May 15, U.S. Agriculture Secretary Tom Vilsack announced the USDA plans to revive a dairy subsidy program called on by lawmakers who wish to help dairy farmers suffering with drops in commodity prices and the loss of one of Colorado’s biggest agricultural lenders.
The Dairy Export Incentive Program will make dairy prices in the overall overseas market more competitive.
“Colorado’s dairymen are doing everything they can to keep their farms afloat as they deal with the credit crunch and the drop in commodity prices,” U.S. Senator Mike Bennet said in a statement. “The DEIP can help Colorado farmers take advantage of the global marketplace and make it work for them as soon as possible.”
New Frontier bank closed its doors in April leaving many farmers in trouble. At least 20 dairy operations have been left without credit lines.
The good news is Farm Plus Financial has farm loans available today! If you are in need of a Colorado farm loan or a low-rate farm loan throughout any of the states we serve, please contact Farm Plus today. Call 866-929-5585 to speak directly with a representative or contact us online for more information and out current rates.