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PA Industrial Development Authority approves funding for two ag projects

by Greater Reading Chamber Alliance

The Greater Reading Chamber Alliance (GRCA) today announced that the Pennsylvania Industrial Development Authority (PIDA) approved two economic development loans at its January board meeting in Harrisburg.

PIDA will provide a $400,000 loan to assist RanShar Farms, LLC with the construction of a duck finishing barn, which will be able to produce 247,000 ducks annually, totaling 40,500 sq. ft. The project is located at 148 Bachmol Road, Tilden Township. RanShar Farms, LLC is a family-operated farm owned by brothers, Randy and James Reppert. The farm was previously owned by their parents, and focused on crop production of hay, corn and soybeans. The duck expansion will generate additional income to keep the farm operation in the family.

“What great news that PA is willing to partner with a family-owned farm. Their help will ensure that our family farm will be able to stay in the family for generations to come,” said James Reppert.

Nevin and Stella Burkholder received approval for a $400,000 PIDA loan that will help them with the acquisition of a 102-acre tract site at 1302 Pleasant Hill Road, Maidencreek Township, which was the former Pleasant Hill Golf Course. It will be used for crop farming of corn, wheat and soybean production, and will supplement their existing farm operation located nearby in Richmond Township.

“GRCA is excited that these two loans will have such an immediate impact on local farming businesses. It reaffirms our commitment to expanding our support for agri-businesses in the Greater Berks region,” said Pamela J. Shupp, Executive Vice President & COO of the Greater Reading Chamber Alliance.

For more information regarding project financing available through the GRCA, call Chris Witmer at 610-898-7794 or send him an email at [email protected].