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Farms damaged by Irene encouraged to apply for emergency financing help, no payments first year

first_imgIn recent weeks, many Vermont hurricane- and tropical storm-damaged businesses have sought emergency financing assistance from the Vermont Economic Development Authority (VEDA).  In addition, VEDA wants to make sure Vermont farmers also take full advantage of the special financing assistance. ‘On August 28th, Governor Peter Shumlin announced the immediate availability of up to $10 million in special low-interest VEDA financing for Vermont businesses and farms who suffered damage as a result of Hurricane and Tropical Storm Irene,’ said VEDA Chief Executive Officer Jo Bradley.  ‘While we’ve been receiving numerous applications for financing assistance from flood-damaged commercial businesses, we are concerned that Vermont farms damaged by Irene may not be completely aware of resources that are available to them,’ Bradley said.  Additional financing for the emergency program, enabling the Authority to offer the lowest-possible interest rates, was approved by the State’s Emergency Board on September 13th. ‘We understand affected Vermont farms are still assessing the damages they sustained as a result of this terrible storm,’ said Bradley.  ‘We encourage farmers to contact us as soon as they are able to.’ Emergency agricultural financing for farms damaged by Irene is available through VEDA’s agricultural financing program, the Vermont Agricultural Credit Corporation (VACC).  The maximum loan size under the program is $100,000.  The interest rate on the emergency VACC financing is 1% for the first two years with no payments required during the first year. At the beginning of the third year, the rate will adjust to the VACC Prime variable index.  VACC financing is available for a variety of farm losses and damage attributable to Irene, including crop supplies, seed, livestock, fertilizer, machinery and equipment, fuel, lost inventory, and storm-related repairs to land, buildings and machinery.  Applications will be reviewed and loans approved on a first-come, first-served basis until all available funds are exhausted.  For more information, or to apply on-line, please visit www.veda.org(link is external), or email info@veda.org(link sends e-mail).last_img read more


Nyantakyi leaves on Friday to oversee Sierra Leone elections

first_imgGhana FA president Kwesi Nyantakyi will leave Accra on Friday to supervise the Sierra Leone Football Association elections on Saturday.Clubs in the West African country decided to boycott the top-flight league over the decision to ban three candidates from contesting.The decision to boycott the league and election was taken by 10 out of 14 clubs, irked by the removal of three candidates from the running of the presidency.This leaves only Isha Johansen as the sole candidate who will be elected unopposed as she is set to become the first female Sierra Leone Football Association (SLFA) head.Nyantakyi was appointed by CAF on Monday to preside over the election but his task has been made difficult by the boycott following the to exclusion of the trio.The Ghana FA’s boss diplomatic skill must be on display if sanity is to be brought to the administration of the game in Sierra Leone. This was after FIFA appointed normalization committee ruled out Former Sierra Leone Premier League chairman Rodney Michael, former Leone Star Mohamed Kallon, and Foday Turay from contesting.last_img read more