VSU Agribusiness Program Offers Virginia Farmers Cost-Saving Alternative For FSA Loan Qualification

April 13, 2016

Contact: Michelle Olgers, Marketing & Communications Dept., 804-524-6964, molgers@vsu.edu

VSU becomes first HBCU licensed to teach USDA/FSA Agribusiness Production and Financial Management Program

Ettrick, Va. – Until last year, Virginia farmers applying for a USDA Farm Service Agency (FSA) loan were required to take an on-line Agribusiness Production and Financial Management Program offered by private companies for $300-$600. The program offers valuable financial management and crop production skills aimed at boosting farm profitability and income, but many farmers find it costly and inconvenient to take online.

Three years ago, representatives from FSA and Virginia State University’s Small Farm Outreach Program, a Virginia Cooperative Extension program, met to discuss a better way to assist Virginia farmers in meeting the mandatory FSA financial and production management borrower training requirements. Both organizations agreed ely thanks to this program she already has an employment opportunity lined up after graduation with a USDA branch office in Michigan.

For more information about VSU’s Agribusiness Production and Financial Management Program contact Mike Wooden at (804) 691-3263 or mwooden@vsu.edu.

The VSU Agribusiness Production and Financial Management Program is made possible in part with funding from USDA National Institute of Food and Agriculture and Farm Credit.

Virginia Cooperative Extension programs and employment are open to all, regardless of age, color, disability, gender, gender identity, gender expression, national origin, political affiliation, race, religion, sexual orientation, genetic information, veteran status, or any other basis protected by law and is an equal opportunity/affirmative action employer. Issued in furtherance of Cooperative Extension work, Virginia Polytechnic Institute and State University, Virginia State University, and the U.S. Department of Agriculture cooperating. Edwin J. Jones, Director, Virginia Cooperative Extension, Virginia Tech, Blacksburg; M. Ray McKinnie, Interim Administrator, 1890 Extension Program, Virginia State University, Petersburg.