NEWS
Chris Clayton DTN Ag Policy Editor
Wed Jul 23, 2014 11:06 PM CDT

CoBank to Lead New Rural Investment Fund

The Obama administration and a top executive in the farm credit system will announce an investment fund on Thursday set up to generate $10 billion in market loans in rural America.

The Rural Infrastructure Opportunity Fund could broaden investment in rural America, but it also could translate into communities paying higher interest rates to fund needed projects rather than waiting in line for potentially lower interest rates through USDA loans.

The announcement by Agriculture Secretary Tom Vilsack was designed to draw attention to an inaugural Rural Opportunity Investment conference that the White House ...

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