Wautoma, WI
Current Conditions
0:56 AM CDT
Rain
Temperature
44°F
Dew Point
40°F
Humidity
86%
Wind
ENE at 10 mph
Barometer
29.88 in. F
Visibility
10.00 mi.
Sunrise
05:59 a.m.
Sunset
07:51 p.m.
Afternoon Forecast (12:00pm-7:00pm)
Temperatures will range from 44 to 53 degrees with cloudy skies. Winds will range between 14 and 23 miles per hour from the southeast. No precipitation is expected.
7-Day Forecast
Thursday
53°F / 42°F
Light Rain
Friday
59°F / 38°F
Sunny
Saturday
53°F / 37°F
Mostly Cloudy
Sunday
44°F / 36°F
Light Rain
Monday
46°F / 36°F
Light Rain
Tuesday
49°F / 30°F
Light Rain
Wednesday
41°F / 30°F
Light Rain
Detailed Short Term Forecast
Issued at 0:56 AM CDT
Thursday...Temperatures will range from a high of 53 to a low of 42 degrees with cloudy skies. Winds will range between 5 and 23 miles per hour from the east. 0.60 inches of rain are expected.
This Evening ...Temperatures will range from 47 to 43 degrees with cloudy skies. Winds will range between 13 and 19 miles per hour from the east. Expect rain amounts between a quarter and half of an inch.
Overnight ...Temperatures will remain steady at 44 degrees with mostly cloudy skies. Winds will range between 5 and 16 miles per hour from the south. Rain amounts between a tenth and quarter of an inch are predicted.
Friday...Temperatures will range from a high of 59 to a low of 38 degrees with mostly clear skies. Winds will range between 4 and 21 miles per hour from the westnorthwest. 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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