Sweet potato growers could see state aid
by Associated Press
Published: March 12,2010
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.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Expert on airlines predicts Jackson-Evers will keep remaining carriers
- IKE TROTTER: There are primary changes in Social Security for 2014
- MAN OF STEEL: Madhu Ranade leading Severstal Columbus
- Alcorn's finances being investigated; CFO resigns
- C Spire launches next phase of 1-gig service rollout
- Keeping our eye on... Liz Lancaster
- Hood issues opinion on open-carry gun law
- State granted delay in implementing teacher evaluations
- NEW ORLEANS SAINTS MOVING — Mississippi company has the task of moving the football team
- GOP Sen. Thad Cochran to run for seventh term