US Federal grants are just another type of grant for the US citizens. There is one web page, benefits.gov which can be very helpful for you. There you’ll find all the information you need about the types of grants including the one you want for agriculture. Here you’ll also find out whether you are eligible for a grant and how can you apply. Always keep in mind that there is a big difference between grants and loans. Loans have to be paid back, and in many case, with an interest, and grants don’t have to be paid back. If you are looking for loans, go to govloans,com and read about everything you need to know.
Even though you are not paying back the grant, still, a small amount of the money is available for individuals, greater part of these grants go for organizations, states, counties, states and universities. Grants.gov is the perfect site to go to and look for information.
A very good program for US Federal grants for agriculture is the one which helps famers to start a business or expand an existing one. No matter if you are experienced farmer or you are new into it, there will be many times when you’ll need financial aid in order to help your business out, expand or even start a new business. You should think about some things if you are planning on applying. Think about it is smart for you to buy a ranch, or you should just lease it. Think about what will you need to buy – a tractor, livestock, pipes or green house. Consider natural disasters like droughts, floods and storms and if they are a treat to your business.
The Farm Service Agency (FSA) is part from the USDA – US Department of Agriculture. You can be eligible for a grant from the Farm Loan Programs if you can’t receive credit In any other place and you need money to stat or sustain the farm business. The difference between these grants and loans for agriculture and the loans from a commercial lender is that the FSA grants are only temporary and help you in bettering your business but also getting to credits. When you become able to obtain a credit, you stop receiving money as a grant. Officers working in the FSA can help you with your application. There will be parts from your application for which you’ll need to get an advice from a professional, for example, for the part with developing a business plan, you may need advice from a business advisor. Every farmer and rancher has a different plan, so every application is different.
There are guaranteed loans which are given by commercial lenders like banks, credit unions and Farm Credit System. The FSA guarantees this loan up to 95%.
Direct loans are made by the FSA with the help of Government money. The FSA has to organize supervision to its borrowers and thus help the applicants to evaluate the adequacy of the real estate they own, the machinery, the equipment and their goals.