USDA to guarantee loan to Vt. cheese producer

AP News
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Posted: Feb 23, 2012 12:00 PM
USDA to guarantee loan to Vt. cheese producer

The U.S. Department of Agriculture is going to guarantee a $930,000 loan to a Vermont cheese producer.

The state's congressional delegation says the loan guarantee for Jasper Hill Farms in Greensboro will support 20 existing jobs and create 14 new ones.

The money will be used to finalize construction of two areas where cheese is aged, space known as cheese cave vaults.

Sens. Patrick Leahy and Bernie Sanders and U.S. Rep. Peter Welch said Wednesday that the Greensboro project represents the bright future of Vermont's dairy industry.

In 2007, Jasper Hill Farms received a $500,000 loan guarantee through the same branch of the USDA, which helped construct a 21,000-square-foot cheese aging facility. Without the guarantee construction would not have gone forward.