Missouri seed company gets $3.4M low-interest loan

JEFFERSON CITY, Mo. (AP)--State Treasurer Clint Zweifel has approved a $3.4 million loan to help a mid-Missouri seed company expand.

The $3.4 million low-interest loan to Weber Seeds Inc., of Marshall is one of the largest ever made through Missouri's linked deposit program.

Under that program, the treasurer's office deposits money in banks at lower interest rates. The banks, in turn, can offer cheaper loans to small businesses and agricultural projects.

The loan to Weber Seeds was announced Nov. 23 and allows the company to refinance two existing loans. Weber Seeds plans to use the loans to build a plant and buy new equipment needed for expansion.

Click for related articles

It's time to winterize farm equipment
Crop Management Conference Dec. 2, 3 to look at better use of technology, data
Missouri seed company gets $3.4M low-interest loan
Grain Growers, Farm Bureau to mediate freight rate with BNSF railway
It's time to winterize farm equipment
Bent Conservation District generating farmstead wind power

---

article 2009- 49 - 1125MOseedcompanygetsloanko.cfm

Add Your Comment To post a comment on this story, enter your screen name and email address then click "Add Comment." Your email address will not be displayed. 131 Recommend | 0 Comments

---

	Web hpj.com

Copyright/Privacy
Copyright 1995-2011.  High Plains Publishers, Inc.  All rights reserved.  Any republishing of these pages, including electronic reproduction of the editorial archives or classified advertising, is strictly prohibited. If you have questions or comments you can reach us at High Plains Journal 1500 E. Wyatt Earp Blvd., P.O. Box 760, Dodge City, KS 67801 or call 1-800-452-7171. Email: webmaster@hpj.com