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Board approves emergency loan to mushroom farm after rain damage
Summary
The board unanimously approved an emergency loan to OCR Inc (Small Kind Farm/Fung Yang) after heavy rains flooded mushroom substrata, costing roughly $20,000 in lost production and interrupting sales; staff recommended the loan under the declared emergency program.
The Agricultural Loan Division recommended approval of an emergency loan to OCR Inc (doing business as Small Kind Farm and Fung Yang) after flooding damaged the operation’s substrata—a pasteurized compost mix used to grow mushrooms—making it unusable and halting production for about a month.
Wayne Takamini described the production process and the losses: "the waters came in and flooded their pile of substrata which made it unusable, and they couldn't produce for about a month... the purpose of the loan is to keep them going while they have lost their revenue for about $20,000." Takamini said the borrower has strong credit and offered collateral including junior UCC blanket liens on some assets.
Staff recommended approval under the emergency loan program created after the governor’s disaster proclamations in March 2026. No public testimony opposed the request; the board voted and approved the emergency loan request unanimously.
Board members noted the program’s role in stabilizing small producers after climate‑driven weather events and asked staff to monitor program usage and fund ceilings.
