Today Yankee Farm Credit entered into a Memorandum of Understanding (MOU) with the Farm Service Agency (FSA) and the Vermont Agency of Agriculture, Food and Markets concerning beginning farmers.
The MOU allows Yankee to make FSA guaranteed loans to qualified beginning farmers without having to charge the borrower the usual 1% FSA guarantee fee. FSA will waive the fee. This will allow these beginning farmers to keep more of their cash on the farm. A beginning farmer is a farmer who has been farming for less than 10 years.
Please pass the word! For more information please contact your local office or click here to send an e-mail.
UPDATE: Vermont Agency of Agriculture news release here.
