Washington, MO, Sep 17, 2013 -- USDA Rural Development Assistant State Director Tim Rickabaugh today announced funding for Exceptional Equestrians of the Missouri Valley, Incorporated. Rural Development approved a Community Facility Direct Loan of $750,000. Rural Development funds will be used to purchase a horse stable and approximately 31 acres.
"We never know when we will need health care services or the type of services we may need. The importance of health care services is having them available when needed, Rickabaugh said. Services may include physical or mental treatment. Medical research is continuing to support evidence of the significance of the link between physical and mental care in the healing process. Exceptional Equestrians understands this link very well. They combine the physical activity of horsemanship with the mental comfort found in being in contact with people and animals. Rural Development is proud to be a partner in assuring this unique health care is available and in the re-purposing of a facility."
Community Facility Grant and Loan Programs provide loans, grants and loan guarantees for projects to develop essential community facilities for public use in rural areas. This may include hospitals, fire protection, public safety, libraries, schools, day care centers as well as many other community-based initiatives. USDA also works to develop the capacity and ability of private, nonprofit community-based housing and community development organizations, and low income rural communities to improve housing, community facilities, community and economic development projects in rural areas.
For other examples of USDA investments in rural communities, please visit RD's interactive web map at http://www.rurdev.usda.gov/RDSuccessStories.html. The map features program funding and success stories for fiscal years 2009-2011. For further information about Rural Development programs in Missouri visit the website at: http://www.rurdev.usda.gov/mo.
President Obama's plan for rural America has brought about historic investment and resulted in stronger rural communities. Under the President's leadership, these investments in housing, community facilities, businesses and infrastructure have empowered rural America to continue leading the way – strengthening America's economy, small towns and rural communities. USDA's investments in rural communities support the rural way of life that stands as the backbone of our American values. President Obama and Agriculture Secretary Tom Vilsack are committed to a smarter use of Federal resources to foster sustainable economic prosperity and ensure the government is a strong partner for businesses, entrepreneurs and working families in rural communities.
USDA, through its Rural Development mission area, has an active portfolio of more than $181 billion in loans and loan guarantees. These programs are designed to improve the economic stability of rural communities, businesses, residents, farmers and ranchers and improve the quality of life in rural America. USDA has made a concerted effort to deliver results for the American people, even as the Department implements sequestration – the across-the-board budget reductions mandated under terms of the Budget Control Act.
USDA has already undertaken historic efforts since 2009 to save more than $828 million in taxpayer funds through targeted, common-sense budget reductions. These reductions have put USDA in a better position to carry out its mission, while implementing sequester budget reductions in a fair manner that causes as little disruption as possible.
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