Sweet potato growers could see state aid
by Associated Press
Published: March 12,2010
Tags: agriculture, disaster relief, Legislature, sweet potatoes
JACKSON — The state Senate has passed a bill to establish a fund to provide loans to sweet potato farmers, many of whom lost much of their crop last year because of the unusually heavy rains during harvest time.
Under the bill, a sweet potato farmer could apply for a 2.5 percent interest rate loan. They would have five to seven years to repay the loan. The state would issue bonds to pay the bank in case of defaults.
The Northeast Mississippi Daily Journal reports the bill would allow sweet potato farmers to apply for up to $1,700 per acre, which would cover about half of the production costs, excluding machinery.
The legislation now goes back to the House for consideration of Senate changes.
The bill is House Bill 1681.
![[Print]](http://msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/print.png)
![[Email]](http://msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/email_2.png)
![[RSS Feed]](http://msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/rssfeed.png)
![[del.icio.us]](http://msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/delicious.png)
![[Digg]](http://msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/digg.png)
![[Facebook]](http://msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/facebook.png)
To sign up for Mississippi Business Daily Updates, click here.
Recent Posts
- Court: Fees paid to private lawyers to represent state are public funds
- Senate approves 60-day extension of federal flood insurance program
- Coast casinos up, riverboats down in April
- Topazi retiring as COO of Southern Company
- Historic train getting renovations, but city needs $250K to complete project
- MBJ EDITORIAL: Questions we should ask the new chief of the MDA
- Forecasters: Atlantic could see 15 storms this hurricane season
- Louisiana PSC approves Entergy’s bid to join MISO
POST A COMMENT