The US Government is Loaning Millions of Dollars to Jumpstart Urban Farming

Posted on Dec 29 2016 - 7:08pm by UOG

img3974

Did you know that each year millions of dollars are donated by the USDA to farmers in rural areas? Now the government is offering assistance to people who want to try urban farming as well. Money is now being sent to farmers who wish to grow on rooftops, inside greenhouses and even in shipping containers and warehouses.

“USDA Microloans, a program that offers funding up to $50,000, is specifically geared toward urban farmers.  Established in 2013, the program has awarded 23,000 loans worth $518 million to farms in California, Connecticut, and Massachusetts. Though it is open to all farmers, urban farmers often apply for it because it offers the money on a smaller scale than other programs. Seventy percent (or about 16,100 of those loans) have gone to new farmers, many of them in cities.”

Read the entire article at: “BusinessInsider.com