Sec. 201. Loans to local and regional food producers
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Subtitle D of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1981 et seq. ) is amended by inserting after section 333C the following new section: The Secretary shall make and guarantee loans under this title to eligible producers for the production of locally or regionally produced agricultural food products (as defined in section 310B(g)(9)), including qualified producers engaged in direct-to-consumer marketing, direct-to-institution marketing, or direct-to-store marketing, businesses or activities that produce a value-added agricultural product (as defined in section 231(a) of the Agricultural Risk Protection Act of 2000 (7 U.S.C. 1632a(a)), mid-tier value chains (as defined in such section 231(a)), and other local and regional market outlets.
The Secretary shall ensure that loan officers processing loans under this section receive appropriate training to serve borrowers and potential borrowers engaged in local and regional food production. The Secretary shall develop ways to determine unit prices (or other appropriate forms of valuation) for crops and other agricultural products, the end use of which is intended to be in locally or regionally produced agricultural food products, to facilitate lending to local and regional food producers.
The Secretary shall implement a mechanism for local and regional food producers to establish price history for the crops and other agricultural products produced by such producers. The Secretary shall develop and implement an outreach strategy to engage and provide loan services to local and regional food producers. .
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