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NLPA Sheep & Goat Fund Provides a Valuable Source of CompetitiveFinancing in a Tightening Credit Market

NLPA Sheep & Goat FundColorado Springs, CO (Dec. 10, 2008) – Amidst talk of recession and credit becoming extremely difficult to secure, the National Livestock Producers Association (NLPA) encourages anyone involved in the sheep and goat industries to take advantage of the NLPA Sheep & Goat Fund.

The NLPA Sheep & Goat Fund is a revolving fund with the sole purpose of assisting and improving the sheep and goat industries in the United States. Since 2000 the Fund has made more than $18 million in low-interest loans with flexible terms to producers to enhance operations that deal with sheep and goats and their products.

“This Fund is a unique source of secure, flexible credit that sheep and goat producers should really consider,” Richard Drake, NLPA Sheep & Goat Fund Committee Chairman said. “We currently have about $4 million that needs to get put to work for our industry.”

Drake, a sheep producer from Windsor, Colo., has been the Fund Committee’s chairman for the past four years.

“The application process is a bit more involved than going to your local bank,” he said. “But we work hard to accommodate quick turnarounds and we look closely at each applicant to help them get what they need from the program.”

The Fund can be used many ways, including: purchasing land or equipment, renovations, implementing weed control, fire protection, predator control, and breeding and genetics programs. The Fund can also be a valuable tool in restructuring your current financial package to help secure longer term, fixed rate loans that may otherwise be unavailable.

NLPA lends the loan program its extensive credit experience with a focus on agriculture and its ability to service loans nationwide, often using local lenders. NLPA works closely with industry leaders, like Drake, who possess an in-depth understanding of the sheep and goat industries and their credit and operational challenges.

Basic information about the Fund:

  • Loans are available in amounts up to $1 million per applicant.
  • Sole proprietors are ineligible, but most other legal entities are eligible (partnerships, corporations, etc…)
  • Rates and terms are determined during the approval process.
  • The Fund is delivered through either direct loans or loan guarantees – grants are not available.
  • Applications can be submitted at any time without subject to deadlines.

The application, descriptions of funded projects, news and industry links are available at www.SheepandGoatFund.com. Or you can contact Scharee Atchison at 800-237-7193, ext. 10 or via email at NLPA@NLPA.org.

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The National Livestock Producers Association, founded in 1921, is an organization of livestock marketing cooperatives and credit corporations representing more than 200,000 livestock producers nationwide.



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