USDA Announces $78 Million Available for Local Food Enterprises

May 12, 2014

$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 (FMPP). A webinar discussing eligibility and the FMPP application process will be held on May 13, 2014. Dial-in instructions can be found here, and the webinar will be recorded with a link provided for future use.

Please know that that timeline for applying is short—due June 20

WASHINGTON, May 8, 2014 – Agriculture Secretary Tom Vilsack today 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.
 
$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.