Every year, Dustin Schlinsog walks into the Farm Service Agency office in Neillsville, Wis., to apply for a direct operating loan to support his greenhouse operation. It’s a small loan, under $35,000. Yet, he must complete 17 pages of paperwork and meet the same requirements for farm operations applying for loans of $300,000.
Not anymore.
Agriculture Secretary Tom Vilsack announced last week the start of a new microloan program to assist beginning farmers, veterans and smaller farm operations. The program is designed to provide loans under $35,000 to help launch start-ups, provide needed resources and increased equity so farmers can graduate to commercial credit and expand their operations.