LATEST NEWS

Category

Currently showing posts tagged USDA

  • USDA lowers cost to refinance rural housing loans in Maine and Nationwide

     USDA Rural Housing Service Administrator Tony Hernandez on May 16,2016 announced a series of changes that will make it faster and cheaper for homeowners to refinance USDA Rural Development mortgages.  

     “I am pleased that Maine families and individuals have this opportunity to refinance through USDA Rural Development, ultimately helping them to have more money in their pockets and more to save for the future,” said USDA Rural Development State Director Virginia Manuel. 

    Waterville, photo, is a rural Maine town. People living in this area will benfit from the loan changes.

    To date in Maine this Fiscal Year, USDA Rural Development has assisted 886 Maine families or individuals to become homeowners through its Single-Family Housing Guaranteed and Direct Loans, for a total investment of $128.2 million.

    USDA Rural Development State Director Virginia Manuel said, “I am pleased that Maine families and individuals have this opportunity to refinance through USDA Rural Development, ultimately helping them to have more money in their pockets and more to save for the future.”

    “These changes reaffirm the Obama Administration’s commitment to middle-class Americans, and I am pleased that we continue to provide affordable housing to support thriving economies in rural communities,” Hernandez said. “Helping homeowners refinance their homes to reduce their monthly payments and take advantage of low interest rates will bring increased capital to rural residents and the communities where they live and work.”

    USDA Rural Development State Director Virginia Manuel said, “I am pleased that Maine families and individuals have this opportunity to refinance through USDA Rural Development, ultimately helping them to have more money in their pockets and more to save for the future.”

    The changes take effect June 2, 2016 and apply to mortgages issued through USDA and those where USDA has issued a loan note guarantee.

       Homeowners current on their mortgages for the past 12 months will no longer be required to secure an appraisal, provide a credit report or undergo a debt-to-income calculation when they refinance for a 30-year term. These changes will save time and money.

    USDA began testing these changes in a 2012 a pilot program that was later expanded to include 34 states and Puerto Rico. To date, nearly 9,500 homeowners have refinanced their mortgages. Some borrowers saved as much as $600 a month. The average savings is around $150 per month.   

    The streamlined rules are consistent with banking industry lending standards. These refinanced loans, like all USDA Rural Development housing loans, meet rigorous underwriting standards and are made only to qualified borrowers. The Department of Housing and Urban Development and Department of Veterans Affairs have similar programs for the Americans they serve.

    Interested homeowners with USDA loan guarantees should contact their lender about refinance procedures. Homeowners with USDA Direct loans should contact a USDA housing specialist.

    For additional details on these new changes, please see page 26461 of the May 3 Federal Register. To learn more about USDA housing programs, please contact a housing specialist at your nearest USDA Rural Development office. A list of State offices is available at:  http://www.rd.usda.gov/contact-us/state-offices.

    Since 2009, USDA Rural Development nationwide (#USDARD) has helped 1.1 million rural residents buy homes; invested $11 billion to start or expand 103,000 rural businesses; funded nearly 7,000 community facilities such as schools, public safety and health care facilities; financed 185,000 miles of electric transmission and distribution lines; and helped bring high-speed Internet access to nearly 6 million rural residents and businesses. For more information, visit www.usda.gov/results.

         USDA Rural Development has Area Offices located in Presque Isle, Bangor, Lewiston, and Scarborough, as well as a State Office, located in Bangor.

  • $44 Million in USDA grants available to help agricultural producers increase the value of their products-apply!

     

            

    By Ramona du Houx

    Agriculture Secretary Tom Vilsack announced on May 11, 2016 that USDA is making up to $44 million available to farmers, ranchers and businesses to develop new bio-based products and expand markets through the Value-Added Producer Grant program. 

    “I strongly encourage rural Maine agricultural producers to apply for this useful program, which can help provide an advantage in marketing or producing a value-added agricultural product. This type of rural Maine innovation leads to job creation and supports the local economy,” said USDA Rural Development State Director Virginia Manuel. 


