Farm Energy Breaking News

Legislation just enacted in Hawaii will provide loans to help farmers create their own power, reports Pacific Business News. Act 209 provides loan funds to allow farmers to develop renewable energy for their farms using sources such as photovoltaic, hydro, wind, methane, biodiesel and ethanol. The maximum loan amount would be $1.5 million or 85 percent of the project cost, whichever is less, for up to 40 years. The annual interest rate will be 3 percent for agricultural loans.