World Map United States / English
Sign In or Register Now
Location Icon
_blank _blank _blank _blank _blank

MachineFinder News

Government loans available for youth agricultural projects

Tuesday, April 13, 2010

Young people working on agricultural projects could benefit from government loans.
Young people working on agricultural projects could benefit from government loans.

Even younger users of farm equipment might need a little help when it comes to their projects, which is where funds from the government can come into play.

The U.S. Department of Agriculture's Farm Service Agency makes loans available to people between the ages of 10 and 20. With the funds, which have a ceiling of $5,000, youths can find some assistance for their agricultural projects.

"The project must be of modest size, educational, and initiated, developed and carried out by rural youths participating in 4-H clubs, FFA or a similar organization," the FSA's website said.

To qualify for a loan from the FSA, the project has to be supervised by an advisor. The students' initiatives must also be able to produce enough money to pay back the amount of the loan.

According to a report from Ohio's Coshocton Tribune, interest rates on these loans are set at 2.875 percent for April. Young people who are interested in applying for funds can visit the FSA's site at www.fsa.usda.gov for more information, or contact their local FSA branch.
ADNFCR-2034-ID-19718655-ADNFCR

News Categories
Featured Machines
Machine Photo

176 hrs, $200,000 US

FAIRFIELD, IA

Machine Photo

8 hrs, $32,500 US

CENTERVILLE, IA