Thursday, October 30, 2014

USDA offers farm loans for socially disadvantaged groups

COLLEGE STATION, TX – October 27, 2014-- USDA Texas Farm Service Agency (FSA) Executive Director, Judith A. Canales, reminds producers that FSA offers specially-targeted farm ownership and farm operating loans to Socially Disadvantaged (SDA) applicants. "Each year, a portion of FSA's loan funds are set aside to lend to socially disadvantaged farmers and ranchers," said Canales. "Farming and ranching is a capital intensive business and FSA is committed to helping producers start and maintain their agricultural operations." During fiscal year 2014 (Oct. 1, 2013 through Sept. 30, 2014), Texas FSA obligated $52.2 million in SDA loans. USDA defines socially disadvantaged applicants as a group whose members have been subjected to racial, ethnic, or gender prejudice because of their identity as members of the group without regard to their individual qualities. For farm loan program purposes, SDA groups are women, African Americans, American Indians and Alaskan Natives, Hispanics and Asians and Pacific Islanders...more



Hey folks, I'm sure its just a coincidence this "reminder" goes out the week before an election.

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