USDA donates $60 million grant to Clovis’ Farmers’ Electric Cooperative Inc.

Published: May. 22, 2023 at 4:22 PM CDT|Updated: May. 22, 2023 at 6:17 PM CDT

CLOVIS, N.M. (KFDA) - The U.S. Department of Agriculture is helping rural communities by addressing immediate needs and fostering long-term economic growth.

USDA is providing loans and grants through their “Rural Partners Network,” to help people in rural communities access good-paying jobs, improve infrastructure, and provide affordable housing and quality health care.

Those living in southern communities will have an increased access to fresh foods in high-poverty areas and will connect people to power with smart-grid technologies.

The Farmers’ Electric Cooperative Inc., headquartered in Clovis, New Mexico, will receive a loan of $60,095,000 as part of the $394 million fund benefiting RPN communities.

Farmers’ Electric serves an average of 13,477 members over 4,363 miles in Curry, Quay, and Roosevelt counties in New Mexico and Deaf Smith, Oldham and Parmer Counties in Texas.