USDA announces $78 million for local food enterprises

Vilsack said that $48 million in loan guarantees for local food projects is now available through USDA 's Rural Development's Business and Industry Guaranteed Loan Program, and $30 million is available through competitive grants via the Agricultural Marketing Service's (AMS) Farmers Market and Local Foods Promotion Program.

 

The 2014 Farm Bill requires USDA to set aside at least five percent of Business and Industry (B&I) program loan guarantees for projects that focus on local food business enterprises. Details on how to apply for local food funding through the B&I program are available on the Rural Development website. Applications are accepted on a rolling basis. The B&I program has the authority to fund local food infrastructure in urban areas as long as the project supports farm and ranch income, and expands healthy food access in underserved communities.

 

In 2013, Rural Development supported more than 170 local food infrastructure projects – from food hubs, to scale-appropriate processing facilities, to cold storage and distribution networks. Entities eligible for B&I loan guarantees include cooperatives, non-profit organizations, corporations, partnerships or other legal entities, Indian tribes, public bodies or individuals.

 

For more information, visit the USDA website.