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USDA Has More Funds Available for Renewable Energy Loan Guarantees
USAgNet - 07/19/2019

Acting Assistant to the Secretary for Rural Development Joel Baxley encouraged farmers, rural small businesses and agricultural producers to apply for financing in a key USDA program that provides loan guarantees to help rural small businesses lower their energy costs.

"Under the leadership of President Trump and Agriculture Secretary Perdue, USDA is committed to increasing economic development in rural communities across the country through strong partnerships with rural businesses," Baxley said. "USDA's Rural Energy for America Program (REAP) is an important tool to help strengthen and grow the rural economy."

USDA accepts applications for REAP funding year-round. Potential applicants should contact their state USDA Rural Development office for additional information.

REAP funding can be used for renewable energy systems such as anaerobic digesters, biomass, geothermal, hydropower, wind and solar. It also can be used to make energy efficiency improvements to heating, ventilation and cooling systems; insulation; and lighting and refrigeration. Below are some examples of USDA's REAP investments.

In April 2017, President Trump established the Interagency Task Force on Agriculture and Rural Prosperity to identify legislative, regulatory and policy changes that could promote agriculture and prosperity in rural communities. In January 2018, Secretary Perdue presented the Task Force's findings to President Trump. These findings included 31 recommendations to align the federal government with state, local and tribal governments to take advantage of opportunities that exist in rural America. Supporting the rural workforce was a cornerstone recommendation of the task force.

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