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Livestock LoanGoals of Program Farm Beginnings partnered with Heifer International to provide a zero interest revolving livestock loan for qualified beginning farmers. Graduates of Farm Beginnings are eligible to apply for a no-interest loan of a variety of livestock species, including dairy and beef cattle, swine, poultry, goats and sheep. The Livestock Loan Program helps farmers build equity while supporting them with a continuing education component that connects them with an adviser. Currently, 20 livestock loans totaling over $200,000 have been awarded to Farm Beginnings graduates. Seven loan recipients have paid back the loan money in full.
Individuals who have completed the Farm Beginnings course are eligible to apply for the Livestock Loan. Successful applicants will meet the requirements outlined by the Livestock Loan Guidelines. Maximum amount of animals an individual may apply for:
The money that is passed-on (in 2-5 years depending on the species) will be returned to the revolving loan fund to help other beginning farmers. Individuals accepted into the program agree to participate in quarterly site visits and continued training. Recipients must keep up-to-date financial records, and must submit required reports and surveys. There will be reports and surveys that must be submitted. An important component of the program is to collect ecological data that monitors the impact of the agricultural practices implemented. Opportunities and expectations to host tours and offer information to other beginning farmers will also exist.
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©Land
Stewardship Project, 2009 |
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