Agriculture constitutes one of the largest industries in the United States. There is constantly a need for agriculture products, even during economic crisis. But agricultural trends keep changing with time and farmers and ranchers have to implement changes in their business to stay up to date with the progress. Those who do not use innovated techniques often fall behind in the business sector. The only problem with using new techniques and practices is that they are very costly. One way of financing these projects is through outside funding.
Contact your local United States Department of Agriculture or Farm Service Agency office to see what funding is available. There are a number of government programs that provide low-rate loans or grants to fund conservation, renewable energy, specialty crop or new agriculture projects. Each program changes from year to year, but the local offices will have the most current information on all funding available from the United States government.
Get in touch with an agriculture bank such as Farm Plus, Country Bank USA or the Bank of Agriculture & Commerce. These banks specialize in agricultural financing. Though this money is not available in the form of grants, these banks offer low-rate loans to producers across the United States.
Approach your local bank, such as Bank of America, Chase Bank or US Bank. These banks do not specialize in agriculture, but with a business proposal they may offer you a business loan. These loans can be used to cover any business expenses related to your agriculture project.
- Photo Credit Don Farrall/Photodisc/Getty Images
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