AUGUSTA — The Dairy Improvement Fund (DIF) is a new revolving loan program to help Maine dairy farms and enterprises fund capital improvements to maintain and enhance the viability of their farms.
The DIF program will assist farms that are engaged in the commercial production of cow milk or cow milk products. It was developed by the Maine Department of Agriculture, Conservation and Forestry (DACF) and is administered by the Finance Authority of Maine (FAME). The program will operate in accordance with three core principles to provide financial support for sound business propositions; offer funds at reasonable rates and terms; and partner with private sector equity.
The DACF and FAME will host an informational meeting at the Marquardt Building, Room 118, 32 Blossom Lane, Augusta from 10:30 a.m. to 12:30 p.m. Thursday, June 14, for all dairy farms interested in learning more about this investment opportunity.
More about the program can be accessed on DACF’s Dairy Fund Improvement webpage and at the FAME Dairy Fund Improvement webpage, which provides the department’s eligibility form and FAME’s loan application.
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