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Expand USDA Micro-Loan Program for Farmers

Copyright
2021
Published Date
04/16/2021
Published By
Well Being In the Nation Network

The Department of Agriculture's (USDA) Microloan Program gives small loans. These loans are for farmers who are young, disadvantaged, veteran, or new farmers. This is important because new farmers often struggle to get loans. Farmers with smaller or more diverse operations can also have a hard time getting loans. This is often because they don't have a credit history or because it is more risky to lend to them. This program has smaller loans with a quicker application and flexible requirements, which help struggling farmers.

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Equitable Economic and Community Development Policy Guide
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Published on 04/20/2021

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Advancing Equitable Economies Policy Library
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Published on 04/20/2021