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. |
| Forestry Loan Program | VEDA recognizes that Vermont forestry and forest products-based businesses are a vital source of innovation, employment, and economic growth in Vermont and have faced challenges related to unpredictable weather events and changing markets. To help these businesses, VEDA created a special $3.0 million loan program to offer loans up to $500,000 at a subsidized interest rate to meet the working capital and capital-asset financing needs of businesses in the forest products sector. The program is available for up to one year or when the allocated $3 million runs out. Other forestry loans remain available through VEDA’s regular agricultural and forestry loan program. |
