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MAINEJane Aiudi, Director Program/Project Title: Potato Marketing Improvement Fund Program Began: 1983 Contact Person: Steve Belyea Cost/Funding: $10 million Target Group: Maine potato growers and marketers Description: The program is administered jointly by the Maine Department of Agriculture and the Finance Authority of Maine (FAME). The program can provide a loan of up to 45 percent of the project costs with a fixed rate of 5 percent and a subordinate position to commercial bank debt. The program finances new state-of-the-art storage facilities, machinery, and equipment used to market high-quality Maine potatoes. Program/Project Title: Agricultural Marketing Loan Fund Program Began: 1997 Contact Person: John Harker Cost/Funding: $6 million Target Group: Individual or entity engaged in agricultural, aquaculture, or natural resource-based enterprise. Description: The program is administered jointly by the Maine Department of Agriculture and the Finance Authority of Maine (FAME). This program can provide a loan up to 90 percent of project costs up to a maximum amount of $250,000 at an interest rate of 5 percent fixed in a subordinate lien position to commercial bank debt. The program is designed to help businesses employ new technologies and innovative processes. Loan funds may be used for new or improvements to land and buildings, as well as to purchase or retrofit machinery and equipment that helps improve the quality and marketability of Maine-made products. Mark F. Hedrich Nutrient Management Coordinator Nutrient Management Program Agricultural Compliance Program Maine Department of Agriculture State House Station #28 Augusta, ME 04333-0028 Telephone: (207) 287-7608 FAX: (207) 287-7548 Mark.Hedrich@maine.gov Program/Project Title: Nutrient Management Loan Program Program Began: 1999 Contact Person: Charles Emmons, Jr., FAME—cemmons@famemaine.com Cost/Funding: $6 million Target Group: Dairy farmers Description: The program is jointly administered by the Maine Department of Agriculture (Department) and the Finance Authority of Maine (FAME), and was established through the combined efforts of the Maine Municipal Bond Bank, the Maine Department of Environmental Protection, the Department, and FAME. This program provides low interest direct loans, up to $350,000, for the construction of livestock manure and milk room waste containment/handling facilities as set forth by the Nutrient Management Act, 7MRSAx4201 et seq., and the Maine Department of Agriculture’s Nutrient Management Rules (Chapter 565). The program funding was provided by the State Department of Environmental Protection and the United States Environmental Protection Agency’s Clean Water Revolving Loan Fund.
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