BUTLER COUNTY, MO (KFVS) - State Treasurer Clint Zweifel announced Tuesday he awarded $626,000 in low-interest loans to a Butler county agribusiness and a Cape Girardeau County farmer.
The Batesville Grain and Fertilizer in Broseley, Mo. and a farm owned by Stanley Sievers in Jackson, Mo. received the loans from the Missouri Linked Deposit Program.
The $576,000 loan for the agribusiness will save it an estimated $22,000 in interest costs over the next two years, according to the office of the Treasurer. The business said it will be using the loan to build a new fertilizer house, upgrade the current facility and operating capital.
Sievers will get a $50,000 loan that will save him an estimated $1,000 in interest costs over the next year.