Loans Available For State's Small Farms
MassDevelopment, Strolling of the Heifers and the Carrot Project have launched a small farm loan program to help farmers get financing for capital investments and meet operating costs.
The loans will range from $3,000 to $15,000. The program is a response to last summer's heavy rain, which destroyed crops around the state. It is aimed at farms of 250 or fewer acres with annual revenue of less than $250,000 and using or moving toward using organic cultivation methods.
The Carrot Project is a nonprofit organization that helps farms get financing. Strolling of the Heifers is a nonprofit agriculture education organization based in Vermont.
The deadline for the first round of loans is March 19. The Carrot Project will coordinate the loan process.
MassDevelopment used a similar loan program to help the state's aquaculture industry recover from a Red Tide last year.
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