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Posts tagged: Loans

Reflecting on the American Dream

Rural Development Virginia State Director Basil Gooden (left) and RHS Administrator Tony Hernandez (right) with Alias and Ansam Khader

Rural Development Virginia State Director Basil Gooden (left) and RHS Administrator Tony Hernandez (right) present Alias and Ansam Khader (and their adorable daughter) the symbolic key to their new home.

Last month, I had the privilege of witnessing the American dream come to life for a Rockingham, Virginia family who has just purchased and built their first home with the help of a USDA Rural Development (RD) direct low-interest loan. It was an honor to help Rural Housing Service Administrator Tony Hernandez, Virginia Rural Development employees and local officials welcome Alias and Ansam Khader and their three children to their newly constructed home, which we did via a key presentation ceremony on the family’s new front porch.

Prior to the ceremony, I had the opportunity to spend time with the Khaders as they graciously took me and others on a tour of the house. They shared with us stories of their journey to this special day and visions of their bright future. I quickly learned that the Khaders were a remarkable family, having overcome extraordinary circumstances. Read more »

Loan Applications Continue at USDA Farm Service Agency

Matt McCue and Lily Schneider of Shooting Star CSA, an organic farm in California

Matt McCue and Lily Schneider of Shooting Star CSA, an organic farm in California, received an FSA loan. Their operation is chemical and pesticide free and they rely on practices that reduce impact on the environment.

What do siblings Kenna and Peyton Krahulik, organic farmers Lily Schneider and Matt McCue, and livestock producer Brian Morgan have in common? They worked closely with USDA’s Farm Service Agency (FSA) to obtain loans, giving them the working capital they needed to grow or maintain their operation.

FSA makes and guarantees loans to family farmers and ranchers to promote, build and sustain family farms in support of a thriving agricultural economy. It’s an important credit safety net that has sustained our nation’s hard working farm families through good and bad times. Read more »

Agua Gorda Co-op Provides Latino Farmers with Means to Acquire Land

Members of the Agua Gorda Cooperative growing organic produce

Members of the Agua Gorda Cooperative are growing organic produce for the Minneapolis market. Photo courtesy Latino Economic Development Center.

October is National Cooperative Month, and we’re happy to spotlight several projects throughout the month that have been supported through USDA Rural Development’s Cooperative Services. Jaime Villalaz, a business development specialist with the Latino Economic Development Center in Minneapolis, Minn., provided us with a glimpse into how USDA funds are being used to promote agriculture and cooperative development in the Latino community in Minnesota. 

In 2011, staff from the Latino Economic Development Center (LEDC) in Minneapolis met with about 30 residents of Long Prairie, Minn., to discuss starting a farmer cooperative that would improve their income and promote economic development. After meetings throughout that winter, the cooperative became a legal entity in April 2012. The eight original members each contributed $250 to start the Agua Gorda Cooperative. Read more »

New Legislation Brings Projects in Reach for Rural Connecticut

From left: USDA Farm Service Executive Director for Connecticut, Brian Hulburt; Lt. Governor of Connecticut, Nancy Wyman; Town Manager of Coventry, Connecticut and others

From left: USDA Farm Service Executive Director for Connecticut, Brian Hulburt; Lt. Governor of Connecticut, Nancy Wyman; Town Manager of Coventry, Connecticut, John Elesser; Connecticut State Senator Cathy Osten; Connecticut Governor Dannel Malloy; USDA Rural Development, Connecticut Area Director, Johan Strandson; USDA Rural Development State Director CT/MA/RI, Scott Soares; Ayanti Grant, District Director for Congressman Joe Courtney.

The first week of August brought an important milestone for communities in Connecticut. I was pleased to be on hand as our Governor, Dannel Malloy, held a ceremonial bill signing for Senate Bill 458. This legislation is significant because it changes the maturity date for municipal bonds issued in conjunction with any water, waste, or community facility loan from USDA Rural Development from an original 20 years to a 40 year bonding term. Of the 169 towns in the state of Connecticut, 69 of those have populations under 10,000. This makes them eligible to receive loans from USDA Rural Development through our community facilities program. This act will make repayment on such loans affordable for small towns that are in need of essential community facility additions and improvements. Read more »

Washington Woman Inspired to Grow Out on Her Own

Elsa Torres with her father

Elsa Torres’ father, Jose, inspired her to buy an orchard and farm on her own.

For Elsa Torres, farming is more than just a job or a livelihood. It’s an inspiration.

Ever since she was a young girl, Elsa can remember working in orchard fields with her father, Jose Torres. It was something she loved and cherished. “My father is the person I admire the most,” said Elsa. “He came from Mexico with nothing and for 25 years he worked on an orchard that he now owns. He didn’t start out with a formal education.  But now he’s a business owner.  He’s an example of the American dream and how someone who works hard can become a success.” Read more »

Partnerships Bring Rural Health Care to South Dakota

Dan Friedrich, Director of HealthPOINT at Dakota State University, moderating the health financing workshop

Dan Friedrich, Director of HealthPOINT at Dakota State University, moderated the health financing workshop.

“We wouldn’t be all that we are today if it weren’t for USDA”, said Verne Hansen, Board President of the Faulkton Area Medical Center (FAMC).  With help from Rural Development, South Dakota, FAMC leveraged $5 million in loans and loan guarantees to build a state-of-the-art 12-bed facility serving as the Critical Access Hospital for Faulkton (population 744) and the surrounding community.  This new facility has yielded a 500% increase in patient revenues and improved the level of care. Due to overwhelming demand, FAMC is planning an expansion to continue meeting the health care needs of rural South Dakotans.

Recently, South Dakota’s Rural Development office teamed up with the Department of Health and Human Services, the State of South Dakota, the South Dakota Association of Healthcare Organizations, Dakota State University, and East River Electric Cooperative to bring together providers and funders to generate concrete plans improving access to rural health care in our state. One concrete outcome was workshop on the collaborative Rural Health Financing Initiative, where we focus on maximizing and utilizing the resources we currently have at our disposal to best meet the needs of today and the future. To illustrate the path to success, Faulkton Area Medical Center CEO Jay Jahnig gave a first-hand example of how USDA was able to provide the financial support that allowed FAMC to significantly increase its quality and quantity of service to the community. Read more »