The Minnesota House on a strong bipartisan vote last night (Thurs) gave thumbs-up to a 50-million-dollar infusion for the Rural Finance Authority, the state agency that makes loans to farmers. Austin Democrat Jeanne Poppe, chair of the House Agriculture Committee, told fellow lawmakers:
“Tonight we have the opportunity to collectively help farmers throughout the state.”
A similar measure is moving through the Minnesota Senate. The legislature established the R-F-A in the mid-1980s during the farm credit crisis.