The next cohort of the Credity Ready Meat and Poultry Lending Professionals Training Virtual Series is scheduled for the following Wednesdays from 1–3 PM EST:
- November 1
- November 8
- November 15
- November 29
- December 6
- December 13
You can also apply for the 3rd and final cohort, which will be scheduled for Q1 2024—dates to be announced.
Priority will be given to financial institutions, particularly those poised to increase lending to meat/poultry processors. Complete this survey to apply for registration.
Credit Ready Meat and Poultry Lending Professional Training - Virtual Series
The Credit Ready Meat and Poultry Lending Professional Training - Virtual Series is designed for individuals who work at community-based lending institutions (credit unions, CDFIs, and community banks) and other entities eligible for the Meat and Poultry Intermediary Lending Program or the Food Supply Chain Guaranteed Loan Program. It's ideal for those who are interested in increasing their organizations' activity in the meat and poultry processing space. These trainings will cover the knowledge, skills, and practices you need to finance meat and poultry processing businesses, including market assessment, product development, underwriting and deal structuring, and program and asset management, and support your borrowers through connections to technical expertise. This course is built on real world experience and will be led by co-instructors from the Niche Meat industry and the Community Development Finance field.
- Kathryn Quanbeck - Director of Retail Sales for a pasture-raised/finished meat company with 16 years in niche meat industry as a trainer, consultant, and economist
- Lisa Wager - Community development consultant and trainer with over 20 years in the CDFI industry; founding Executive Director of Wind River Development Fund on the Wind River Indian Reservation in Wyoming
- Tera Johnson, Kitchen Table Consultants - consultant, entrepreneur, and founder of the Food Finance Institute at the University of Wisconsin
- Kari Underly, Range Meats Inc. - trainer, entrepreneur, and 3rd generation butcher
- Joe Cloud - former Co-Owner and General Manager of processor T&E Meats in Harrisonburg, VA
- Jennifer Curtis and Tina Prevatte Levy, Firsthand Foods - co-founders of a pasture-raised meat food hub in Durham, NC
- Rebecca Thistlethwaite, Honest Meat - consultant, entrepreneur, and Director of Niche Meat Processor Assistance Network at Oregon State University
- Flower Hill Institute - coordinator of Meat & Poultry Processing Capacity Technical Assistance (MPPTA) Program, a cooperative effort with the USDA Agricultural Marketing Service
- American Meat Science Association - MPPTA TA provider and membership organization of 1000+ meat scientists conducting research, education, and professional development in discipline
- Agriculture Utilization Research Institute - MPPTA TA provider and R&D hub for innovative value-added agricultural products with a focus on the Midwest
Meet the instructors and watch the recording for more details!
Eligible participants: community lenders including nonprofits, public agencies, Tribal Entities, cooperatives, or community-based banks, as well as select individuals who package loan requests for processors or provide due diligence to lenders. We encourage two people per organization to participate in the training; though, they do not need to participate in the same cohort.
The 6-week virtual series will consist of 6 modules, each including 2 hours in a virtual classroom and 60-90 minutes of self-paced work per week. Classes will be held on Zoom and will include dynamic presentations and discussion with the instructors and guest presenters. Course materials, assignments, and a discussion board will be housed on a web-based learning management system called Canvas. Participants are required to attend all classes, though they may miss 1 session (max). All class sessions will be recorded and participants will have to watch any missed class.
- Module 1 - Introduction to Meat & Poultry Processing
- Module 2 - Market Analysis & Business Planning
- Module 3 - Operations & Best Practices
- Module 4 - Financial Feasibility
- Module 5 - Capital Sources & Packaging
- Module 6 - Lending Strategies
One additional cohorts are planned, tentatively scheduled for January/February 2024. The planned cohorts of this program are offered at no cost to participants, supported by funding from the USDA Rural Development's Rural Business and Cooperative Service. The value of this program is $1,850 per participant.
Credit Ready Meat and Poultry Lending - Professional Technical Assistance
The Center for Impact Finance also provides Credit Ready Mean and Poultry Lending Professional Technical Assistance to individuals who work at community-based lending institutions (credit unions, CDFIs, and community banks). In addition, it applies to other entities eligible for the Meat and Poultry Intermediary Lending Program or the Food Supply Chain Guaranteed Loan Program who are interested in increasing their organizations' financing activity in the meat and poultry processing space. Eligibility requirements include more than one year of lending experience. Contact Hannah Vargason to inquire about technical assistance.
FOR MORE RESOURCES:
Processor Grant Applications due November 22, 2023
The Meat and Poultry Processing Expansion Program Phase 2 (MPPEP) is providing up to $123 million in grants to help eligible processors expand their capacity, which creates new, better and more processing options for meat and poultry producers. USDA Rural Development designed the MPPEP to encourage competition and sustainable growth in the U.S. meaat processing sector, and to help improve supply chain resiliency. Entities that engage or plan to engage in meat and poultry processing, including private, nonprofit, tribal, cooperative, state or local government, among other entities. Applications will be accepted until November 22, 2023. Learn more about the program here.
Processor Technical Assistance
The Meat and Poultry Processing Technical Assistance (MPPTA) program ensures that participants in USDA's Meat and Poultry Supply Chain initiatives have access to full-range technical assistance to support their project development and success. USDA's Agricultural Marketing Service (AMS) is investing up to $25 million to establish a nationwide MPPTA network of support in four key areas: federal gran application management, business development and financial planning, meat and poultry processing technical and operation support, and supply chain development. Learn more about the assistance program.