Monday, May 19, 2008

Loans for Youth Agricultural Entrepreneurs

Most family farms have children as an active part of the farm and many of those children have projects of their own. If your child has a farm project and is wishing they had some financial assistance to help them, they are in luck. There are two projects specifically set up for youth. Below is one and tomorrow I'll discuss the second one.

The Farm Service Agency (FSA) grants operating loans to individual rural youth to finance income-producing, agriculture-related projects of modest size in connection with their participation in 4-H clubs, FFA, and similar organizations.

Each project must be part of an organized and supervised program of work. The project must be planned and operated with the help of the organization advisor, produce sufficient income to repay the loan, and provide the youth with practical business and educational experience in agriculture-related skills.

To apply or learn more about youth loans or other loan programs, please contact your local USDA Service Center: http://www.fsa.usda.gov/FSA/webapparea=home&subject=fmlp&topic=dfl-yl.

1 comment:

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