Investments are Part of President Biden’s Investing in America Agenda
U.S. Department of Agriculture (USDA) State Director for Rural Development Bob Morgan announced today that USDA is making an investment that will create new and better markets for agricultural producers and food businesses in rural Pennsylvania.
“The investment we’re announcing today demonstrates how USDA is committed to partnering with rural businesses to create new and better market opportunities and strengthen existing ones,” Morgan said.
USDA is making an investment to R.W. Sauder Incorporated of $12.5 million through the Food Supply Chain Loan program to provide working capital and to purchase machinery and equipment. This investment will help R.W. Sauder Inc., Lancaster, Pennsylvania, improve its egg processing operation and resume growth following the recent significant industry-wide challenges of avian influenza, COVID-19, widely fluctuating egg prices, supply-chain disruptions, and rising feed, fuel, and labor costs.
You can read the national announcement that was also made today here.