farm loan program through ODA

ellsworth.2@osu.edu's picture

 

Ohio Department of Agriculture Offers $2 Million in Revolving Loan Funds
Loans Made Available to Agriculture Businesses that Support Rural Ohio
 
REYNOLDSBURG, Ohio (Sept. 22, 2010) – Business owners can now apply for their share of $2 million in low-interest loans funded by the Ohio Department of Agriculture through a newly created Agriculture Revolving Loan Fund. The department will partner with the Ohio State University South Centers and Buckeye Hills-Hocking Valley Regional Development District to facilitate the loan process, which will use state funds made available through the U.S. Department of Agriculture.
 
The Agriculture Revolving Loan Fund will make loans available for the creation and expansion of businesses and industries that support agriculture and rural Ohio that focus on aquaculture, food processing and biofuels in Ohio. Other projects will also be considered.
 
“The aquaculture, food processing and biofuels industries show great promise for Ohio, and the Ohio Department of Agriculture is pleased to offer these low-interest loans for these types of projects and others to assist with start-up and expansion costs,” said Ohio Agriculture Director Robert Boggs. “Supporting rural Ohio businesses and industries will help keep Ohio’s economy growing, create jobs and maintain Ohio’s strong $98 billion food and agriculture industry."
 
Loans will range from $10,000 - $100,000, and the revolving loan fund will finance up to 90 percent of the total project cost. Funds could be used for activities such as acquisition and improvement of land, buildings, plant facilities and equipment as well as new construction or renovation of existing facilities, modernization, demolition and site preparation.
 
Eligible applicants include private, for-profit businesses and industries. Applicants must be U.S. citizens and 18 years of age.
 
For more information about the Agriculture Revolving Loan Fund, visit www.agri.ohio.gov under Promotional Programs.

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urban farming loans

ellsworth.2@osu.edu's picture

we are sponsoring small grants for urban farmers in Akron or Summit County; I don't know of other programs out there.

Farm grants and loans

farmf00d's picture

Farm Aid put together a comprehensive guide for all types of federal agriculture loans and grants program, some of which can support urban agriculture initiatives.  Here's a link to the funding chart and the pdf of the guide: http://www.farmaid.org/site/c.qlI5IhNVJsE/b.2739785/apps/s/content.asp?c...

And if folks aren't aware, this Saturday is the Farm Aid concert - part of the concert will be shown on Direct TV.

Farm Grants and Loans

arlinwallace's picture

Renee,

Thanks for the information. I will check into it and pass the message.

 

Thanks again!

Farm Loan Program through ODA

arlinwallace's picture

 we are in Cleveland, Ohio. if you run across anything for Cleveland, please let me know...(I'll be searching as well, and will keep you posted)

farm loans for non-profits?

kenstern's picture

The Corporation for Findlay Market is developing a business plan to open a produce auction in Cincinnati in 2011. This will help growers in southwest Ohio, northern Kentucky, and southeast Indiana and help meet the institutional demand for local produce in the metro Cincinnati area.

We hope to borrow low cost funds for capitalization and start up costs. I will appreciate any information on loan funds that lend to non-profits.

thanks

 - ken