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USDA Expands Farm Loans for Native Americans Farming and Ranching on Tribal Land
12/06/2016 02:00 PM EST
LAS VEGAS, Dec. 6, 2016 – Agriculture Under Secretary Michael T. Scuse today announced that the U.S. Department of Agriculture (USDA) has approved and obligated the first loan under the Highly Fractionated Indian Land Loan program (HFIL). The program, made possible by the 2014 Farm Bill, provides revolving loan funds to qualified intermediary lenders, allowing qualified tribes and individuals the ability to purchase tribal farmland that has multiple owners. Scuse made the announcement during the Intertribal Agriculture Council Membership meeting in Las Vegas, Nev.