Food Retail Improvement and Development Grants (FRIDG): Retailer Equipment and Infrastructure 651-201-6004 Program increases the availability of and access to affordable, nutritious, and culturally appropriate foods (including fruits and vegetables) for underserved communities in low- and moderate-income areas. FRIDG: Retailer Equipment and Infrastructure Grants help grocery stores and small food retailers make physical improvements and purchase equipment to stimulate sales of such foods. Livestock Equipment Loan Program 651-201-6004 Designed to help finance the purchase of livestock-related equipment. Livestock Expansion Loan Program 651-201-6004 Assists livestock and dairy producers to finance the construction of state of the art facilities. Restructure II Loan Program 651-201-6004 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 651-201-6004 A cooperative financing effort involving a buyer, a seller, a local lender, and the Minnesota Rural Finance Authority (RFA). Specialty Crop Block Grant Program 651-201-6144 A grant program designed to enhance the competitiveness of specialty crops in domestic and foreign markets. Value Added Stock Loan Program 651-201-6004 Helps farmers finance the purchase of stock in a cooperative, Limited Liability Company, or limited liability partnership proposing to build or purchase and operate a facility to process or produce products from ag crops.
TAX CREDITS Beginning Farmer Tax Credit 651-201-6316 | mda.bftc@state.mn.us
Credit provides state tax credits to landlords and sellers (asset owners) who rent or sell farmland, equipment, livestock, and other agricultural assets to beginning farmers in the current tax year. Funding is limited . Tax credits are funded in a first-come, first-served manner regardless of the deadlines below. Applicants are highly encouraged to apply early in the year and may apply before sales close if needed.
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