The US government is loaning millions of dollars to jumpstart urban farming


Electra Jarvis, a 27-year-old urban farming entrepreneur who is part of the Square Roots program in Brooklyn, New York. Photo by Mary Weatherill.

In 2017, he expects the USDA to funnel even more money toward farms on rooftops, in greenhouses, and in warehouses.

By Leanna Garfield
Business Insider
Dec 26, 2016


USDA Microloans, a program that offers funding up to $50,000, is specifically geared toward urban farmers. Established in 2013, the program has awarded 23,000 loans worth $518 million to farms in California, Connecticut, and Massachusetts. Though it is open to all farmers, urban farmers often apply for it because it offers the money on a smaller scale than other programs. Seventy percent (or about 16,100 of those loans) have gone to new farmers, many of them in cities.

“Urban farmers are not looking to form 10,000 acres in Missouri, but perhaps in an indoor container on a parking lot next to old factory,” Dolcini says.

Read the complete article here.

Source link