Jess Huff

1 week ago | texasstandard.org | Jess Huff

From The Texas Tribune:LUFKIN — Texas farmers and ranchers may get a new lifeline from state lawmakers. The Texas House has approved a bill that expands one of the state’s most successful loan programs for the agriculture industry. That legislation, House Bill 43, is now up for debate in the Senate. The relief can’t come quickly enough, said state Rep. Stan Kitzman, a Pattison Republican and the bill’s author.

2 weeks ago | cw39.com | Jess Huff

“Texas farmers could have greater access to low-interest loans under a bill the Senate is considering” was first published by The Texas Tribune, a nonprofit, nonpartisan media organization that informs Texans — and engages with them — about public policy, politics, government and statewide issues. Sign up for The Brief, The Texas Tribune’s daily newsletter that keeps readers up to speed on the most essential Texas news.

2 weeks ago | tdtnews.com | Jess Huff

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2 weeks ago | houstonchronicle.com | Jess Huff

LUFKIN, Texas (AP) — Texas farmers and ranchers may get a new lifeline from state lawmakers. The Texas House has approved a bill that expands one of the state’s most successful loan programs for the agriculture industry. That legislation, House Bill 43, is now up for debate in the Senate. The relief can’t come quickly enough, said state Rep. Stan Kitzman, a Pattison Republican and the bill’s author. “What House Bill 43 does is it makes funds available to help these producers hang on,” Kitzman said.

2 weeks ago | sfgate.com | Jess Huff

Changes to the interest rate reduction program would be to permit anyone in agriculture, of any age, to apply for loans up to $1 million at an interest rate of 2%. Currently, 18 to 46 year olds can only apply for $500,000 loans at a 5% interest rate. The age restrictions are also eliminated from the grant program. Under the bill, grantees could receive up to $500,000 while paying a 10% match. Currently, grantees can only receive $20,000 and have to match it 100%.