Easier Credit Access for Fishing Industry Support Businesses
This bill expands access to specialized credit and financial services provided by the Farm Credit System. The change allows businesses that directly support commercial fishermen and aquatic product producers (such as equipment suppliers or service providers) to utilize these financing sources. The goal is to strengthen the entire supply chain of the fishing industry and support coastal economies.
Key points
Businesses serving fishermen (e.g., suppliers, repair services) will gain access to credit from the Farm Credit System, previously mainly reserved for producers themselves.
Increased financing availability aims to help modernize and stabilize operations supporting the commercial fishing industry.
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