AgriLink Provides Low Interest Nutrient Management Loans
HARRISBURG (Dauphin
Co.) State Treasurer Barbara
Hafer and Agriculture Secretary
SamUel E. Hayes, Jr. this week
said that more than $25 million
in low-interest loans is now
available through the AgriLink
program to help Pennsylvania
farmers protect the environment
through sound nutrient man
agement practices.
“Our waterways are one of
Pennsylvania’s most precious
resources,” Hafer said. “We are
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committed to helping farmers
get the funds they need to
reduce water pollution. AgriLink
cuts the cost of borrowing in
half.”
“This financial assistance is a
very good opportunity for
Pennsylvania livestock produc
ers to embark upon 21st century
nutrient management opera
tions,” said Secretary Hayes.
“Also, the AgriLink program
illustrates how state govern
ment is prepared to be helpful
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for our livestock producers.”
AgriLink is a joint venture
among the Treasury
Department, the State
Conservation Commission, the
federal Farm Credit Bank and
the commercial banking commu
nity.
Loans will be available to
farm owners or operators partic
ipating in Pennsylvania’s
Nutrient Management Program.
The loans will cover the costs
for manure storage facilities,
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improved storm water manage
ment practices and other
approved practices under the
Nutrient Management Program.
Farmers with approved nutri
ent management plans are eligi
ble for loans up to $75,000 at
sharply reduced interest rates
with terms of up to seven years.
Under the AgriLink Program,
eligible lenders will determine
each applicant’s eligibility and
determine the interest rate for
individual loans. The Treasury
Department will provide loan
funding by investing state funds
with eligible lenders in the
amounts of approved AgriLink
loans.
The State Conservation
Commission, with the assistance
of the Agriculture Department,
will use separate funds to buy
down interest rates on loans
provided through the program,
resulting in a below market rate
for farmers.
Agriculture officials will sub
sidize the program so farmers
will receive loans at an interest
rate four percentage points
Visionary Design Founder
(Continued from Pago A 22)
million. The property, formerly
owned by Leonard Schoff, was in
ruins, according to Gagliardi, and
went through extensive renova
tions. Fencing was installed. Lanes
were repaired and extended. In all,
the farm includes seven miles of
trails and three miles of paved
roads.
Of the 570 acres, 140 are in pas
ture. The rest is simply woodland.
Gagliardi recently sold the farm
to the county as a park, including
three miles next to the Octorara
Creek, on land that borders Lan
caster and Chester counties. He
has to leave within 10 years.
Wolfs Hollow Farm was so
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below market rates, resulting in
a 50-percent savings over loans
at conventional interest rates.
The Treasury Department
will provide loan funding by
investing state funds at a mar
ket rate of return consistent
with current outstanding
deposits.
Hafer and Hayes said the
new AgriLink program was a
result of months of cooperative
work among their departments,
the General Assembly, the
Pennsylvania Bankers
Association, the Pennsylvania
Association of Community
Bankers and the federal Farm
Credit Bank.
The State Conservation
Commission, with the assistance
from the Agriculture
Department, will administer the
program jointly with the
Treasury Department.
Applications are now being
accepted at more than 160 eligi
ble banks and their branch
offices statewide. The state’s 24
Farm Credit Offices also will
accept applications.
named because it was the last
Chester County farm to have
wolves on it, holed up in caves on a
rock face in the forest. The wolves
were removed in the late 1800 s.
He recently constructed a new
house, finished in 1994 with the
help of several friends. The
4,800-square foot home was built
Williamsburg, Primitive Hall
Style, to resemble a home from the
1800 s.
Jill Gagliatdi, Gene’s daughter,
feeds and trains Thoroughbred rac
ing horses. They include about IS,
of which eight ate raced, both for
turf and dirt All Thoroughbreds,
the horses range from one to nine
years of age.
Jill has been training for 15
years. Early on, she spent time fox
hunting, but has devoted most of
her time to the horses.