Oct 24, 2011

U.S. offering loans for buying and running farms

USDA’s Farm Service Agency is offering Socially Disadvantaged and Beginning Farmer Loans designed to help some people purchase and operate farms.

Socially disadvantaged groups include women, blacks, American Indians and Alaskan Natives, Latinos and Asian and Pacific Islanders.

Loans also are available to any beginning farmers and ranchers who are unable to obtain financing from commercial credit sources.

Farm ownership loans may be spent to purchase or enlarge a farm, purchase easements or rights of way needing in the farm’s operation, build or improve dwellings or barns, promote soil and water conservation and development and pay closing costs. Reading Eagle

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