New USDA Program Aims to Create More Jobs
WASINGTONG, D.C. - Rural Nebraska would see more jobs created under a federal proposal being touted by U.S. Ag Secretary Tom Vilsack. The former Iowa governor says the new Rural Business Investment Program will allow USDA to facilitate private equity investments in ag-related businesses. Eight Farm Credit institutions have pledged to invest $150 million in the new program. Vilsack says in the past decade, such efforts have only involved loans or loan guarantees. Vilsack says a Rural Opportunity Investment Conference is planned for this summer. It's designed to connect major investors with rural business leaders, government officials, economic development experts and other partners.