USDA Improves Access to Capital for Tribal Farmlands with Multiple Owners

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USDA Improves Access to Capital for Tribal Farmlands with Multiple Owners
12/01/2015 01:00 PM EST

WASHINGTON, Dec. 1, 2015 – The U.S. Department of Agriculture (USDA) today announced that it is expanding the availability of farm loans for Indian tribes and members to purchase tribal farmland that has multiple owners. The improved lending opportunities are possible due to new authority granted by the 2014 Farm Bill, which allows USDA to provide revolving loan funds to qualified intermediary lenders that can relend the funds to qualified tribes and individuals. The program becomes available today, Dec.1, 2015.