Boll Weevil Eradication Loan Program
Program Objective
The Farm Service Agency (FSA) offers direct and guaranteed loans to farmers and ranchers to promote, build, and sustain family farms for a thriving agricultural economy. The goal of FSA’s farm loan program is to provide supervised credit and management assistance to eligible farmers to become owners or operators, or both, of family farms or to continue such operations when credit is not available elsewhere.
Eligibility
Eligible Applicants
- U.S. State Government
- Nonprofit Organization
An eligible applicant must:
(1) Meet all requirements prescribed by APHIS to qualify for cost-share grant funds as determined by APHIS, (FSA will accept the determination by APHIS as to an organization's qualification);
(2) Have the appropriate charter and/or legal authority as a non-profit corporation or as a State organization specifically organized to operate the boll weevil eradication program in any State, biological, or geographic region of any State in which it operates;
(3) Possess the legal authority to enter into contracts, including debt instruments;
(4) Operate in an area in which producers have approved a referendum authorizing producer assessments and in which an active eradication or post-eradication program is underway or scheduled to begin no later than the fiscal year following the fiscal year in which the application is submitted;
(5) Have the legal authority to pledge producer assessments as security for loans from FSA.
Individual producers are not eligible for loans.
How to Apply
Award Procedure
Loan requests will be processed based on the date FSA receives the application. Loan approval is subject to the availability of funds. However, when multiple applications are received on the same date and available funds will not cover all applications received, applications from active eradication areas, which FSA determines to be most critical for the accomplishment of program objectives, will be funded first.
Decision Timeline
- Approval: From 30 to 60 days
Within 60 calendar days after receiving a complete loan application, the Agency will complete the processing of the Direct loan request and notify the applicant of the decision reached, and the reason for any disapproval.
Program details & compliance
Description
To assist non-profits and state government agencies in the eradication of boll weevils from cotton producing areas and ensuring the pest is not re-introduced.
Mission Categories
Primary: Production and Operation
Other categories:
Agriculture Stabilization and Conservation
Use of Funds
Allowed Uses
Loan funds may be used for any purpose directly related to boll weevil eradication activities, including, but not limited to:
I. Purchase or lease of supplies and equipment;
II. Operating expenses, including but not limited to, travel and office operations;
III. Salaries and benefits.
Loan funds may not be used to pay expenses incurred for lobbying, public relations, or related activities, or to pay interest on loans from the Agency.
Required Documentation
All applicants must be nonprofit entities or state organizations, authorized to operate under the appropriate State law and for the specific purpose of eradicating boll weevils from the nation's agricultural community.
Reporting & Compliance
Applicable 2 CFR 200 Subparts
- Subpart B — General Provisions
- Subpart F — Audit Requirements