New funding announced for Arkansas-based farmers' co-op

CLINTON, Ark. (AP) - A farmers' cooperative in north Arkansas has received a new source of funding to reduce costs and increase production in the state.

Clinton-based Grass Roots Farmers' Cooperative, which includes 13 farms, announced Friday that it received a $600,000 loan from San Francisco-based RSF Social Finance. The farmers' co-op receives technical, organizational and financial support from Heifer USA, which is part of Little Rock-based Heifer International.

The financing includes $400,000 that will help the co-op buy animals from member farmers and $200,000 to help the farmers purchase feed and animals.

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


To find out more about Facebook commenting please read the
Conversation Guidelines and FAQs

Leave a Comment