    Aroostock Hops, LLC, (photos) recieved a Value-Added Producer Grant for $24,413. The grant paid for labor costs and to purchase consumable supplies to produce pelletized hops from fresh hops and to package the pellets in nitrogen-flushed, vacuum-sealed, labeled Mylar bags as well as for marketing and promotional expenses.

    "Our natural curiosity about improving hop yield, quality, and best practices in growing hops organically, coupled with both our backgrounds in science, has led us to investigate some of our hop growing questions using an experimental approach.  We figured there must be lots of other hops farmers, especially in the Northeast, who were asking the same questions as us and would like to know about some of the things we were investigating.

    "Over the years, we have been fortunate to work with a USDA program called Sustainable Agriculture Research and Education (SARE), which provides grants and education to advance innovations in sustainable agriculture," states Aroostock Hops on their website.

    The USDA grant helped Aroostock Hops partner with the University of Maine, and receive a Maine Technology (MTI) Seed Grant to fabricate a prototype hop harvester. 

    The extra cash needed to turn a creative idea into a marketable product is where a lot of USDA grants have come into play in Maine.

    Agriculture is one of the identified areas FocusMaine— a group of over 50 Maine stakeholders who are dedicated to help grow jobs and the state’s economy.

    "Agriculture, aquaculture and biopharmaceuticals were chosen because Maine's inherent strengths in these sectors allow to us to compete nationally and even internationally in those growing markets,” wrote ,” wrote Karen G. Mills is a senior advisor at the Harvard Business School, former administrator of the U.S. Small Business Administration and part of the leadership team of FocusMaine in an Op-ed in MaineBiz.

    Secretary Vilsack describes the cultivation of local and regional food systems as one of the four pillars of rural economic development that impacts farm family income and strengthens local economies. 

    “America’s farmers, ranchers and rural business owners are innovative entrepreneurs and this program helps them grow economic opportunities for their families and communities by increasing the value of the items they produce,” said  Agriculture Secretary Tom Vilsack. “The Value-Added Producer Grant program has a great track record of helping producers increase the value of products and expand their markets and customer base, strengthening rural America in the process.”

    Another example of a Maine Value-Added Producer Grant Program award in Cara Sammons, Flying Goat Farm in Acton (photo right). Their grant of $125,000 were be used to pay for packaging materials, labor costs and marketing expenses associated with increasing production as well as hiring personnel to do routine tasks such as cheese room cleaning, packaging, making deliveries to established retail outlets and restaurants, selling cheese at farmers markets, and bookkeeping.

    Value-Added Producer Grants may be used to develop new products and create additional uses for existing ones. Priority for these grants is given to veterans, members of socially disadvantaged groups, beginning farmers and ranchers, and operators of small- and medium-sized family farms and ranches. Additional priority is given to applicants who seek funding for projects that will create or increase marketing opportunities for these types of operators.

    • More information on how to apply is on page 20607 of the April 8th Federal Register.
    • The deadline to submit paper applications is July 1, 2016.
    • Electronic applications submitted through grants.gov are due June 24, 2016. 

    For questions or more information on how to apply, please contact Rural Development Business Programs Specialist Brian Wilson at 990-9168 or brian.wilson@me.usda.gov.

    Value Added cheese produced by Flying Goat Farm

    Value-Added Producer Grants are a key element of USDA’s Know Your Farmer, Know Your Food initiative, which coordinates the Department’s work to develop local and regional food systems.

    Under Secretary Vilsack, USDA has supported providing consumers a stronger connection to their food with more than $1 billion in investments to over 40,000 local and regional food businesses and infrastructure projects since between 2009.

    Industry data estimates that U.S. local food sales totaled at least $12 billion in 2014, up from $5 billion in 2008. 

    Congress increased funding for the Value-Added program in the 2014 Farm Bill, with the help of Congresswoman Chillie Pingree. That law builds on historic economic gains in rural America over the past six years, while achieving meaningful reform and billions of dollars in savings for taxpayers.  

    Since 2009, USDA Rural Development has invested $11 billion to start or expand 103,000 rural businesses; helped 1.1 million rural residents buy homes; funded nearly 7,000 community facilities such as schools, public safety and health care facilities; financed 180,000 miles of electric transmission and distribution lines; and helped bring high-speed Internet access to nearly 6 million rural residents and businesses.

