Wautoma, WI
Current Conditions
0:56 AM CDT
Cloudy
Temperature
77°F
Dew Point
71°F
Humidity
81%
Wind
CM at 0 mph
Barometer
29.90 in. F
Visibility
10.00 mi.
Sunrise
06:21 a.m.
Sunset
07:31 p.m.
Evening Forecast (7:00pm-Midnight)
Temperatures will range from 84 to 70 degrees with mostly cloudy skies. Winds will range between 4 and 10 miles per hour from the southwest. There is a slight chance of rain.
7-Day Forecast
Wednesday
84°F / 66°F
Mostly Cloudy
Thursday
80°F / 59°F
Partly Cloudy
Friday
80°F / 62°F
Scattered Showers
Saturday
89°F / 66°F
Scattered Showers
Sunday
87°F / 70°F
Partly Cloudy
Monday
84°F / 61°F
Scattered Showers
Tuesday
74°F / 56°F
Light Rain
Detailed Short Term Forecast
Issued at 0:56 AM CDT
Wednesday...Temperatures will range from a high of 84 to a low of 66 degrees with mostly cloudy skies. Winds will range between 3 and 10 miles per hour from the westsouthwest. No precipitation is expected.
Overnight ...Temperatures will range from 69 to 66 degrees with cloudy skies. Winds will remain steady around 4 miles per hour from the west. No precipitation is expected.
Thursday...Temperatures will range from a high of 80 to a low of 59 degrees with partly cloudy skies. Winds will range between 4 and 9 miles per hour from the northeast. No precipitation is expected.

New FSA microloans will help beginning farmers

Jan. 24, 2013 | 0 comments

USDA recently announced the start of a new loan program that will expand credit options for small farms of all types, especially young farmers and those serving local and regional food markets, including urban farmers.

"NSAC commends the Farm Service Agency for moving ahead with an innovative new microloan program that will allow USDA to better meet the credit needs of young and beginning family farmers who often face difficulty in obtaining commercial credit at the start of their new careers," says Juli Obudzinski, NSAC Policy Associate.

"This new program will provide young and beginning farmers with much needed capital to jump start their farm operations and help grow the next generation of farmers. We are also excited that these new microloans will also be available to finance the initial credit needs of the new wave of young farmers selling to local and regional markets, and will further expand the growth of local and regional food systems."

These new microloans will be funded through FSA's existing Direct Operating Loan program, and will have a maximum loan amount of $35,000, which is much lower than the $300,000 loan cap for regular FSA farm operating loans.

These smaller loans are intended to cover smaller purchases, such as seeds, animals, small equipment, or other investments that young and other beginning farmers require to finance their operations.

The new microloan program will feature a simplified and streamlined application process, and will require less paperwork for farmers to fill out and appropriately reflects the smaller loan amount.

The final rule for the proposed microloan program was published, and the Farm Service Agency (FSA), which is USDA's credit lending arm, intends to begin making these smaller loans effective immediately.

NSAC and several member organizations, including the National Young Farmers Coalition, California FarmLink, and others, spearheaded initial efforts to encourage USDA to develop a more streamlined loan program that specifically targets smaller and less-established producers who typically have smaller credit needs.

They continue to be big supporters of the FSA credit programs for family farms in general and for beginning farmers and socially disadvantaged farmers in particular.

The new microloan program helps fill an additional, important niche within the overall FSA loan portfolio.

They are very pleased with USDA's responsiveness and with the new lending option. They also continue to pursue further improvements through the farm bill process in Congress.

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