Thursday, March 18, 2010

Beginning Loan Programs

FCS Financial is the agricultural cooperative that finances farm and rural enterprise across Missouri, except for SE Missouri. The cooperative has a Beginning Farmer loan program that can lend up to $500,000 to an eligible borrower. Most BF loans are for amounts smaller than $500,000. Learn more…http://www.myfcsfinancial.com/agbusiness/YoungBeginningSmallFarmers

The Missouri Agricultural and Small Business Development Authority (MASBDA) administers a program funded by the state for Missouri’s beginning farmers. The Authority can lend up to $470,100 to qualified borrowers for land, buildings, farm equipment and breeding livestock. Loans are made through local banks with MASBDA issuing tax-exempt bonds as a means of funding the program. Learn more …
http://mda.mo.gov/abd/financial/begfarm.php

The U S Department of Agriculture offers beginning loans through the Farm Service Agency. Start here…
http://www.fsa.usda.gov/FSA/webapp?area=home&subject=fmlp&topic=bfl

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