Colorado AG could be getting a boost
(Denver, CO) -- Colorado AG producers could be getting some extra help with a bill that was heard in the Senate yesterday. Senate Bill 248 creates a loan program in the department of agriculture. It would transfer dollars from the general fund to a new ag future loan program.
Senator Paul Lundeen says it sounds like a good idea but wanted some clarification on how it would be funded in the future. The program created would fund at least five million dollars but not more than ten million in loans by June of next year. Those would be farm to market infrastructure loans. And it would fund at least ten million but not more than 20 in low interest loans to farmers and ranchers who are eligible. The program would favor eligibility to those who’ve owned their business for ten years or less. It would also benefit underserved and underrepresented populations in agriculture.