[5/10/22] USDA Loans To Farmers
If you’ve been a farmer or orchardist for less than ten years, or fit the description of an underserved farmer, and cannot obtain commercial credit from a bank, help is available to you from the U.S. Department of Agriculture. Jason Quintana is a loan officer with the USDA’s Farm Service Agency office in Wenatchee; he says there are many types of loans available:
As for who is eligible for the loans, the USDA defines an underserved applicants as a group whose members have been subjected to racial, ethnic or gender prejudice; it includes American Indians, Alaskan Natives, Asians, African Americans, Native Hawaiians. Hispanics, and women.
And who qualifies as a “beginning farmer?” Once again, Jason Quintana:
Quintana says many farmers and orchardists have been having tough times the last few years:
More information is available by calling the Farm Service Agency office in Wenatchee at 509-662-1141, or by going online to farmers.gov.