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A link to the registration page can be found here. 7M in grants from USDA meat and poultry program. "I'm confident there is strong community support for the projects, " he responded when asked about the pushback seen in some areas to meat processing plants opening or expanding. Additional announcements are expected in the coming weeks.
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USDA states the goals of the investments are: -. District III, a voluntary association of county, municipal and tribal governments, received $2, 375, 000 to create value-added agriculture alternative opportunities in the 15-county region it represents. Facilities update or expansion. MPILP will expand access to financing. Trade name registration, if applicable. NON-TRADE-RELATED RATIONALENo. And family-owned New Stockton Poultry in Stockton, Calif., sources and processes specialty chickens to meet demand within a variety of immigrant and other communities. Wildlife and Pollinator Habitat. Description - Global Tenders is not only confined to tenders but we also upload crucial information, from future prospects to past market records. The awards included $73 million in grants to 21 projects in the first round of the Meat and Poultry Processing Expansion Program, $75 million to eight projects through the Meat and Poultry Intermediary Lending Program and $75 million to four meat and poultry-related through the Food Supply Chain Guaranteed Loan Program. Loans of up to $10 million will be available at a 3 percent fixed interest rate with a term of up to 10 years. In addition, MPILP loans will be charged a closing fee between 1% and 3% of the loan amount depending on loan size, loan complexity, and credit risk.
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"These funds will assist rural entrepreneurs in expanding their businesses, which is welcome news for livestock farmers, " Wertish said. Increased competition would support farmer income, said the USDA. The objective of the MPILP is to strengthen the financing system for independent meat processors, and to create a more resilient, diverse and secure the U. food supply chain. A revolving loan fund that focuses on meat and poultry processing will complement and enhance a number of existing state-funded grant programs. It creates new markets, new jobs and builds our economy, " says Colleen Landkamer, USDA Rural Development state director. U. S. Department of Agriculture (USDA) Secretary Tom Vilsack announced the money through the first round of the Meat and Poultry Intermediary Lending Program. Modernizing or expanding an existing facility. Deadline - Dec 31, 2023. The USDA will invest $200 million nationally through two rounds of program grants. These trainings will cover the knowledge, skills, and practices you need to finance meat and poultry processing businesses, including market assessment, product development, underwriting and deal structuring, and program and asset management, and support your borrowers through connections to technical expertise. Priority for the Biden-Harris Administration. "This loan program will help processors increase their capacity to better serve Minnesotans and ease supply chain disruptions we've witnessed over the past several years. Offsetting start-up costs, working capital, fees, and other expenses related to federal inspection.
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Acting on a directive from the Biden-Harris administration, the US Department of Agriculture is offering more than $223 million in grants and loans toward growing competition and expanding meat and poultry processing capacity in the United States. SEEKING FINANCING OR BUSINESS EXPERIENCE IN MEAT AND POULTRY PROCESSING. P[L1] D[0x0] M[300x250] OOP[F] ADUNIT[] T[]. "At USDA, we have been focused on developing more markets for our producers by expanding capacity and competition, " said Agriculture Secretary Tom Vilsack during a conference call with journalists to discuss the programs. The minimum grant award is $500, 000. Instructions how to enable JavaScript in your web browser. Funding is awarded under USDA's Meat and Poultry Intermediary Lending Program (MPILP).
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Restoring jobs in rural places: Pure Prairie, recently purchased a shuttered poultry plant in Charles City, Iowa, with the goal of returning hundreds of jobs to the small rural community and increasing poultry processing in the upper Midwest. 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. Expanding their capacity and supporting in-state meat processing is a win-win for producers, businesses, and consumers. Resiliency of the meat and poultry processing sector and the. A partial list of required documents appears below. "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. Empowering family-owned businesses. Documents: Soft Copy - View. This announcement will expand meat and poultry processing capacity, which in turn increases competition, supports producer income, and strengthens the food supply chain to lower costs for working families and create jobs and economic opportunities in rural areas. Purchase of an existing business. The non-profit will be able to use the funds to provide average loans of $500, 000 per business to develop benefiting processors. Amortization periods for the MPILP Loan Fund will be from 1 year to 30 years based on the use of funds, with working capital or construction loans being available on terms from 1 to 3 years, equipment or facility upgrades on terms of 3 to 15 years, and construction or real estate on terms of 10 to 30 years. More information regarding the program and its potential uses can be found here.