New USDA Guidelines for Loans to Hemp Businesses, Explained - Cannabis News
A new set of guidelines, released last month by the U.S. Department of Agriculture (USDA), is being seen by hemp industry analysts as another sign of how the nation’s hemp sector is being integrated into the agricultural mainstream.
The seven-page memo from the USDA’s Farm Service Agency (FSA) is addressed to “state and county offices.”
It offers updated guidance, revised from last October, on how lenders can offer direct and guaranteed federal loans to hemp producers.
“While it’s understood that this new commodity will likely produce some servicing challenges because of State and Federal regulations, it should be treated as closely as possible to any other agricultural commodity and serviced in the same manner,” says the memo’s opening paragraph.
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Bruce Kennedy ~ HempBenchmarks.com ~