The MPPEP aims to increase competition across the economy to help lower costs for American families, and this announcement is expected to expand meat and poultry processing capacity, which in turn is expected to increase competition, supports producer income and strengthen the food supply chain to lower costs. Pure Prairie is a group of Iowa, Wisconsin, and Minnesota family chicken farmers that will provide birds for the plant. Funding is awarded under USDA's Meat and Poultry Intermediary Lending Program (MPILP). A disastrous effect on worker safety, producers' livelihood, and. These announcements support the Biden-Harris administration's Action Plan for a Fairer, More Competitive, and More Resilient Meat and Poultry Supply Chain, which dedicates resources to expand independent processing capacity, USDA said. The awards included $73 million in grants to 21 projects in the first round of the Meat and Poultry Processing Expansion Program, $75 million to eight projects through the Meat and Poultry Intermediary Lending Program and $75 million to four meat and poultry-related through the Food Supply Chain Guaranteed Loan Program. BISMARCK, ND (KXNET) — U. S. Department of Agriculture (USDA) Rural Development State Director Erin Oban today announced that USDA Rural Development is investing $471, 525 in North Dakota through the first round of the Meat and Poultry Processing Expansion Program (MPPEP) and $10 million through the Meat and Poultry Intermediary Lending Program. The RFQ/P is for prospective Learning Lab participants, who should apply through the University System of New Hampshire's Public Solicitation Site. Waterway Protection. We will not be able to respond to direct inquiries regarding the RFQ/P during the solicitation period. Expanding their capacity and supporting in-state meat processing is a win-win for producers, businesses, and consumers.
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Meat And Poultry Intermediary Lending Program Information
The announcement comes after a commitment from President Biden through the American Rescue Plan to expand meat and poultry processing capacity, which in turn increases competition, supports producer income, strengthens the food supply chain, and creates jobs and economic opportunities in rural areas. ANNOUNCED AS TEMPORARYNo. Additionally, $75 million will be invested in eight projects through the Meat and Poultry Intermediary Lending Program, as well as more than $75 million for four meat- and poultry-related projects through the Food Supply Chain Guaranteed Loan program. Under the Meat and Poultry Intermediary Lending Program, rural economic development authorities in Georgia, Iowa, Minnesota, Montana, North Carolina, North Dakota and South Dakota received grants that will allow these local economic development groups to provide loans, grants and infrastructure to aid smaller processing facilities in their states as well. Through investments in small- and medium-size processors, the government seeks to strengthen local and regional food systems, reduce barriers to processing, create jobs and lower costs for consumers by expanding their options for meat and poultry products. GROW South Dakota will assist approximately 16 meat and/or poultry processors at an average loan of $500, 000 per business and will inject needed capital into the processing industry and advance economic opportunities. Restoring jobs in rural places: Pure Prairie, recently purchased a shuttered poultry plant in Charles City, Iowa, with the goal of returning hundreds of jobs to the small rural community and increasing poultry processing in the upper Midwest. Program Application Period. USDA is hosting an informational webinar this Thursday, October 27th, at 2 pm ET to discuss the program's purpose, applicant eligibility, and the application process. This modern, federally inspected facility will offer livestock producers the ability for custom harvest, packaging, and labeling.
Vermont Livestock Slaughter & Processing, Ferrisburgh, Vt., will use MPPEP investment, to modernize their multi-species processing facility, potentially tripling their throughput. Furthermore, MPILP is a. key plank of the Biden-Harris Action Plan for a Fairer, More. Inventory as of this Action. To learn more, visit Joseph R. Biden, Press Release - Biden-Harris Administration Announces First Round of Historic Investments to Increase Competition and Expand Meat and Poultry Processing Capacity Online by Gerhard Peters and John T. Woolley, The American Presidency Project. Walz and his administration as they pursued this funding to strengthen rural Minnesota's economy. Affordable capital to address the ongoing need for meat and poultry. C) Copyright 2022 DTN, LLC. Other entities throughout the country are listed in a chart released by USDA. MPILP will expand access to financing.
Meat And Poultry Intermediary Lending Program Application
The Planning and Development District III service area includes 3 Tribal Governments – Crow Creek, Lower Brule Sioux and Yankton Sioux; and 15 counties- Aurora, Bon Homme, Brule, Buffalo, Charles Mix, Davison, Douglas, Gregory, Hanson, Hutchinson, Jerauld, Lyman, Sanborn, Tripp and Yankton. Address - United States. The Biden administration on Wednesday unveiled more than $223 million in grants and loans to increase competition and economic opportunities for meat and poultry processors and producers around the country. The program will support new investments in infrastructure for food aggregation, processing, manufacturing, storage, transportation, wholesaling, and distribution to increase capacity and create a more resilient, diverse, and secure US food supply chain. Completed applications for second round of funding must be submitted electronically by no later than 11:59 p. Eastern Standard Time, December 31, 2022, through. RFQ/P Response Period.
