USDA investment will expand agricultural fertilizer access for Illinois farmers

A $1 million USDA loan to Wayne-White Counties Electric Cooperative will relend funds to Beaver Creek Ag LLC. The company, which sells agricultural chemicals and fertilizer to the farming community, will use the funding to expand its operation.

Beaver Creek Ag LLC will use the funding to purchase and install a 500,000-gallon welded steel tank, and for construction of a new 60 feet by 80 feet insulated-metal building. The building will house equipment for loading liquid nitrogen and fertilizers for sale.

This is one of several projects that USDA Rural Development and the cooperative have partnered on over the years to increase rural economic development in Illinois. The investment to Beaver Creek Ag will create two full-time jobs initially, and potentially up to six full-time jobs by 2028.

This investment is through USDA Rural Development's Rural Economic Development Loan and Grant (REDLG) program. The REDLG program provides funding for rural projects through local utility organizations. Rural Development provides zero-interest loans to local utilities which they, in turn, pass through to local businesses for projects that will create and retain employment in rural Illinois.

-USDA