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Food and Agriculture Finance Update - July 10, 2018

CDFA Food and Agriculture Finance Update
July 10, 2018
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CDFA Food & Agriculture Finance Update


CDFA & The Rhode Island Food Policy Council Launch Partnership
With funding from the Kellogg Foundation, CDFA is researching how DFA's can become more engaged in developing localized food systems through traditional finance. CDFA is partnering with The Rhode Island Food Policy Council to develop and produce a pilot project that utilizes development finance tools for a food related development.

Senate Passes Legislation to Legalize Hemp as Agricultural Commodity
The Senate passed legislation on Thursday that would legalize hemp as an agricultural commodity. The bill, a key priority of Senate Majority Leader Mitch McConnell (R-Ky.), was included in a mammoth farm bill that cleared the Senate 86-11. The bill would legalize hemp, removing it from the federal list of controlled substances and allowing it to be sold as an agricultural commodity.

VT EDA Approves Business and Agriculture Loans
The Vermont Economic Development Authority (VEDA) recently approved $10.9 million in loans to help support commercial, agricultural, small business and energy projects throughout Vermont.

U.S. Senate Passes Sweeping Farm Bill
The U.S. Senate has passed its version of the $428-billion farm bill, setting up a bitter fight against the House. The vote was 86-11, an overwhelming majority that reflected a bipartisan desire to rush relief to farmers confronting low food prices, rising suicide rates and an array of other troubles.

Boston, MA Urban Farm Supported by HTCs
An 18th-century Mattapan property is now a modern urban farm facility operated by the Urban Farming Institute and is open to the public after a grand reveal of its restoration Monday night.

New Loan Program Will Support ME Farmers
The maximum loan amount is $25,000, and loans can be taken out at a one percent fixed interest rate for a term of up 30 years. Loans can fund up to 90 percent of projects costing $100,000 or less, and up to 75 percent of projects costing over $100,000.

How KS is Using Regional Food Demand to Revitalize Rural Communities
This report, by Bob Heuer and the National Sustainable Agriculture Coalition, details how Kansans are leveraging the growing demand for local/regional food produce to revitalize rural communities and strengthen family farms.

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Food & Agriculture Finance News

EPA Provides Nearly $70 Million Loan for Omaha Water Infrastructure Upgrades
United States Environmental Protection Agency | Jul. 9 | Food Systems Finance

Senate candidates stressing farm issues
News Press Now | Jul. 9 | Food Systems Finance

FARM BILL: Producers Have High Hopes for Cotton as Legislators Ready for Conference Committee
KCBD | Jul. 9 | Food Systems Finance

Cornell and Solar Developer Form Partnership for $100,000 Pollinator Study
Ithaca Journal | Jul. 9 | Food Systems Finance

$900K USDA Grant will Further Study of Food Physics and Manufacturing
Cornell Chronicle | Jul. 3 | Food Systems Finance

For City's Poor, Salem Is A Food Desert
Salem Patch | Jul. 3 | Food Systems Finance

Startup Farmshelf Aims to Let Restaurants, Homeowners Grow Their Own Veggies
USA Today | Jul. 3 | Food Systems Finance

NMB Bank Sources $15 Million Line of Credit Facility for Exporters
Bulawayo | Jul. 3 | Food Systems Finance

Dane County, WI, Providing Funding for Food Access
Madison365 | Jun. 12 | Food Systems Finance

Development Authority of the North Country Receives $500K for Farmer Certification
The Post Star | Jun. 12 | Food Systems Finance | Agriculture Finance

The Council of Development Finance Agencies (CDFA) is a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation's leading and most knowledgeable members of the development finance community representing public, private and non-profit entities alike. For more information, visit www.CDFA.net or email info@cdfa.net.

Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300


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