For Immediate Release
For More Information:
Tuesday, March 15, 2005 Rep. Reichert, 515-281-3221
NEW WATER QUALITY LOAN PROGRAM FOR
LIVESTOCK PRODUCERS
“Through these low interest loans offered by
the Iowa Quality Loan Fund, livestock producers will be able to purchase new
water treatment facilities, manure handling equipment, and other runoff
controls,” explained Reichert.
“These are essential to the health and safety of Iowans and especially
important in making sure out water resources will remain as clean as
possible”
The program is limited to animal feeding
operations with 1,000 animal unit capacity or less, built before Dec. 31,
2001. The minimum loan amount is
$10,000. The Iowa Agricultural
Development Authority will work with local lenders during the loan origination
and closing process. Program loans
can provide up to 100% of the costs of a project, or can be used to complement
other funding sources such as cost-share or EQIP (Environmental Quality
Incentives Program) grants.
Applicants must have a comprehensive nutrient management plan, but can
roll the cost of preparing their plan into a loan.
The funding for this new loan program comes
from the Iowa Water Quality Loan Fund, which is the non-point source fund of the
Clean Water State Revolving Fund.
This fund offers three other financing programs to help Iowans address
non-point source water quality problems, including programs for local water
protection, onsite wastewater systems, and general non-point source
projects.
Interested applicants
should contact the Iowa Agricultural Development Authority at 515-281-6444 or
check the web at www.iowasrf.com.
# # #