Minnesota Farmers Union members have championed increased investment in small and medium-sized meat and poultry processors at the state and federal level for several years, notes MFU President Gary Wertish. Please find all information related to the RFQ/P and direct all questions to the Q&A Board in the USNH Public Solicitation Site. Participation loans with bank lenders are allowed and encouraged, especially for larger projects. Application process. "Since President Biden laid out a commitment at the start of this year, USDA has worked tirelessly to give farmers and ranchers a fair chance to compete in the marketplace, which in turn helps lower food costs for the American people, " said USDA Secretary of Agriculture Tom Vilsack. 2 million loan guarantee to buy equipment to produce prepared foods. The Learning Lab cohort will help test and refine the training curriculum and other technical assistance resources. Additional information on all these programs is available at USDA touches the lives of all Americans each day in so many positive ways. Purchasing transferable cooperative stock.
"The MDA's Rural Finance Authority already oversees over $96 million in loans and is well qualified to manage and administer this money, " says MDA Commissioner Thom Petersen. Concentration within the meat and poultry sector had. Asked about whether the agency might be investing in smaller players only to have them get bought out by larger corporations, USDA officials said the agency would be notified of a potential sale or change in ownership under the requirements of the programs announced Wednesday. Today, the cattle industry needs more targeted capacity in high-need areas, and we look forward to these facilities launching and expanding operations, " said NCBA Senior Director of Government Affairs Tanner Beymer. The program will be available through the department's Rural Finance Authority.
Farm Service Agency. Cutting Edge provides pork and beef processing for producers in Mississippi, Alabama, Louisiana, and Florida. "We appreciate USDA working with NCBA to strengthen the marketplace and support America's cattle producers. U. S. Department of Agriculture (USDA) Secretary Tom Vilsack announced that the Biden-Harris Administration is investing $73 million in 21 grant projects through the first round of the Meat and Poultry Processing Expansion Program (MPPEP). So, I don't think exports are really on the minds of most of these facilities. As President Biden highlighted earlier this year, creating fairer markets and more opportunities for family farmers helps bring down prices at the grocery store. The non-profit will be able to use the funds to provide average loans of $500, 000 per business to develop benefiting processors. Funds can be used to purchase land or equipment, cover startup costs and make other business investments. Vilsack said USDA had received 300 applications for the programs and deemed 40 worthy of review. Documents: Soft Copy - View. The objective of the MPILP is to strengthen the financing system for independent meat processors, and to create a more resilient, diverse and secure the U. food supply chain. In the future, we hope to see even greater alignment in supporting small meat processors across USDA's agencies and services. Loans may be available outside of Nebraska if adequate funds remain available. Product classification -.
Meat And Poultry Intermediary Lending Program Software
All loans require concurrence from USDA on the underwriting recommendation. IMPLEMENTATION LEVELNational. Beyond the $223 million, USDA expects to announce additional projects either in December or early next year, as well as open applications for another $150 million in funding for a second round of project announcements that would come later in 2023. South Dakota receives $12.
Competing at scale: Greater Omaha Packing in Omaha, Nebraska, will open new opportunities for cattle producers by expanding their beef processing capacity by 700 head per day. The minimum grant award is $500, 000. Make sure cookies are enabled or try opening a new browser window. "This required a comprehensive approach, it required new programs that would provide resources toward expanding capacity and markets, provide resources for strengthening the supply chain between the farmer and the consumer and making sure there was the availability of credit when the opportunity or circumstances required it. The project sources directly from growers in Minnesota, Wisconsin, and Iowa, who are also shareholders and part owners in the company. 98 million for expansion at Greater Omaha Packing Co. Vilsack spotlighted the Montana Premium Processing Cooperative, which is a partnership between Montana Farmers Union and Farmers Union Industries.
District III will establish a financial resource that builds District III's lending capacity while focusing on a chronic economic challenge, namely creating value added agricultural alternatives. Applications for the second cycle ($125 million) are being accepted and are due Dec. 31. For full functionality of this site it is necessary to enable JavaScript. To access the technical assistance or for more information, contact Hannah Vargason. Direct Farm Operating Loan. USDA stated meat processing in Vermont "is currently a bottleneck in the region with many producers having to wait significant periods for the service. " USDA awards $223 million to expand meat processing capacity. While the funding, which comes from the American Rescue Plan, is meant to improve resiliency in supply chains, groups such as the North American Meat Institute (NAMI) had criticized USDA's plans earlier this year to use taxpayer dollars to compete with private packing plants.
MPPEP delivers on President Biden's call to increase competition across the economy to help lower costs for American families. Applicants should be willing to provide collateral, but applicants who do not have adequate collateral to pledge will still be considered. Modernizing equipment or facilities to ensure food safety. Farm Service Agency · Due Jun 2.
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