Friday, January 22, 2016

The Value Of Disabled Veteran Farm Loans

By Ryan Howard


A veteran farmer is defined as someone who has previously served his or her country within the armed forces. They are characterized as those who have never operated a ranch or farm and those who have operation experience but less than ten years. However, disabled veteran farm loans are only limited to those soldiers who have served in the army and got injured or incapacitated or disabled. Their disability needs to be directly related to their service in an active duty. They are eligible for this program.

It is a fact that not all soldiers that enlist die in service, many return home physically ok but may have psychological issues. Others are injured, amputated or lose a part of their body in injury. These heroes find it difficult to re-integrate back into society and pick up from where they left. They face a hard time trying to earn a descent living. This is the main reason behind the many government programs that allow these specific former soldiers apply for loans with reduced limits and that have flexible repayment conditions.

These people are put in their own separate class that distinguishes them from other citizens in the country. This makes them viable to for many programs run by the government that aims to make them economically independent. Provided the person was listed as being in the army, they are legible for the aid programs even if they did not participate in any war or tours. There are many incentives given to any landowner that sells to a veteran.

These include additional CRP payments usually given to encourage more sellers do the same. This program is run by Transitive Incentive Program and can pay up to two years of additional payments. The program empowers the new owner to begin using their land even before the expiration of the current contract. They can develop it, improve it, begin conservation efforts or apply for organic certification.

The disabled veterans are often given preference in these programs. The main reason is that they are disadvantaged both physically and socially. This disadvantage has allowed them to qualify for various conservation programs by USDA. The body has set aside portions of land and money to help special groups of people in need of them.

They can also get grants to use in value addition production. This allows such farmers to get grants for personal business ventures directly. The main purpose is to allow them organize their products and other producer groups in the development of their strategies and plans in a bid to market their value added products.

Microloans are made available mainly through the Farm Service Agency of the USDA. They enjoy simpler qualification requirements and application process as well. They have less stringent rules on farm management experience. They are excluded from term limits that are applicable to other members. They will not pay more than five percent interest.

There are a number of programs formed to help disabled veterans put their life back together. They educate, support and train them. These vocational training is inclusive of free advice on effective methods of running farms and using loans to empower themselves.




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