Expand Access to Credit For Farm Businesses

Background

Farming is a profession that relies heavily on credit – not just when a farmer starts their business but at the beginning of every season, when they must pay for their seed, feed, and other inputs. Depending on their business, the farmer may not see return on their investment for many months, until it is time for harvest. Reliable access to credit on good terms is critical to farmer livelihoods. Rural economic downturns and overall bank consolidation has made credit access more challenging for most producers; for young or beginning farmers, farmers of color, and other socially disadvantaged farmers, credit access has long been unreliable.

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State Policy Priorities

  • Develop or expand Aggie Bonds, guaranteed loans, direct loans, loan participation programs, and similar initiatives.
  • Assist farmers in credit mediation and addressing ongoing debt challenges.

State Examples

Toolkits

Inspired? Ready to dig in on these issues with your rural neighbors? Our practical communications toolkits will help you connect with new communities through common values. The toolkits provide examples on narrative framing, press release templates, sample talking points, and more. 

Click here for the communications toolkit on Access to Rural Economic Opportunity.

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