USDA Giving Youth Loans To Start Ag Projects

The USDA is making it easier for youths to get started in agriculture. $5000 loans are available through the Farm Service Agency for those between the ages of 10 and 20.

Applicants must be involved in 4-H, FFA or other ag groups to be eligible for the Youth Loans. Money must be used to "establish and operate agricultural income-producing projects." Other requirements include:

Be 10 years to 20 years of age
Comply with FSA’s general eligibility requirements
Be unable to get a loan from other sources
Conduct a modest income-producing project in a supervised program.
Demonstrate capability of planning, managing and operating the project under guidance and assistance from a project advisor. The project supervisor must recommend the youth loan applicant, along with providing adequate supervision.

The money can used to buy livestock, seed, equipment and supplies; buy, rent or repair needed tools and equipment; and pay operating expenses for the project.

Get more details from this fact sheet or call the USDA at (315) 736-3316 or online at the Farm Service Agency.

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Filed Under: ag matters