Young farmer support programs could be expanding in Michigan
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Young farmer support programs could be expanding in Michigan
Michigan's governor proposes budget expansion for young farmer programs, creating resource hubs to support beginning agriculture professionals.
2 months ago
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Five-thousand dollars may not sound like a lot of money, but it can be enough to start a business. The USDA Farm Service Agency offers youth loans up to $5,000 to young people between the ages of 10-20. And one 11-year-old in Lafayette, Louisiana used that loan to help feed her friends and family. | This Week In Louisiana Agriculture
2:35
Five-thousand dollars may not sound like a lot of money, but it can be enough to start a business. The USDA Farm Service Agency offers youth loans up to $5,000 to young people between the ages of 10-20. And one 11-year-old in Lafayette, Louisiana used that loan to help feed her friends and family. | This Week In Louisiana Agriculture
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Utilize these Programs To Help You get Funded For Your Farm! 1. USDA Farm Service Agency (FSA) Loans Types of Loans: Direct Farm Operating Loans: Up to $400,000. These can be used for day-to-day operations such as feed, seed, fuel, and other inputs. Direct Farm Ownership Loans: Up to $600,000. These can be used to purchase farmland, construct or repair buildings, and implement soil and water conservation practices. Guaranteed Farm Loans: Up to $1,825,000. These loans are made by commercial lende
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