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Agriculture Biofuel Summit October 19-20, 2010

Agriculture Biofuel Summit October 19-20, 2010. USDA Rural Development Business Cooperative Programs John Guthmiller, Program Director 406-585-2540 john.guthmiller@mt.usda.gov. Business Cooperative Programs. Business & Industry (B&I)Guaranteed Loan Rural Business Enterprise Grant (RBEG)

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Agriculture Biofuel Summit October 19-20, 2010

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  1. Agriculture Biofuel SummitOctober 19-20, 2010 USDA Rural Development Business Cooperative Programs John Guthmiller, Program Director 406-585-2540 john.guthmiller@mt.usda.gov

  2. Business Cooperative Programs • Business & Industry (B&I)Guaranteed Loan • Rural Business Enterprise Grant (RBEG) • Rural BusinessOpportunity 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)

  3. 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

  4. 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

  5. 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.

  6. 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

  7. Renewable Energy System Technology • Bioenergy (Biomass) • Anaerobic Digestor • Geothermal – Electric Generation • Geothermal – Direct Use • Hydrogen • Solar • Wind • Hydropower

  8. Energy Efficiency Improvements • Defined: Improvements to a facility, building, or process that reduces energy consumption, or reduces energy consumed per square foot.

  9. 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

  10. 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.

  11. 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

  12. REAP Grant Funding 25% of eligible project cost • Renewable Energy System: • Energy Efficiency Improvement: Minimum / Maximum $2,500 to $500,000 0r 25% $1,500 to $250,000 or 25%

  13. 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

  14. 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

  15. Agricultural Biofuel Summit Important Websites: • www.rurdev.usda.gov/mt • www.farmenergy.org • www.rurdev.usda.gov/ia Questions?

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