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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.
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