Agricultural Financing

Program Title Program Details

Vermont Agricultural Credit Corporation

Loans are available to Vermont farmers, agricultural facilities, forestry and forest product-based businesses to help start a business,  strengthen existing farm operations, encourage diversification, and encourage marketing and processing of Vermont agricultural and forestry products. Through VACC, “Farm Operations” means the cultivation of land or other uses of land for the production of (among other things) food, orchard products, maple syrup or forest crops. Also included is the raising, boarding and training of equines and the raising of livestock.

Agricultural Energy Loan Program

This program helps Vermont agriculture- and forest product-based businesses to finance qualifying renewable energy generation and energy efficiency improvement projects, and to adopt technologies that enhance or support the development and implementation of renewable energy or energy efficiency, or both.

EDA Business Recovery Fund Loan Program

This program helps Vermont agriculture- and forest product-based businesses that were negatively impacted by the 2011 spring floods, Tropical Storm Irene or the lack of snow during the Vermont 2011-2012 winter. The Program may make loans up to $250,000 for machinery and equipment acquisitions or for working capital purposes. As a general rule, borrowers are required to provide at least 10% of the project cost in the form of equity.

 

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