USDA Releases Guidelines On Federal Loans For Hemp Industry

This provides guidance on Direct and Guaranteed loans for industrial hemp producers

“With the Federal Government now recognizing hemp as an agricultural commodity, the USDA will soon see its presence within both their Direct and Guaranteed case files. While it’s understood that this new commodity will likely produce some servicing challenges because of State and Federal regulations, it should be treated as closely as possible to any other agricultural commodity and serviced in the same manner. Guidance is being provided to assist Agency employees in servicing their Direct and Guaranteed loan caseloads where hemp is being produced.”

To Read The Memo, Click The Link Below

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