The Daily Item
WASHINGTON, D.C. — The U.S. Department of Agriculture’s Farm Service Agency (FSA) makes operating loans of up to $5,000 to eligible individual rural youths age 10 through 20 to finance income-producing, agriculture-related 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 project must be an organized and supervised program of work. It must be planned and operated with the assistance of the organization advisor, produce sufficient income to repay the loan, and provide the youth with practical business and educational experience in agriculture-related skills.
To qualify for a loan, the applicant must:
These loans can finance many kinds of income-producing agricultural projects. The loan fund may be used to:
To apply, the applicant must submit completed plans and budgets signed by the project advisor and parent or guardian along with the FSA application for loan assistance. These loans:
n have a maximum loan amount of $5,000 (total principal balance owed at any one time cannot exceed this amount)
To apply or find out more, visit your local USDA Service Center. A listing of centers, and more information about youth and other loan programs, are available on the FSA website at http://www.fsa.usda.gov. USDA Service Center offices are also usually listed in telephone directories under “U.S. Department of Agriculture.