Indiana ag department offers $15 million in funding for small and very small meat processors
The Indiana Meat and Poultry Intermediary Lending Program is a $15 million revolving loan program that assists Indiana meat and poultry packers and processors with access to affordable capital for meat expansion projects.
“This loan program is a first of its kind for our Indiana State Department of Agriculture and I am excited to support them in this unique opportunity for Hoosier agribusinesses,” said Crouch. “We know that more and more Hoosiers are shopping local for meat products and our small meat processors are struggling to keep up with demand. Additionally, some traditional business loans can be hard to secure for this industry, so this low interest loan program will go a long way in ensuring our local meat processors can expand and Hoosier customers get the products they are seeking.”