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State loans to help Central Pennsylvania farm projects
Stacy Wescoe//November 17, 2020
The state First Industries Fund has provided low interest loans for three Central Pennsylvania farm projects.
John and Miriam Hoover were approved for a $400,000 loan through the EDC Finance Corp. towards their purchase of a 60-acre farm in Brecknock Township, Lancaster County that they are currently leasing.
The farm has a homestead, a renovated bank barn used for hog and sheep production and two turkey barns that can hold up to 10,500 turkeys.
Hogs produced at the farm are sold to Stevens Feed Mill and sheep are sold through local markets.
The farm also has a kennel barn for a dog-breeding business.
The total cost of the project is $1.38 million.
The state approved a $300,000 loan through the Lebanon Valley Economic Development Corp. to Robert and Andrea Brubaker to purchase a 36.54-acre farm in South Londonderry Township, Lebanon County. The property will be primarily used for crop production and manure application.
The total project cost is $600,000.
The state approved a $247,500 loan through the Lebanon Valley Economic Development Corp. to Teresa Shuey, Kevin Shuey, Richard Hill and Gale Hill of Little Hill Farm LLC to construct a 31,500-square-foot broiler house in Lebanon County.
Little Hill Farm recently obtained a new seven-year contract from Bell and Evans for the house. They will also continue to operate two existing broiler houses under contract with Bell and Evans.
The total cost of the project is $495,000.
All of the loans are 15-year, .75% loans through the Pennsylvania Development Authority.
