ARLFAgricultural Revolving Loan Fund (Alaska Department of Natural Resources)
ARLFAustralian Rural Leadership Foundation
ARLFAustralian Rugby League Foundation (Sydney, Australia)
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Alaska farmers use the three main lending institutions in the state: Agricultural Revolving Loan Fund (ARLF), a Staterun program: U.S.
"In the last few years, our funds have diminished," said Candy Easley, loan officer with ARLF. "Unless it's recapitalized, there won't be enough funds."
Losing ARLF is like kicking out one leg from a three-legged stool.
Established in 1953, ARLF, as a revolving loan fund, focuses on development.
For example, a farm may need a FSA loan to buy dairy cattle, an ARLF loan for adding a creamery and milking equipment and an AARC loan for building a farmhouse.
The funds have dwindled because ARLF was set up to revolve, but it hasn't.
"I think that ARLF, the primary lender of the state, needs to be recapitalized," he said.
Seawell, using his political clout, convinced the ARLF to invest another $1 million to upgrade the Mat Maid facilities, its plant equipment and fleet of trucks.