A Guide To STARTING A BUSINESS IN MINNESOTA 42nd Ed 2024

Aggie Bond Beginning Farmer Loan 651-201-6556 Offers affordable financing for a qualified beginning farmer. Agricultural Improvement Loan 651-201-6666 Assists eligible farmers to finance capital improvements to their farming operation. Beginning Farm Loan 651-201-6666 Offers affordable financing, a reasonable down payment and built-in safeguards, such as farm management training and financial planning. Farm Opportunity Loan Program 651-201-6666 Designed to finance the purchase of equipment to add value to crops or livestock, adopt best management practices, reduce agricultural inputs to improve the environment, and increase on-farm energy production. Livestock Equipment Loan Program 651-201-6666 Designed to help finance the purchase of livestock-related equipment. Livestock Expansion Loan Program 651-201-6666 Assists livestock and dairy producers to finance the construction of state of the art facilities. Methane Digester Loan Program 651-201-6666 Helps supplement the funds needed for livestock producers in Minnesota to begin installing digesters on their farms. Pilot Agricultural Microloan Program 651-201-6666 Program was established to assist non-traditional farmers by providing lending capital while developing their farm business towards traditional agricultural credit. Restructure II Loan Program 651-201-6666 Designed to help farmers who remain in good credit standing with their local ag lender, but are having trouble with cash flow due to adverse events. Seller Assisted Loan Participation Program 651-201-6666 A cooperative financing effort involving a buyer, a seller, a local lender, and the Minnesota Rural Finance Authority (RFA), where the seller participates in financing the sale of their farm by providing a portion of the financing.

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