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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
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Caregivers will meet Wednesday, Feb 14 Boil Water Advisory lifted Morgan graduates with DOCJT Class 545 Chamber of Commerce to meet Feb 13 Green among counties funded to clean up illegal open dumps Boil Water Advisory issued Memories are being shared about pageant winners Auditions for Ugly Duckling are Feb 11 in Edmonton Little League Banquet update Kentuckians invited to Shop and Share on Saturday View even more articles in topic News |
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