ColumbiaMagazine.com
Printed from:

Welcome to Columbia Magazine  
 



































 
KAFT approves $500K in BFLP loans in Green Co.

From Madison Pergrem

Frankfort, KY - The Kentucky Agricultural Finance Corp. (KAFC) approved $4,480,399 for 23 agricultural loans for projects across the commonwealth at its monthly board meeting, including two $250,000 Beginning Farmer Loan Program loans in Green County.


Agricultural Infrastructure Loan Program (AILP)
Five Agricultural Infrastructure loans totaling $708,502 were approved. Loan recipients were in Boyle ($48,622), Daviess ($206,000), Grayson ($70,000), Hardin ($250,000), and McLean ($133,880) counties. KAFC participates with lenders to provide financing to producers making capital expenditures for agricultural projects through the AILP. Eligible projects include permanent farm structures with attached equipment that improves the profitability of farming operations. Producers may be eligible for up to $150,000 not to exceed 50 percent of the project.

Beginning Farmer Loan Program (BFLP)
Eighteen Beginning Farmer loans totaling up to $3,771,897 were approved. Loan recipients were in Breckinridge ($135,000), Carlisle ($250,000), Fulton ($250,000), Grayson ($125,000), Green ($250,000 and $250,000), Hancock ($136,497), Hart ($250,000), Henry ($250,000), Hopkins ($250,000), LaRue ($250,000), McLean ($192,500 and $250,000), Nelson ($32,900 and $150,000), Ohio ($250,000), Union ($250,000), and Webster ($250,000) counties.

The BFLP is designed to assist individuals with some farming experience who desire to develop, expand, or buy into a farming operation. Beginning farmers may qualify for financing to purchase livestock, equipment, or agriculture facilities; to secure permanent working capital; for the purchase of farm real estate; or to invest in a partnership or LLC.

For more information on the programs offered by the KAFC, contact Bill McCloskey at Kentucky Office of Agricultural Policy at (502) 382-6093 or email kafc@ky.gov.


This story was posted on 2024-02-10 13:38:51
Printable: this page is now automatically formatted for printing.
Have comments or corrections for this story? Use our contact form and let us know.



 

































 
 
Quick Links to Popular Features


Looking for a story or picture?
Try our Photo Archive or our Stories Archive for all the information that's appeared on ColumbiaMagazine.com.

 

Contact us: Columbia Magazine and columbiamagazine.com are published by Linda Waggener and Pen Waggener, PO Box 906, Columbia, KY 42728.
Phone: 270.403.0017


Please use our contact page, or send questions about technical issues with this site to webmaster@columbiamagazine.com. All logos and trademarks used on this site are property of their respective owners. All comments remain the property and responsibility of their posters, all articles and photos remain the property of their creators, and all the rest is copyright 1995-Present by Columbia Magazine. Privacy policy: use of this site requires no sharing of information. Voluntarily shared information may be published and made available to the public on this site and/or stored electronically. Anonymous submissions will be subject to additional verification. Cookies are not required to use our site. However, if you have cookies enabled in your web browser, some of our advertisers may use cookies for interest-based advertising across multiple domains. For more information about third-party advertising, visit the NAI web privacy site.