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The partnership includes the Interior Department, the state of California, non-profits and private landowners and will yield a minimum investment of $210 million by all partners.
The bill will make $75 million of “affordable and flexible growth capital” available to Ohio’s agriculture-focused and rural small businesses.
The Department of Agriculture will help farmers, ranchers and forest landowners interested in growing new crops for biomass.
The USDA and Farm Credit System-backed PE fund has invested $5m into Hortau, a California-based precision irrigation company.
Meritus Ventures and Innova Memphis were selected by the USDA to be RBICs and are raising $125m between them to invest into early-stage rural and agtech companies in Tennessee.
The USDA's National Institute of Food and Agriculture has awarded 21 grants totalling $10m to universities across the country to support solutions for critical water problems in rural and agricultural watersheds.
ACAP, the private equity fund backed by the USDA and funded by the Farm Credit System, has made its second investment into a manufacturer and supplier of bulk herbs and botanical products from Missouri.
The $155m Advantage Capital Agribusiness Partners LP has made its first investment into a cage-free chicken egg producer, Iowa Cage-Free.
The National Institute of Food and Agriculture will award grants across water, climate, childhood obesity and food security projects.
The firm's managing partner Craig Wichner describes why he is pursuing a regenerative agriculture strategy and the history behind the US's monocrop farming system.
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