Supply Chain Council of European Union | Scceu.org
News

AgLines: USDA launches new program to strengthen food supply chain | Grand Island Local News







558735905

The Nebraska Brand Committee is implementing a research fee for every new brand application that is submitted starting Jan. 1. This fee will be a non-refundable $50 research fee in addition to the current $100 application fee that will then be returned if the requested brand(s) are not available.


WASHINGTON — U.S. Department of Agriculture Secretary Tom Vilsack has announced USDA is deploying $100 million under the new Food Supply Chain Guaranteed Loan Program to make available nearly $1 billion in loan guarantees; these loan guarantees will back private investment in processing and food supply infrastructure that will strengthen the food supply chain for the American people.

USDA is making the funding available through the American Rescue Plan Act. The program is part of the Biden-Harris Administration’s efforts to address food system challenges dating back decades and further exacerbated by the COVID-19 pandemic. These investments will help essential processing and supply chain infrastructure that will ultimately deliver more opportunities and fairer prices for farmers, they will give people greater access to healthier foods, and they will help eliminate bottlenecks in the food supply chain.

Through the Food Supply Chain Guaranteed Loan Program, USDA will partner with lenders to guarantee loans of up to $40 million to help eligible entities expand meat and poultry processing capacity and finance other food supply chain infrastructure. Lenders may provide the loans to eligible cooperatives, corporations, for profits, nonprofits, Tribal communities, public bodies and people in rural and urban areas.

USDA Rural Development will administer the loans. Funding may be used to: start-up or expand food supply chain activities such as aggregating, processing, manufacturing, storing, transporting, wholesaling or distributing food; address supply chain bottlenecks; and increase capacity and help create a more resilient, diverse and secure U.S. food supply chain.

Related posts

Mini-LED supply chain to benefit from Q1/21 release of Apple’s 12.9-inch iPad Pro

scceu

Missouri’s Hawley: “We have allowed our medical supply chain to be compromised” (AUDIO)

scceu

COVID vaccine and the supply chain: Trouble ahead?

scceu