
On May 22, Agriculture Secretary Sonny Purdue announced the move while reaffirming the Trump administration’s commitment to helping farmers and other rural businesses survive during the coronavirus pandemic. Going forward, USDA will offer 90 percent guarantees on Business & Industry CARES Act Program loans, setting the application and guarantee fee at two percent. Ag producers previously ineligible for USDA Farm Service Agency loans may now receive assistance under the USDA B&I CARES Act Provisions included in the Coronavirus Aid, Relief, and Economic Security (CARES) Act. All loans must be used as working capital with the goal of preventing, preparing for, or responding to the impact of the COVID-19 pandemic.
Click here to read more.
Warning: Undefined array key 0 in /home/domains/dev.landreport.com/public/wp-content/plugins/elementor-pro/modules/dynamic-tags/acf/tags/acf-url.php on line 34
Warning: Undefined array key 1 in /home/domains/dev.landreport.com/public/wp-content/plugins/elementor-pro/modules/dynamic-tags/acf/tags/acf-url.php on line 34
RELATED ARTICLES
2013 Corn Harvest Set to be a Record-Breaker
The Department of Agriculture is projecting that farmers will harvest a record corn crop of …
Land Report September 2014 Newsletter
Some exceptional transactions to highlight in our September 2014 Newsletter: SOLD! Oregon’s Six Shooter Ranch. SOLD! …
Kroenke Ranches Cracks the Top Ten
Football fans already know that Stan Kroenke became the majority owner of the NFL’s St. …
Elk Creek Ranch Acquires Seven Lakes
For those who are passionate about outdoor pursuits, the next great adventure can’t come soon enough.