Transcript Slide 1
Agriculture Biofuel Summit October 19-20, 2010 USDA Rural Development Business Cooperative Programs John Guthmiller, Program Director 406-585-2540 [email protected] USDA Rural Development Matthew Jones State Director Business Coop Programs (BCP) John Guthmiller Rural Housing Programs (RHS) Deborah Chorlton Community Programs (CP) Steve Troendle Business Cooperative Programs • • • • • • • • • • • Business & Industry (B&I)Guaranteed Loan Rural Business Enterprise Grant (RBEG) Rural Business Opportunity Grant (RBOG) Intermediary Relending Program (IRP) Rural Cooperative Development Grant (RCDG) Rural Economic Development Loan & Grant (REDLG) Value Added Producer Grant (VAPG) Renewable Energy for America Program (REAP)Grants & Guarantees Renewable Energy Audit (EA) Grants Energy Feasibility Study (FS) Grants Rural Microentrepreneur Assistance Program (RMAP) Energy Programs • Biorefinery Assistance Program (Section 9003) – Provides guarantees on loans up to $250 million to construct commercial scale biorefineries. – 2010 Application deadline is August 4, 2010 • Repowering Assistance Program (Section 9004) – Provides payments to biorefineries to replace fossil fuel energy sources with renewable energy sources – 2010 Application deadline is July 20, 2010 Energy Programs (cont.) • Bioenergy Program for Advanced Biofuels (Section 9005) – Provides payments to advanced biofuel producers (biomass conversion facilities) for producing advanced biofuels. – 2010 app deadline is July 6, 2010 for transportation fuels only • Similar to FSA’s Biomass Crop Assistance Program (BCAP) (Section 9011) – Provides payments for collecting, harvesting, storing, transporting biomass to eligible advanced biomass conversion facilities. – http://www.fsa.usda.gov/FSA/webapp?area=home&subject=cops &topic=bcap Energy Programs (cont.) • Rural Energy Self-Sufficiency Initiative (Section 9009) – Provides grants for the purpose of enabling eligible rural communities to substantially increase their energy self sufficiency. – Rule to be published by Spring 2010. Rural Energy for America Program (REAP) aka Section 9007 • Grants • Guaranteed Loans • Project development: ►Renewable Energy Systems ►Energy Efficiency Improvements • Energy Audit Grants • Feasibility Study Grants Renewable Energy System Technology Bioenergy (Biomass) Anaerobic Digestor Geothermal – Electric Generation Geothermal – Direct Use Hydrogen Solar Wind Hydropower Energy Efficiency Improvements • Defined: Improvements to a facility, building, or process that reduces energy consumption, or reduces energy consumed per square foot. REAP Eligible Applicants • Agricultural Producer – Directly engaged in agricultural production – 50% or greater of gross revenue from agriculture – Located in rural area less than 50,000 population • Small Business – SBA size standards – Located in rural area less than 50,000 population – Must operate independent of direct government control REAP Restrictions • Residences cannot benefit from project – Separate meters • Nonprofit corporations are not eligible • Applicant must be the owner • Maximum grant/loan combo cannot exceed 75% of eligible project cost • Revenues sufficient for operation, management maintenance, and debt service. REAP Guarantee • • • • • Commercial Loan Minimum loan: $5,000 Maximum loan: $25 MM or 75% of project Rates & Terms: Negotiated Guarantee is 85% to $650,000 / 80%to $5 MM / 70% to $10 MM / 60% to $25 MM • 1% Fee REAP Grant Funding 25% of eligible project cost Minimum / Maximum • Renewable Energy System: $2,500 to $500,000 0r 25% • Energy Efficiency Improvement: $1,500 to $250,000 or 25% 2010 REAP Funding • State Allocation – Grants < $20,000 – $218,301 – Grants > $20,000 - $173,178 – Loan Guarantees - $1,858,870 • National Office Reserve (priority order) – Loan Guarantee only – Loan Guarantee/Grant Combo – Grant only Montana 2010 REAP Usage • 4 small grants totaling $25,780 – $192,521 returned to the National Office • 4 large grants totaling $577,587 – $404,409 received from the National Office • 2 loan Guarantees totaling $10,200 Agricultural Biofuel Summit Important Websites: • www.rurdev.usda.gov/mt • www.farmenergy.org • www.rurdev.usda.gov/ia Questions?