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The Biden administration on Wednesday unveiled more than $223 million in grants and loans to increase competition and economic opportunities for meat and poultry processors and producers around the country. These announcements support the Biden-Harris administration's Action Plan for a Fairer, More Competitive, and More Resilient Meat and Poultry Supply Chain, which dedicates resources to expand independent processing capacity, USDA said. The Agency decides to continue use of the collection past the.
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Check the notice of the grant at. "The National Cattlemen's Beed Association (NCBA) has long advocated for expanded processing capacity to provide cattle producers with additional options for turning their cattle into high-quality beef. To ensure that the Initiative delivers a curriculum based on industry best practices for underwriting, financing, and supporting meat and poultry processing businesses, CIF is seeking lenders, technical assistance providers, and business owners with experience in financing, developing, or operating meat and poultry processing businesses to provide subject matter expertise and function as hands-on curriculum developers. In Omaha, Neb., today, Agriculture Secretary Tom Vilsack will announce $223 million in grants and loans to expand meat and poultry processing capacity and to address supply chain problems. Applicants should be willing to provide collateral, but applicants who do not have adequate collateral to pledge will still be considered. Completed responses must be submitted electronically by no later than 4:00 p. m. Eastern Standard Time, October 14, 2022, via the USNH Public Solicitation Site. For full functionality of this site it is necessary to enable JavaScript.
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Program Application Period. Participation loans with bank lenders are allowed and encouraged, especially for larger projects. USDA's Office of Rural Development has announced that the second round of applications for the Meat and Poultry Intermediary Lending Program (MPILP) will open on November 1, 2022. On 2 November 2022, the U. S. Department of Agriculture (USDA) awarded USD 10 million to the intermediary lender Lewis and Clark Regional Development Council to support meat and poultry processing in North Dakota. Strengthening Local and Regional Food Systems: Vermont Livestock Slaughter & Processing connects hundreds of farmers in Vermont and the Northeast with the individuals, families, schools, and businesses they supply. Among the projects aided by USDA funding was expansion of cattle slaughter by Greater Omaha Packing Co. by 700 head a day.
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Beyond the $223 million, USDA expects to announce additional projects either in December or early next year, as well as open applications for another $150 million in funding for a second round of project announcements that would come later in 2023. "We're excited about these projects, " Vilsack said on a call Tuesday with reporters. To access the technical assistance or for more information, contact Hannah Vargason. All loans require concurrence from USDA on the underwriting recommendation. "We are grateful for this award from USDA and look forward to its positive impact on the meat and poultry processing industry across Minnesota. While the funding, which comes from the American Rescue Plan, is meant to improve resiliency in supply chains, groups such as the North American Meat Institute (NAMI) had criticized USDA's plans earlier this year to use taxpayer dollars to compete with private packing plants. A partial list of required documents appears below. "We anticipate and expect over 1, 100 jobs be created on an ongoing operational basis, and that doesn't include the construction jobs that will go as a result of the expansion and construction of new facilities. "The MDA's Rural Finance Authority already oversees over $96 million in loans and is well qualified to manage and administer this money, " says MDA Commissioner Thom Petersen. The USDA will invest $200 million nationally through two rounds of program grants.
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USDA on Wednesday is rolling out awards for three different programs. In Iowa, Pure Prairie Farms Inc., a startup chicken processing facility in Charles City, Iowa, received approval for a $38. Businesses engaged or proposing to engage, in the processing of meat or poultry – either directly, or through agreements with other entities – can apply for a loan from the intermediary lender as an ultimate recipient. MPILP loans will support the following loan purposes: - Expansion of existing business. 2 million to North Prairie Butchery LLC, a proposed small beef and pork combination plant, which is associated with Faulkton rancher Troy Hadrick, according to state business filings. On a call to reporters, Vilsack was asked about community objections to meat and poultry plants, about environmental considerations, and the availability of labor. Expanding their capacity and supporting in-state meat processing is a win-win for producers, businesses, and consumers. The RFQ/P is for prospective Learning Lab participants, who should apply through the University System of New Hampshire's Public Solicitation Site. READ MORE: Time to defend cattle? All rights reserved. "The president had a number of goals when he set this plan forward last January, " Vilsack said. A link to the registration page can be found here. Reducing barriers to processing.
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President Joe Biden also started 2022 meeting with producers and laying out his administration's plan to invest as much as $1 billion to expand competition in the meatpacking industry. The grant recipient is required to provide details of ownership changes within 10 years of receiving the funds to the USDA Rural Business-Cooperative Service. Vilsack noted that most of the plants would be small and therefore not have to deal with the labor shortages that big plants have had to endure. RFQ/P Solicitation, Tentative Release Date: Monday, September 19. Trade name registration, if applicable. Broader food supply chain, including through addressing current. Natural Resources Conservation Service. Application process.
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An emergency clearance. Additional information on all these programs is available at USDA touches the lives of all Americans each day in so many positive ways. Vilsack also added the smaller operations were set up more for providing domestic and local markets. More details on these projects will be released Wednesday at Chris Clayton can be reached at.
Personal financial statement. The project sources directly from growers in Minnesota, Wisconsin, and Iowa, who are also shareholders and part owners in the company. Proof of personal equity injection. The minimum grant award is $500, 000. "We anticipate and expect additional announcements in December or early 2023, " Vilsack said. Wildlife and Pollinator Habitat. Many of these facilities are located in the middle of the country, and again, relatively small for the most part. "The producer in many of these areas today only has one option, or is faced with a significant backlog of processing, " he said. Concentration must be addressed in order to avoid future. Still, "the USDA has no plans to purchase any of these facilities, " he added.