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UMass agriculture fund expands loan opportunities
Updated Jan 21, 2021;
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AMHERST A fund at the University of Massachusetts is offering the opportunity to apply for a substantial, no-interest loan to any graduate to support agricultural activities.
The Lotta Agricultural Fund was established in 1924 to provide interest-free loans to Stockbridge School of Agriculture graduates to support their agricultural food production enterprises. The fund is now open to any UMass Amherst graduate engaged in agricultural activities, but preference will be given to Stockbridge alumni.
To apply for a loan, applicants should send a letter to the foundation that oversees the fund. The letter should include applicant’s name, major field of study, and year of graduation from UMass Amherst, the size of the loan being sought, desired timing for disbursement and payback period (up to 10 years), and past and current experience related to agricultural production since graduation.
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