USDA has announced the first investment in its Food Supply Chain Guaranteed Loan Program.
Ag Secretary Tom Vilsack visited Crystal Dry Freeze LLC in Panora, Iowa Friday, saying the egg processor will receive more than $11 million to expand capacity.
“At the end of the day, the greatness of America I think is very much a result of the middle class expanding and growing. And as the President likes to say, ‘let’s build it from the bottom up and the middle out.’ Which means good paying jobs like the ones at this facility.”
Through the Food Supply Chain Guaranteed Loan Program, he tells Brownfield USDA will become a stronger partner to small and midsize farmers by backing private investments to expand processing capacity.