Delaware Program Helps Young Farmers Purchase Land

By CnAgri2012-08-08 19:06:34 Print

Ten young Delaware farm families and individuals are on their way to owning their dreams with help from a bold, innovative and unique economic development program designed to boost agribusiness in the First State.

The no-interest loan program was launched in July 2011 by Gov. Jack Markell as a way to reduce the capital investment for young people looking to set up agribusiness operations. It was funded through a $3 million allocation in the fiscal 2012 budget.

Secretary of Agriculture Ed Kee said Delaware's investment will pay off for generations to come.

"Many young people are turned off from a career in farming because of the high cost of entering the business," Kee said. "This commitment shows them that there is support and hope to achieve their aspirations. It also is a sign to agribusinesses that the Markell Administration is firmly in the corner of farmers, and that agriculture has a bright future in the First State."

The farmers from Kent and Sussex Counties all received help purchasing land - nearly 900 acres total - from the Delaware Young Farmers Program, marking its first year.