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Rural Development has a loan portfolio over $224.5 billion, and administers nearly $16 billion in program loans, loan guarantees, and grants through their programs. Rural Development promotes economic development by supporting loans to businesses through banks, credit unions and community-managed lending pools.
(The Center Square) – Two Wisconsin businesses have obtained a total of more than $375,000 in rural development grants from the U.S. Department of Agriculture to fund water loans and a company ...
The Rural Community Advancement Program is a program established by the 1996 farm bill (P.L. 104-127, Sec. 761) under which USDA is authorized to provide state rural development block grants, direct and guaranteed loans, and other assistance to meet rural development needs across the country. Program funding is allocated to three accounts: (1 ...
The Consolidated Farm and Rural Development Act of 1972 or Con Act (P.L. 92-419) authorized a major expansion of USDA lending activities, which at the time were administered by Farmers Home Administration (FmHA). The legislation was originally enacted as the Consolidated Farmers Home Administration Act of 1961 (P.L. 87-128). In 1972, this title ...
Aug. 12—Margi Hoffmann, the state director of rural development for the U.S. Department of Agriculture, visited the North Coast this week to meet with stakeholders and announce a substantial ...
The Rural Business-Cooperative Service (abbreviated as "RBS") is one of three agencies within USDA Rural Development (along with the Rural Housing Service and Rural Utilities Service) responsible for administering various economic development programs to rural communities in the United States and its territories. Because these three agencies ...
The grants and loans were awarded through the Renewable Energy Systems and Energy Efficiency Improvements Program of the USDA Rural Development office. The program was created by Section 9006 of the 2002 Farm Bill and expanded under the 2008 Farm Bill. [18] A few renewable energy source programs under the act included: Bio-refinery Assistance ...
To support farmers who lost out on business from global consumers, Trump authorized $14.5 billion for the U.S. Department of Agriculture's (USDA) market facilitation program to provide payments to ...
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