News Column

BRIEF: Idahoans offered low-interest loans to buy or expand farms

August 7, 2014

The Idaho Statesman



Aug. 07--Farmers and ranchers in Idaho can apply for low-interest loans to buy or expand a farm, construct or improve new buildings, pay closing costs or promote soil and water conservation and protection.

The loans of up to $300,000 are offered through the U.S. Department of Agriculture Farm Service Agency. Interest rates are 1.5 percent or higher, with up to 40 years for repayment.

The deadline to apply -- at a Farm Service Agency county office or online at www.fsa.usda.gov -- is Sept. 30.

"There are no backlogs or waiting for funding. If you've dreamed about starting a farm, or if you're looking to strengthen your farm, we want to help," said Aaron Johnson, acting executive director of the agency.

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(c)2014 The Idaho Statesman (Boise, Idaho)

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Source: Idaho Statesman (Boise)


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