USDA to launch micro loans for startup farms

February 8, 2013 12:47:59 AM PST
Many Americans trying to start a farm or ranch are facing many challenges.

The U.S. Department of Agriculture says the number of beginning farmers and ranchers has declined over the past two decades. Department officials say access to land and capital are the biggest hurdles for starting farmers.

The USDA hopes the launch of a new micro-loan program for beginning farmers will help them succeed.