Restored Old Loan Brings Millions To Farmers

INDIANA - Due to an unusual combination of a late frost and a summer drought, hay yields have been significantly reduced during the 2007 growing season, says Richard E. Mourdock, Treasurer of State.
calendar icon 20 November 2007
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TALP Brochure

The resulting increased feed prices present a serious challenge to producers of beef and dairy cattle, as well as farms raising sheep and goats.

The financial stress placed upon the livestock industry caused the Indiana State Department of Agriculture to ask me to consider re-establishing the Treasurer’s Agricultural Loan Program (TALP).

Lt.Governor Skillman described to me the serious plight of many of the state’s smaller livestock operators due to this crop emergency. I have thus agreed that conditions warrant the use of this unique program. I am allocating $25 million of the state’s resources to TALP.

TALP is a low interest loan program targeted to specific agricultural sectors facing severe market or crop conditions.

Farmers interested in a TALP loan should contact their local financial institution for more information. By working together, in partnership with local banks and credit unions, we hope to be able to help Hoosier farmers in all of Indiana’s 92 counties.

Further Reading

       - You can view the TALP Brochure by clicking here.

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