Impoverished Colorado counties getting more agricultural loans

The U.S. Department of Agriculture said Wednesday that it made more loans to Colorado farmers in high poverty counties this fiscal year than the year before.

The agriculture department made 97 loans for more than $8.4 million this fiscal year. The agency made 70 loans for more than $5.2 million the previous fiscal year.

The increase in farm and operating loans has helped improve farmer and rancher productivity, launched new start-up operations and ensured agricultural opportunities, the agency said.

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“Over the past three years, we have expanded farm and operating loans to Americans from all backgrounds to help raise a new crop of producers across the country,” Agriculture Secretary Tom Vilsack said.

“As we expand options in agriculture, we’re seeing a new vibrancy across the countryside as younger people – many of whom are now involved in local and regional production – pursue livelihoods in farming, raising food for local consumption,” he said.