Farmers' Workshop on USDA's Microloan Program with Central Texas' FSA Loan Manager
Tuesday, March 5th (10am - Noon)
Travis County's East Service Center ("Blue Bluff"): 6011 Blue Bluff Rd. Austin TX
Register at https://agriliferegister.tamu.edu, keyword "loan"
Registration is $15; light refreshments served.
The
Texas A&M AgriLife Extension Service in Travis County and the U.S.
Department of Agriculture’s Farm Service Agency are working together to inform Central
Texas urban farmers about the new USDA Microloan program.
A joint Microloan
Workshop will be presented from 10 a.m.-noon
March 5 at Travis County's East Service Center, located at 6011 Blue Bluff Rd.
in Austin.
Coordinators said the new USDA Microloan program was
designed with small-scale producers in mind and may be an excellent fit for
urban farmers needing capital to launch or expand their operations.
The
new Microloan program is administered through the Farm Services Agency and
provides various low-interest credit options for small agricultural producers, according
to USDA officials. The simplified loan application process and modified
eligibility requirements are well-suited to beginning farmers, ranchers, and
CSA operators, and for farmers wanting to grow “niche crops” to sell to ethnic
markets or farmers markets, it may also provide a means of financing.
“Last
fall, beginning urban farmers came from 11 Central Texas counties to
Extension’s three-week Strong Starts: Urban Farming 101 series,” said Daphne
Richards, AgriLife Extension agent for horticulture in Travis County.
“Extension specialists traveled from across the state to teach everything from
farm business planning and budgeting to crop selection and cultivation
strategies.”
Richards
said the series included presentations from county and state officials involved
in food system policy development, as well as representatives of U.S.
Department of Agriculture.
“At
that program, USDA Farm Service Agency loan manager Terri Trevino was among the
presenters. She informed beginning urban farmers about USDA’s financing options
and began initial development of funder/farmer relationships.
“Feedback
was overwhelmingly positive from both the farmer participants and presenters, so
when the USDA initiated this Microloan program a month ago, Terri contacted us
to see if our agency could help the USDA get the word out through our urban
farming program and the Strong Starts initiative.”
Richards
said AgriLife Extension coordinated with the local FSA office to help make
Trevino’s presentation on Microloans available to the entire Central Texas
farming community, so they decided on a larger venue for an inexpensive “stand-alone”
workshop.
Qualifying farmers and ranchers may
apply for a maximum of $35,000 to be used toward initial start-up expenses, USDA
officials explained. And as their needs increase, they may apply for an additional
operating loan of up to $300,000 -- or seek commercial-lender financing from an
institution within its Guaranteed Loan Program.
Officials said farm loans can be
used for a variety of purposes, including buying land, delivery vehicles, livestock,
seed, feed and supplies, or for farm improvements such as wells, coolers, hoop
houses, and irrigation systems.
“At
this event, AgriLife Extension in Travis County also hopes to survey
participants about their informational and educational needs, so that we may
support their continued growth and success as urban farmers,” Richards noted.
The workshop cost is $15 and those
interested may register online at the AgriLife Extension Conference Services website, https://agriliferegister.tamu.edu.
Enter “loan” in the keyword search field or “Austin” in the location field.
Producers interested in applying for
a microloan should contact their local Farm Service Agency office. For more
information about the March 5 workshop, contact Trevino at Terri.Trevino@tx.usda.gov.
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