Expands With Endocrine & Diabetes Clinic On The Eastern Shore - Secretary Of Agriculture Announces $223 Million Investments To Expand Meat And Poultry Processing | Livestock | Hpj.Com

Wednesday, 31 July 2024

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Minimum Award Amount. Additionally, $75 million will be invested in eight projects through the Meat and Poultry Intermediary Lending Program, as well as more than $75 million for four meat- and poultry-related projects through the Food Supply Chain Guaranteed Loan program. The maximum, aggregate grant award is $15 million, and applicants can apply for funds up to this aggregate amount in more than one cycle. This information was gathered from public sources. MPILP loans are available to primary (slaughter) and secondary (cut, pack, value added) meat processors. Strengthening Local and Regional Food Systems. Application process. Capacity will help create a more diverse and secure U. S. food. Vilsack said the goals of these financial investments are to support producer-focused business models, strengthen local and regional food systems, reduce barriers to processing, allow all processors to compete at scale, restore jobs in rural places and empower family-owned businesses. Empowering family-owned businesses. Summary - Csra Rural Lending Authority - Meat And Poultry Intermediary Lending Program. Application Instructions. Competing at scale: Greater Omaha Packing in Omaha, Nebraska, will open new opportunities for cattle producers by expanding their beef processing capacity by 700 head per day. On a call to reporters, Vilsack was asked about community objections to meat and poultry plants, about environmental considerations, and the availability of labor.

Meat &Amp; Poultry Intermediary Lending Program

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. The minimum grant award is $500, 000. NON-TRADE-RELATED RATIONALENo. Processing enterprises in America's rural and urban communities. USDA awards $223 million to expand meat processing capacity. 98 million for expansion at Greater Omaha Packing Co. Vilsack spotlighted the Montana Premium Processing Cooperative, which is a partnership between Montana Farmers Union and Farmers Union Industries. 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. Additional information on all these programs is available at USDA touches the lives of all Americans each day in so many positive ways. Previously Approved. Minnesota is getting $15 million from USDA to establish a revolving loan program that will support small and medium-sized meat and poultry processors. 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.

Meat & Poultry Intermediary Lending Program

Private nonprofit corporations, public agencies, Tribes, and cooperatives that finance – or plan to finance – the start-up, expansion, or operation of meat and poultry processing are eligible to apply. Description - Global Tenders is not only confined to tenders but we also upload crucial information, from future prospects to past market records. The USDA received more than 300 applicants for the grants, with the impact on the surrounding communities among the factors considered, Vilsack said. Asked about whether the agency might be investing in smaller players only to have them get bought out by larger corporations, USDA officials said the agency would be notified of a potential sale or change in ownership under the requirements of the programs announced Wednesday. The 21 grant projects include projects in 16 states. MPILP loans will support the following loan purposes: - Expansion of existing business. Follow him on Twitter @ChrisClaytonDTN. Vilsack added, however, that USDA has no plans to buy any of the plants. "We're excited about these projects, " Vilsack said on a call Tuesday with reporters. To the need to effectively implement the program as quickly as. In total, these announcements invest over $223 million in grants and loans to support small to mid-sized meat processing facilities. Farm Service Agency.

Meat And Poultry Intermediary Lending Program.Html

Some 275 jobs would be added with the expansion. Reducing barriers to processing: Cutting Edge Meat Company, a facility in Leakesville, Mississippi, provides pork and beef processing for producers in Mississippi, Alabama, Louisiana, and Florida. Ensuring compliance with occupational and other safety requirements. Instructions how to enable JavaScript in your web browser. With this investment, they will significantly increase their capacity and shorten the six-month backlog for processing currently facing producers. "This loan program acts as a catalyst for rural prosperity by opening opportunities to expand local and regional processing capacity and increase competition within the meat industry, " says USDA Rural Development Minnesota State Director Colleen Landkamer. Other entities throughout the country are listed in a chart released by USDA. A link to the registration page can be found here. A revolving loan fund that focuses on meat and poultry processing will complement and enhance a number of existing state-funded grant programs. 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. Additional information on all these programs is available at. 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. Loans may be available outside of Nebraska if adequate funds remain available. Loans of up to $10 million will be available at a 3 percent fixed interest rate with a term of up to 10 years.

Meat And Poultry Intermediary Lending Program Lenders

All applicant entities must have a current and active registration in the System for Award Management (SAM) in order to file an MPILP application. "We anticipate and expect additional announcements in December or early 2023, " Vilsack said. An emergency clearance. Farm Storage Facility Loan Program (FSFL). Loans of up to $10 million are available.

Meat And Poultry Intermediary Lending Program News

"We think it's going to expand capacity in beef, pork and mixed processing by over 500, 000 per year, " Vilsack said. All information is subject to change. Priority for the Biden-Harris Administration. What types of intermediaries can apply for this program?

"One of the things that is a requirement of this program is that the agency is notified if a sale or change in total or partial ownership of the facility is under consideration, " said Karama Neal, administrator for the Rural Business-Cooperative Service. Each loan is unique, and additional documents may be required based on the circumstances of the loan.