Bill would expand startup loans for farmers


3 SUE:MAKING IT EASIER FOR FARMERS TO START UP NEW OPERATIONS IS THE FOCUS OF A NEW BILL INTRODUCED BY SENATOR GARY PETERS 3 SENATOR PETERS TOURED DREAM WINDS DAIRY FARM IN OTTAWA COUNTY, WHERE HE TALKED ABOUT EXPANDED AN EXISTING PROGRAM FROM THE USDA THAT PROVIDES FUNDS FOR FARMERS BUT RUNS OUT OF MONEY WELL BEFORE THE FISCAL YEAR ENDSTHE DEMAND, SAYS THE SENATOR DOESN'T END EITHER 3 ((WE NEED TO MAKE SURE THAT OUR FARMERS ESPECIALLY OUR START UP FARMERS HAVE THE RESOURCES THEY NEED SO THEY CAN GET A LOAN IT TAKES MONEY TO START THIS OPERATION AND A NEW FARMER NEEDS SOME ADDITIONAL HELP TO MAKE THAT HAPPEN BUT IF YOU CREATE THOSE FINICAL OPPORTUNITIES FOR YOUNG FARMERS, WE'RE GOING TO CREATE MORE JOBS, YOU'RE GOING TO CREATE MORE FARMS YOU'RE GOING TO HAVE A RESURGENCE OF AGRICULTURE

))SENATOR PETERS SAYS THERE ARE ALREADY MORE THAN 2,300 MICHIGAN FARMS WITH THOSE TYPE OF USDA LOANS

Source: Youtube


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