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Agricultural Finance

Finance & Budget Division

  1. Minnesota Department of Agriculture
  2. Company Dev, Loans, Grants
  3. Loans
  4. Agricultural Finance / Rural Finance Authority

The moneykey loans review Rural Finance Authority (RFA) provides low-interest loan programs to farmers for a multitude of tasks. The RFA lovers with neighborhood loan providers to give you credit that is affordable qualified farmers. Loan participations are ordered because of the RFA beneath the after programs:

Fundamental Farm and loans that are seller-Assisted assistance younger and beginning farmers buy ag land

Agricultural Improvement Loan – finances farm improvements for almost any ag associated function, such as for example grain managing facilities, device storage space and manure systems

Restructure II Loan – helps farmers reorganize their farm financial obligation to boost cashflow

Livestock Expansion Loan – produces financing that is affordable brand brand new state-of-the-art livestock manufacturing facilities.

The Aggie Bond Program produces a tax that is federal for banking institutions, and a federal and state income tax exemption on interest earnings to a person seller in return for providing below market rates of interest to eligible starting farmers to get farm property, agricultural improvements, breeding livestock and equipment. 2 hundred ninety-six farmers have benefited from over $42 million loans.

Revolving records happen founded to guide other loan tasks. The RFA has provided over $4.5 million in loans to 200 reduced equity farmers to buy stock in cooperatives that have and operate value-added agricultural processing facilities. The Livestock Equipment Loan Program was created to help fund the very first purchase of livestock-related gear and work out livestock facilities improvements. The Agriculture that is sustainable and digester loan programs are administered jointly because of the MDA Finance & Budget and Ag advertising & Development Divisions.