USDA Deputy Under Secretary for Rural Development Victor Vasquez announced Monday Recovery Act investments for businesses in Iowa, Mississippi, Nebraska, North Carolina, Ohio, Oregon, Pennsylvania, Washington and Wisconsin through the Know Your Farmer, Know Your Food initiative. The guaranteed loans are from USDA Rural Development's Business and Industry Guaranteed Loan Program, a program receiving $1.57 billion in funding to help rural businesses stimulate economies and support their local communities through the American Recovery and Reinvestment Act.
The Know Your Farmer, Know Your Food initiative seeks to create economic opportunities, promote local and regional food systems and encourage a national conversation about what people eat and where it comes from to benefit all producers. Vasquez says the funding will help create and save jobs and build on America's economic recovery.
Ag Secretary Tom Vilsack says U.S. farmers are the most productive in the world, supplying much of the nation's food and in so doing are creating the jobs that are necessary to strengthen the economy. By connecting farmers and ranchers more closely with consumers of food, Vilsack says USDA is creating new economic opportunities for producers and helping consumers to access healthy, nutritious food.
More information on Recovery Act efforts is online at www.usda.gov/recovery.