Established in 1862, the Department of Agriculture serves all Americans through anti-hunger efforts, stewardship of nearly 200 million acres of national forest and rangelands, and through product safety and conservation efforts. The USDA opens markets for American farmers and ranchers and provides food for needy people around the world.
Uses and Use Restrictions
Funds may be used to purchase or lease supplies and equipment, to pay entity operating expenses and to pay salaries and benefits.
Loan funds may not be used to pay for lobbying, public relations, or related activities.
Applicants may be determined eligible if the organization: (a) Meets the Animal and Plant Health Inspection Service (APHIS) cost-sharing requirements; (b) possesses a legal nonprofit corporate authority; (c) possesses the legal authority to enter into a contract; (d) operates in an area approved by a majority of cotton producers via referendum; (e) is unable to obtain funds elsewhere; and (f) may pledge producer assets as loan collateral.
The beneficiaries of this program include the local boll weevil organization and agricultural community as well as local, State, and national governments.
All applicants must be nonprofit entities, authorized to operate under the appropriate State law and for the specific purpose of eradicating boll weevils from the nation's agricultural community. This program is excluded from coverage under 2 CFR 200, Subpart E - Cost Principles.
Aplication and Award Process
Preapplication coordination is required.
Environmental impact information is not required for this program.
This program is excluded from coverage under E.O.
2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. Complete applications will be accepted by the National Office accompanied by documentation showing the entity's authority to borrow and the operation's ability to make the scheduled loan payment(s).
Loans will be written within specific credit guidelines as well as within the borrowing entity's documented ability to repay the loan.
Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, Public Law 104-180, 7 U.S.C. 1989.
Range of Approval/Disapproval Time
From 30 to 60 days. Agency credit decisions will generally be issued within 60 days of the receipt of a complete loan package.
Boll weevil loans are term loans based upon certain procedural and program criteria. Although loans are not renewed, additional loan requests may be submitted by each entity for consideration.
Formula and Matching Requirements
This program has no statutory formula. Matching requirements are not applicable to this program. MOE requirements are not applicable to this program.
Length and Time Phasing of Assistance
Loans can be applied for at anytime during the year. The loan term varies anywhere from 1 to 7 years. Method of awarding/releasing assistance: lump sum.
Post Assistance Requirements
This program is excluded from coverage under 2 CFR 200, Subpart F - Audit Requirements. Audited financial statements and profit and loss statements will be annually submitted for review and analysis.
Detailed records will be maintained by each entity in the respective offices. These same records will be made available to the Agency for review upon demand.
12-1140-0-1-351; 12-4212-0-3-351 - Direct Loans Financing Account.
(Direct Loans) FY 16 $0; FY 17 est $60,000,000; and FY 18 est $60,000,000
Range and Average of Financial Assistance
No Data Available.
Regulations, Guidelines, and Literature
Regional or Local Office
Connie Holman USDA FSA DAFLP LMD 1400 Independence Avenue, SW , Washington, District of Columbia 20250-0522 Email: email@example.com Phone: (202) 690-0756 Fax: (202) 690-1117
Criteria for Selecting Proposals
“TEO” and co-founder of Honest Tea, Seth Goldman, talks about living in a shade of grey – businesses wouldn’t exist without its consumers. As he said, “There are current issues we deal with, and even if we solve one of those issues, we should be moving on to the next one. As long as we are a consumer-based economy, there’s no way around it. No way to totally lose that area of grey.”