Thursday, 29 May 2014
Agriculture Secretary Tom Vilsack has announced that USDA is making a historic $78 million investment in local and regional food systems, including food hubs, farmers markets, aggregation and processing facilities, distribution services, and other local food business enterprises.
"The 2014 Farm Bill has given USDA new tools, resources and authority to support the rural economy," Vilsack said. "Consumer demand for locally-produced food is strong and growing, and farmers and ranchers are positioning their businesses to meet that demand. As this sector continues to mature, we see aggregation, processing, and distribution enterprises across the local food supply chain growing rapidly. These historic USDA investments in support of local food give farmers and ranchers more market opportunities, provide consumers with more choices, and create jobs in both rural and urban communities."
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.