Cover photo for Meat and Poultry Intermediary Lending Program

Meat and Poultry Intermediary Lending Program (MPILP)

Rural Development

Due July 25, 2022


About

The Meat and Poultry Intermediary Lending Program (MPILP) provides grant funding to intermediary lenders who finance – or plan to finance – the start-up, expansion, or operation of slaughter, or other processing of meat and poultry. The objective of the MPILP is to strengthen the financing capacity for independent meat processors, and to create a more resilient, diverse, and secure U.S. food supply chain. 


Products


Eligibility

What types of intermediaries can apply for this program?

Private nonprofit corporations, public agencies, Tribes, and cooperatives that finance – or plan to finance – the start-up, expansion, or operation of meat and poultry processing are eligible to apply.

Who are eligible ultimate recipients?

Businesses engaged, or proposing to engage, in the processing of meat or poultry – either directly, or through agreements with other entities - can apply for a loan from the intermediary lender as an ultimate recipient. 

Ultimate recipients must:

  • Be a business engaged, or proposing to engage, in commercial meat or poultry processing projects; either directly, or through agreements with other entities

  • Comply with USDA Food Safety and Inspection Service requirements, or be custom exempt 


Terms

Grant funds to intermediaries can be used to operate and expand meat and poultry processing capacity by supporting activities such as:

  • Purchasing and developing land

  • Constructing a new facility

  • Modernizing or expanding an existing facility

  • Developing, installing, or modernizing equipment and technology 

  • Improving leaseholds

  • Ensuring compliance with occupational and other safety requirements 

  • Modernizing equipment or facilities to ensure food safety 

  • Refinancing debt

  • Purchasing cooperative stock (by individual farmers or ranchers in a farmer or rancher cooperative) 

  • Purchasing transferable cooperative stock 

  • Making loans to a fund that invests primarily in cooperatives (in accordance with the provisions of the program) 

  • Qualifying taxable corporate bonds 

  • Paying for feasibility studies for meat and processing facilities 

  • Undertaking pollution control and abatement

  • Handling waste management

  • Offsetting start-up costs, working capital, fees and other expenses related to federal inspection


Resources


Similar Programs


Details

Deadline

July 25, 2022

Organization

Rural Development (RD)

Financial Instrument

Loan, Grant

Minimum Award Amount

$500,000

Image Credit

Amber Kipp


Updated June 9, 2022

This information was gathered from public sources. Ambrook is not responsible for or able to affect the results of any financial programs listed, nor are they responsible for any incorrect information that is listed or is on the hyperlinked external sites. All information is subject to change.

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