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
Land Report January 2015 Newsletter
Take a peek at our January newsletter to learn the following: Which invasive species threatens the Great …
Fish & Wildlife Announces Endangered Species Candidates
In October, U.S. Fish and Wildlife Service identified three new candidate species for protection under …
Sold! 13,440 Acres of Nebraska Farmland
Farmers National Company announced the sale of a 13,440-acre Keya Paha County farm. The transaction …
Elk Creek Ranch Acquires Seven Lakes
For those who are passionate about outdoor pursuits, the next great adventure can’t come soon enough.
