LAS VEGAS, Dec. 6, 2016 - Agriculture Under Secretary Michael T. Scuse today announced that the U.S. Department of Agriculture (USDA) has approved and obligated the first loan under the Highly Fractionated Indian Land Loan program (HFIL). The program provides revolving loan funds to qualified intermediary lenders, allowing qualified tribes and individuals the ability to purchase tribal farmland that has multiple owners. Scuse made the announcement during the Intertribal Agriculture Council Membership meeting in Las Vegas, Nev.
"This program was created to address a longstanding barrier to agricultural financing in Indian Country," said Scuse. "Working with intermediary lenders, the program allows USDA to help increase the availability of farm loans to Native Americans who want to start or expand a farming or ranching operation on Indian lands."
Keep it Clean. Please avoid obscene, vulgar, lewd,
racist or sexually-oriented language. PLEASE TURN OFF YOUR CAPS LOCK. Don't Threaten. Threats of harming another
person will not be tolerated. Be Truthful. Don't knowingly lie about anyone
or anything. Be Nice. No racism, sexism or any sort of -ism
that is degrading to another person. Be Proactive. Use the 'Report' link on
each comment to let us know of abusive posts. Share with Us. We'd love to hear eyewitness
accounts, the history behind an article.
(0) comments
Welcome to the discussion.
Please log in, or sign up for a new, free account to read or post comments.
Log In
Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.