Sweet potato growers could see state aid
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.
FOLLOW THE MBJ ON TWITTERMy Tweets
Twang & Tourism: The Country Music Trail
Top Posts & Pages
- Brandon man hauls in record 756-pound alligator
- Officials set hunting dates for birds; expands dove season by 20 days
- McDaniel delays decision on whether to appeal dismissal of lawsuit
- FLIPPING OUT — Flipping houses is popular in much of the country, but in Mississippi ...
- Is cotton looking too good? Farmers facing weaker prices
- More than a dozen school districts sue state over funding
- REVVING UP — Motorcars of Jackson is preparing to open its first-ever showroom on I-55
- Woman found guilty of murder in buttocks injection case
- Bryant issues executive order to establish Delta water task force