lending cooperative in Texas, offers three loan programs to support the next generation of agriculturists with financial assistance and other business advice, including the AgStart program and the NextGen Loan Program. The other program was just launched internally within Capital Farm Credit called the AgVista Loan Program.
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