New Michigan Loan Program for Fruit Farmers
The Detroit News Reports that the State of Michigan is working to provide low-interest loans to farmers who were impacted by devastating spring freezes. A bill, which passed both state houses and is awaiting the Governor’s signature, would provide loans of up to $400,000 at 1% interest and no principal payment for two years. http://www.detroitnews.com/article/20120623/BIZ/206230305/Michigan-throws-fruit-industry-lifeline-loan-program?odyssey=mod|newswell|text|FRONTPAGE|p