Funding Available for California Farmers

Photo courtesy of the University of California
The United States Department of Agriculture’s Farm Service Agency in California is looking for socially disadvantaged farmers in need of funding.
The USDA is offering loans to those who are subjected to racial, ethnic or gender prejudice.
According to the Farm Service Agency in California, $46 million in loans were borrowed to disadvantage California farmers in the 2010 fiscal year. Val Dolcini, executive director, told the Merced Sun-Star, “”For traditionally under-represented population groups, the FSA continues to focus on increased participation in all offices.”
The Merced Sun-Star reports 40 percent of the loans were approved. In order to receive funding a person must provide three letters of rejections from credit sources. The funding is intended for those who have no other way or receiving loans from commercial banks. The lower interest rates make it possible for people to improve their credit and make payments.
Interested applicants should create a business plan that shows their knowledge of the agriculture industry. Those interested should contact their local Farm Service Agency office or click here for more information.
For additional information on loans and funding contact Farm Plus at 866-929-5585.