USDA Expands Microloans to Help Farmers Purchase Farmland and Improve Property
Agriculture Deputy Secretary Krysta Harden today announced that the U.S. Department of Agriculture (USDA) will begin offering farm ownership microloans, creating a new financing avenue for farmers to buy and improve property.
These microloans will be especially helpful to beginning or underserved farmers, U.S. veterans looking for a career in farming, and those who have small and mid-sized farming operations.
“Many producers, especially new and underserved farmers, tell us that access to land is one of the biggest challenges they face in establishing and growing their own farming operation,” said Harden. “USDA is making it easier for new farmers to hit the ground running and get access to the land that they need to establish their farms or improve their property.”