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What is the RESEED Recovery Fund?

The RESEED Recovery Fund provides affordable loans to farmers in North Carolina and South Carolina who were affected by Hurricanes Florence and Michael.  
NCIFund will be accepting RESEED applications on a first-come first-serve basis until March 31, 2019.  Before applying, farmers interested in a RESEED loan are strongly encouraged to contact Rick Larson at NCIFund at 919-951-0113 or This email address is being protected from spambots. You need JavaScript enabled to view it.

Applications are available  here.

Who’s eligible for the RESEED Recovery Fund?

a.     Any NC or SC farmer or value-added producer with documented farm sales of > $5,000 in 2017 or 2018, who sustained damage from Hurricanes Florence or Michael.  
b.     Farms must have an FSA Farm Number or be a Carolina Farm Stewardship Association member.
c.     Farmers do not need to be located in officially designated disaster areas/counties to qualify.

What can RESEED loans be used for?

a.       Operating loans for 2019 crops.
b.       Repairs to damaged infrastructure/equipment (e.g., hoop houses, animal shelters).  
c.        Replacement of damaged/lost plants or livestock.  
d.       Bridge loans for future (documented) insurance payments or grants. 
e.       Investments that increase the enterprise’s financial self-sufficiency and resiliency. 

How much is available?

$250,000.  NCIFund will use its existing loan capital and welcomes contributions from other partners.

What size loans are available?

$2,500 to $10,000.  

What are the terms of the loans?

a.     Loans will be unsecured and personally guaranteed. 
b.     Interest rate: 1%.
c.     $100 fee if the loan is funded (can be rolled into the loan amount). 
d.     Repayment:  Loans to be repaid in a lump sum (principal + accrued interest) at maturity.
e.     Term:  Up to 1 year maximum. NCIFund will consider refinancing loans of $7,500 or more at the end of the term provided that: 
         i.      Accrued interest for the loan is paid at the time of refinancing; and 
         ii.     The borrower meets NCIFund’s underwriting standards, which may be different from the terms of the RESEED loan.

What information do I need to provide to apply? 

a.     Application with: 
        i.      Key identifying information about the farm/farmer/business owner, including description of growing practices, FSA farm number or Carolina Farm Stewardship membership.
        ii.     Description of the enterprise and damage incurred.
        iii.      Proposed budget for the use of loan proceeds.
        iv.     Permission to obtain a credit report for the applicant.
b.     Projected financial statement for 2019 showing how the loan will be repaid.
c.     2017 tax return (preferable), or receipts demonstrating 2017 or 2018 sales of at least $5,000.
d.     Written 3rd party verification of impact from Hurricanes Florence and/or Michael. This can be from an extension agent, NC Department of Agriculture & Consumer Services, SC Department of Agriculture, or USDA representative, support organization (e.g., CFSA, RAFI, CEFS, etc.), a buyer, or another individual/entity familiar with the farm or operation.  Photos recommended.
e.     Applicants seeking $5,000 or more must first consult with RAFI-USA to assure that they are accessing existing disaster assistance programs and help them evaluate their recovery options.  Call RAFI-USA at:  919-542-1396, ext. 1 to set up an appointment.

For more information, click here.


How do I submit the application? 

a.     Via secure link:

The preferred method for submitting the application and supporting documents is via a secure link.  To obtain the link, contact Rick Larson at NCIFund at: This email address is being protected from spambots. You need JavaScript enabled to view it. or by phone at (919) 951-0113

b.     By US Postal Service, FedEx, or UPS: 

Rick Larson, Director of Strategic Initiatives
Natural Capital Investment Fund
77 Vilcom Center Dr., Suite 340
Chapel Hill, NC 27514
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone:  919-951-0113


For general inquiries, contact:

Rick Larson, This email address is being protected from spambots. You need JavaScript enabled to view it. | (919) 951-0113