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USDA Microloan Program Offers Farmers Up to $50,000

Since 2013, the U.S. Department of Agriculture (USDA) has offered farm microloans” up to $50,000. Microloans now are available to help with farm land and building purchases and soil and water conservation improvements. According to the USDA, the focus of microloans is on the financing needs of small, beginning farmer, niche and non-traditional farm operations, such as truck farms, farms participating in direct marketing and sales such as farmers’ markets, CSA’s (Community Supported Agriculture), restaurants and grocery stores, or those using hydroponic, aquaponic, organic and vertical growing methods.

General eligibility requirements include: 

DISCLAIMER: The information provided is for general informational purposes only. This post is not updated to account for changes in the law and should not be considered tax or legal advice. This article is not intended to create an attorney-client relationship. You should consult with legal and/or financial advisors for legal and tax advice tailored to your specific circumstances.

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