The USDA Farm Service Agency makes loans to youth to establish and operate agricultural income-producing projects in connection with 4-H clubs, FFA and other agricultural groups.
Projects must be planned and operated with the help of the organization advisor, produce sufficient income to repay the loan and provide the youth with practical business and educational experience. The maximum loan amount is $5,000.
Youth loan eligibility requirements include:
•Be a citizen of the United States (which includes Puerto Rico, the Virgin Islands, Guam, American Samoa, the Commonwealth of the Northern Mariana Islands) or a legal resident alien.
•Be 10 to 20 years of age.
•Comply with FSA’s general eligibility requirements.
•Be unable to get a loan from other sources.
•Conduct a modest income-producing project in a supervised program of work as outlined above.
•Demonstrate capability of planning, managing and operating the project under guidance and assistance from a project advisor.
•The project supervisor must recommend the youth loan applicant, along with providing adequate supervision.
For additional information or help preparing and processing the application forms, Teton County residents can go to FSA Office at 1102 Main Ave. N., Suite 2 in Choteau or call 466-5351.