USDA To Launch Loan Guarantee Initiative to Create More and Better Market Opportunities, Promote Competition and Strengthen America’s Food Supply Chain

WASHINGTON, D.C., Oct. 4, 2021 – As part of the Administration’s efforts to address food systems challenges arising from the pandemic as well as those going back decades, United States Department of Agriculture (USDA) Secretary Tom Vilsack today announced that USDA plans for another $100 million in funding from the American Rescue Plan Act. The funding would leverage hundreds of millions more in lending through community and private sector lenders to expand meat and poultry processing capacity and finance other food supply chain infrastructure.