FARM BUSINESS NEWS
USDA Unveils New Microloan Program
Marcia Zarley Taylor DTN Executive Editor
Tue Jan 15, 2013 02:02 PM CST

HADDONFIELD, N.J. (DTN) -- Traditional Farm Service Agency credit programs have been mothballed or terminated by uncertainty because of federal budgets and inaction on a permanent farm bill, but Agriculture Secretary Tom Vilsack pledged to ease some of that limbo today by announcing a new microloan program targeted at start-up farm operations.

In a press briefing with reporters, Vilsack noted a "remarkable" surge in credit at FSA, with beginning farmers accounting for 40% of the record 128,000 loans made by the agency during the past four years. Still, one barrier was that beginners needed at least three years of farming ...

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