No-interest loans available to install conservation practices
DES MOINES – Iowa Secretary of Agriculture Bill Northey has announced the Iowa Department of Agriculture and Land Stewardship has $865,000 available through a no-interest revolving loan fund to help farmers install conservation practices.
The funding is available through all local Soil and Water Conservation District Offices, which are located with the USDA office in each county. Loans made under the program can be used to fund conservation practices that protect soil and water resources. Examples include terraces, water and sediment control basins, grade stabilization structures and waterways.
“Farmers understand the importance of keeping the soil on the farm and out of our lakes and rivers and the no-interest loans will help them put additional practices on the ground,” Northey said. “Local Soil and Water Conservation District offices are there to work with farmers as they make conservation decisions and find programs that can help get the work done.”
In response to request from farmers, the maximum no-interest loan available has been increased to $20,000 with a 10-year term. Loan funds now also can be used in conjunction with other programs, including REAP and cost share assistance.
Applications will be accepted and funded on a first come first serve basis through Dec. 1. To apply, contact the local Soil and Water Conservation District office or apply online at www.iowaagriculture.gov.