Rural investment fund to focus on food and agribusiness
A new private investment fund has the potential to put $100 million into small food and agriculture businesses in rural America. Agriculture Secretary Tom Vilsack announced the creation of the Open Prairie Rural Opportunities Fund at a White House conference on rural business. It will be the fourth Rural Business Investment Company (RBIC) created with USDA assistance since 2014 with the goal of directing private-sector capital into rural economic growth.