October 24, 2022

More than $11 million in funds from the United States Department of Agriculture’s Food Supply Chain Guaranteed Loan Program will help a rural Iowa freeze-dried egg manufacturer expand capacity and create jobs.
U.S. Secretary of Agriculture Tom Vilsack visited Crystal Freeze Dry LLC to announce the department’s first investment through this program, with $11.1 million going to the family-owned manufacturer located in Panora, Iowa. The funding is part of the Administration’s commitment to strengthening critical food supply chain infrastructure and creating job opportunities.
Iowa is the No. 1 state in egg production, being home to more than 58,000 hens, producing 16 billion eggs. Crystal Freeze Dry LLC, dba Nutriom does not own any farms, but sources all raw liquid eggs from local producers. The federal funds will be used to expand the business to create jobs in Guthrie County and also to purchase equipment, refinance debt and support working capital.
“The Biden-Harris Administration is investing in ways to create more, new and better market opportunities for farmers and increase access to healthy food options for people across the nation,” Vilsack said. “Through the Food Supply Chain Guaranteed Loan Program, USDA has become a stronger partner to small and midsize farmers everywhere by backing private investments to expand processing capacity that will strengthen the food supply chain for the American people. This investment is the first of many that will help to eliminate supply chain bottlenecks and create more resilient, diverse and secure food supply infrastructure right here at home.”
These funds became available through the American Rescue Plan Act. In December 2021, USDA announced that it deployed $100 million through the Food Supply Chain Guaranteed Loan Program to make available nearly $1 billion in loan guarantees. The loan guarantees will back private investment in processing and food supply infrastructure that will strengthen the food supply chain for the American people.
The Nutriom loan guarantee is the first to be announced by the USDA under the new program. Vilsack said 14 loans have been approved and another 31 are pending, for a total of about $724 million. The other projects are expected to be announced soon.
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