USDA freezes biodigester, controlled environment ag loans
USDA freezes biodigester, controlled environment ag loans
Citing high delinquency rates and other factors, the Agriculture Department has put a 90-day hold on loan guarantees for projects involving biodigesters and controlled environment agriculture, according to an agency memo.
In the memo, Rural Business-Cooperative Service Administrator J.R. Claeys said the service had identified "elevated rates of project underperformance, loan delinquency and operational failure" among those projects.
Claeys said $102.6 million worth of loans for anaerobic biodige
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