loans | Red River Farm Network

Meet the New USDA Deputy Ag Secretary Jewel Bronaugh

Published June 3, 2021

In the three weeks USDA Deputy Ag Secretary Jewel Bronaugh’s been on the job, the USDA continues to focus on COVID recovery. USDA has started to make payments to socially disadvantaged borrowers under the American Rescue Plan, authorizing the Farm…

AFBF Report: Few Farmers Secure PPP Loans in Round One

Published May 7, 2020

A new report from the American Farm Bureau Federation says few farmers have been able to take advantage of the Paycheck Protection Program. Of the $349 billion originally allocated for the program, it’s estimated $4.37 billion or 1.3 percent was…

Bank of North Dakota Offers COVID-19 Loans

Published April 27, 2020

The North Dakota Industrial Commission will allow the Bank of North Dakota to help state businesses get long-term low interest loans during the coronavirus. The Small Employer Loan Fund will provide a loan of up to $50,000 to small businesses…

MN Lawmakers Pass Fourth Coronavirus Relief Bill

Published April 14, 2020

Minnesota lawmakers passed a fourth coronavirus relief package on Tuesday. There are a few key pieces for agriculture included in this coronavirus relief package. Senate Agriculture, Rural Development and Housing Finance Chair Torrey Westrom explains the bill temporarily extends the…

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AgCountry Farm Credit Services Can Access SBA Loans

Published April 14, 2020

AgCountry Farm Credit Services now has access to the Small Business Administration’s portal to administer the Paycheck Protection Program loans. "We have links to the applications on our website. We are encouraging farmers to download an application, fill it out…

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Treasury Department Loans Available

Published April 10, 2020

The U.S. Treasury Department has approved a new Main Street Business Lending Program and the Municipal Liquidity Facility to support credit to workers, businesses, states, counties and cities impacted by the coronavirus. Using funds from the CARES Act, the Treasury…

Small Business Administration System Challenges Local Lenders

Published April 7, 2020

Farm Credit Services across the country are struggling to access the Small Business Administration portal to administer Paycheck Protection Program loans. According to AgCountry Farm Credit Services Senior Vice President of Government and Public Affairs Howard Olson, AgCountry is not…

Senators Ask USDA for Extended Loan Flexibility

Published April 6, 2020

A bipartisan group of Senators including Minnesota Senator Amy Klobuchar, South Dakota Senator John Thune and North Dakota Senator Kevin Cramer sent a letter to Agriculture Secretary Sonny Perdue on Friday. The Senators asked the USDA to extend farm loan…

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MN House Approves RFA Funding

Published March 6, 2020

Minnesota House lawmakers voted to approve funding for the Rural Finance Authority last week. This year’s bill is asking for $50 million. Every two years, the RFA typically gets $20 to $30 million. The RFA provides state guarantees for local…

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Senate Approves Ag Appropriations Bill for FY 2020

Published November 1, 2019

The U.S. Senate approved the Agriculture Appropriations Bill for Fiscal Year 2020. North Dakota Senator John Hoeven, who chairs the Senate ag appropriations committee, said the legislation makes sure farmers have access to risk management tools and capital. Funds for…

Articles tagged under: loans

Meet the New USDA Deputy Ag Secretary Jewel Bronaugh

AFBF Report: Few Farmers Secure PPP Loans in Round One

Bank of North Dakota Offers COVID-19 Loans

MN Lawmakers Pass Fourth Coronavirus Relief Bill

AgCountry Farm Credit Services Can Access SBA Loans

Treasury Department Loans Available

Small Business Administration System Challenges Local Lenders

Senators Ask USDA for Extended Loan Flexibility

MN House Approves RFA Funding

Senate Approves Ag Appropriations Bill for FY 2020

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