     USDA Rural Development has Area Offices located in Presque Isle, Bangor, Lewiston, and Scarborough, as well as a State Office, located in Bangor. 

  • Four rural Maine businesses to receive a total of $247,702 for Value-Added Agricultural Production from USDA

    Locally Grown farm production in Maine. Photo by Ramona du Houx

     By Ramona du Houx

    USDA is investing nearly $34 million to help 258 businesses nationwide.  In Maine, four rural agribusinesses have been selected to receive Grants for value-added production activities. 

       “This funding will enable farmers and ranchers to develop new products, improve the bottom line for their operations and help create a robust local and regional food system,” said Rural Development Deputy Under Secretary Vernita F. Dore. “Value-Added Producer Grants provide capital to enable ag producers to grow their business through diversification. USDA’s support is especially important for beginning farmers and smaller farm operations.”

       In Maine, four rural agribusinesses have been selected to receive a total of $247,702 for value-added production activities.

     “This investment by USDA Rural Development supports the innovation and vision of these four rural Maine agricultural entrepreneurs who are looking to expand marketing opportunities for their value-added agricultural products. These grants will help contribute to the long-term sustainability of each business and aid in retaining and creating jobs in Maine,” said USDA Rural Development State Director Virginia Manuel.

    • Century Elm Farms, dba Boothby's Orchard and Farm located in Livermore has been selected to receive a Value-Added Producer Grant in the amount of $48,299. Funds will be used to brand and expand the existing unpasteurized apple cider and winemaking operations through process improvements and enhanced marketing.
    • Maine Top Mill, LLC, located in Waldoboro has been selected to receive a Value-Added Producer Grant in the amount of $49,990. Funds will be used to pay for spinning raw alpaca fiber into a very fine yarn with the aid of a marketing campaign and a direct selling e-commerce portal on the company's website. Funds will also be used to produce samples and kits to market.
    • Aroostook Hops, LLC, located in Westfield has been selected to receive a Value-Added Producer Grant in the amount of $24,413. Funds will be used to pay for labor costs and to purchase consumable supplies to produce pelletized hops from fresh hops and to package the pellets in nitrogen-flushed, vacuum-sealed, labeled Mylar bags as well as for marketing and promotional expenses.
    • Cara Sammons, dba Flying Goat Farm, located in Acton has been selected to receive a Value-Added Producer Grant in the amount of $125,000. Funds will be used to pay for packaging materials, labor costs and marketing expenses associated with increasing production as well as hiring personnel to do routine tasks such as cheese room cleaning, packaging, making deliveries to established retail outlets and restaurants, selling cheese at farmers markets, and bookkeeping.

       Value-Added Producer Grants can be used to develop new agricultural products or additional markets for existing ones. Military veterans, socially-disadvantaged and beginning farmers and ranchers, operators of small- and medium-sized family farms and ranches, and farmer and rancher cooperatives are given priority when applying for these grants.

       Funding of each award announced today is contingent upon the recipient meeting the terms of the grant agreement.  

       Since 2009, USDA has awarded 1,115 Value-Added Producer Grants totaling $154 million. Approximately 18 percent of the grants and 14 percent of total funding has been awarded to beginning farmers and ranchers. During 2015, more than one-third of Value-Added awards went to farmers and ranchers developing products for the local foods sector.

       Value-Added Producer Grants are a key element of USDA’s Know Your Farmer, Know Your Food Initiative, which coordinates the Department’s work on local and regional food systems. These are major contributors to rural economic development. Congress increased funding for the Value-Added program when it passed the 2014 Farm Bill. That measure builds on historic economic gains in rural America over the past seven years, while achieving meaningful reform and billions of dollars in savings for taxpayers.

       Rural Development helped 84 agricultural producers carry out local foods projects in 2014 through almost $8.9 million in Value-Added Producer Grant awards.

         USDA Rural Development has Area Offices located in Presque Isle, Bangor, Lewiston, and Scarborough, as well as a State Office, located in Bangor.

     Further information on rural programs is available at a local USDA Rural Development office or by visiting USDA Rural Development's web site at http://www.rd.usda.gov/me.