The Worth Of Disabled Veteran Farm Loans

By Ryan Howard


The veteran farmer is a farmer like any other but is differentiated by their background. This is because they must have served in the army before. They are classified as those with no previous background of farm management and those with experience of below ten years. On the other hand, disabled veteran farm loans are only given to those who became disabled while serving their country. Unfortunately, they were injured, disabled or incapacitated in the process. This has limited their ability to be economically independent because they cannot work.

Many soldiers who go to war or report for active duty return home safe and sound after completing their tours. However, some of them are injured while in service and become disabled. These are given special care by the government because they are heroes who almost gave their lives in service and protection of human freedom and dignity. Since they are incapacitated and cannot do any meaningful economic activity due to their condition, they are identified by the government and qualify to get loans to purchase farms at subsidized interest rates and with special repayment plan.

They are recognized in their own distinct class. However, their definition is basically similar to that of other beginner farmers or ranchers, their only difference is the requirement of service in the army. This includes any branch even if it is the reserve. There is an attempt by the government to give incentives to owners who sell their land to these veterans. This is seen in the additional CRP payments made to sellers from the Transition Incentive Program.

The program, from Transitive Incentive Program, offers all sellers additional two-year payments. It allows farmers to begin using their land up to one year before the expiration date of the contract from CRP. This includes the conservation attempts as well as improvements made to the land. The same agreement has allowed farmers to receive their organic certification early. It has given them a chance to enroll in programs that are run through the government.

Disabled veterans are given first priority when it comes to certain programs run by the government that touch on farming activities and loan facilities. This is because they are disadvantaged by their physical state. This also affects their social life. They thus qualify for programs of conservation that aim to improve their economic status. They are legible to get land portions and funds to help them improve their life and become economically independent.

They can also get grants to use in value addition production. This allows such farmers to get grants for personal business ventures directly. The main purpose is to allow them organize their products and other producer groups in the development of their strategies and plans in a bid to market their value added products.

Microloans are given by Farm Service Agency. This body allows veterans to access loans at reduced interest rates and with simplified repayment conditions. It aims to make these facilities easy to take and repay to attract more people and encourage them.

There is also a lot of outreach and assistance to veterans in terms of education, training as well as technical assistance. They are given effective vocational training and advice on how to not only run their lands but also how to manage their loans effectively.




About the Author:



No comments:

Post a Comment