date:Apr 24, 2014
The United States Department of Agriculture (USDA) has announced a new investment fund to facilitate private equity investments in agriculture-related businesses.
The new Rural Business Investment (RBIC) will help USDA in providing funds to grow small businesses and create jobs in rural America.
Advantage Capital Partners will manage the new fund, while its partners from eight Farm Credit institutions will invest around $150m into the new effort.
The fund is being formed under the USDA's Rura