From staff reports
The agriculture Linked (AgriLink) Investment Program, which provides low-interest loans to qualified farmers and farms, reactivated Monday, according to a press release from state Rep. R. Lee James.
The amount of the loan is based on costs submitted by a farmer for an approved project.
However, a loan may not exceed $250,000 and 12 years, may be structured as a construction loan, and the interest rate could fluctuate to account for the subsidy and current market interest rate.
An eligible farm must have developed an approved Act 38 nutrient management plan, a manure management plan, agricultural erosion and sedimentation plan, or other approved federal or state conservation program or best management practices (BMPs).
“Farmers have continuously made a significant impact in Pennsylvania,” James said. “Their contributions have paid dividends, and I cannot thank them enough for being a critical component to our society. I am pleased to see them receive another funding option to carry on their good work.”
The program is administered by the Pennsylvania Treasury, in collaboration with the State Conservation Commission.
For more information on criteria and how to apply, go to www.agriculture.pa.gov; look to the top right corner, where it says “Plants, Land & Water”; click on “State Conservation Commission”; once the page loads, look under “More Information” to find “Agriculture-linked low Interest Loan (AgriLink) Program.”