00:00It's Benzinga, bringing Wall Street to Main Street.
00:02President Trump's changes to the Rural Energy for America program will make it harder for
00:06many farmers to access funding for renewable energy and efficiency projects, according to
00:11Reuters. The program has invested more than $4.8 billion in grants and loan guarantees between 2014
00:17and 2025. Under changes effective October 16th, farmers cannot apply for funding until they
00:23complete a project and demonstrate one year of energy savings. Previously, farmers could apply
00:28before breaking ground for grants covering as much as half the cost. The USDA said the changes are
00:33intended to pay for actual production and project results rather than projections. NSAC policy
00:38specialist Richa Patel said Trump's tariffs, rising fuel and fertilizer costs, and expensive energy
00:43projects will make it difficult for most farmers to access the program. For all things money, visit
00:48Benzinga.com.
