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Agricultural Financing Programs


Photo courtesy of Lynn Betts, USDA NRCS

Public and private organizations can help farmers maintain viable farming operations by making it easier for farmers to finance various agricultural operations and business development activities. For example, local banks can tailor some of their products and services to the needs of the local agricultural community by providing specialized farm credit lenders who understand the complex needs of farming operations.

The County or local municipalities can provide financial support to farmers, possibly in the form of matching funds for larger grants, for projects that support the viability of the county's agriculture industry. A municipality could also create a revolving loan fund to assist farmers in leveraging conventional financing sources. Revolving loan fund programs finance certain revenue-generating projects that meet program goals with the understanding that those projects will repay the fund and the money be "revolved" and loaned out to future eligible businesses or individuals.

Related Principles:
agriculture economic development

 

 

 
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