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KAFC approves $250K loan in Green Co. From Madison Pergrem Cannon Frankfort, KY - The Kentucky Agricultural Finance Corp. (KAFC) approved 19 agricultural loans totaling $4,112,135 for projects across the Commonwealth today at its monthly board meeting, including a $250,000 BFLP loan in Green County. Beginning Farmer Loan Program (BFLP) Thirteen Beginning Farmer loans totaling up to $2,732,135 were approved. Loan recipients were in Breckinridge ($90,750 and $202,400), Caldwell ($125,000), Fleming ($250,000), Graves ($250,000), Green ($250,000), Hickman ($249,280), Mercer ($152,000 and $250,000), Ohio ($250,000 and $250,000), Washington ($162,705), and Woodford ($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. Agricultural Infrastructure Loan Program (AILP) Six Agricultural Infrastructure loans totaling up to $1,380,000 were approved. Loan recipients were in Caldwell ($250,000), Graves ($250,000 and $250,000), Trigg ($130,000), and Webster ($250,000 and $250,000) 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 $250,000 not to exceed 50 percent of the project. For more information on KAFC participation loans, contact your lender or Bill McCloskey at Kentucky Office of Agricultural Policy at (502) 382-6093 or email kafc@ky.gov. This story was posted on 2025-11-14 14:32:58
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Have comments or corrections for this story? Use our contact form and let us know. More articles from topic Farm and Garden:
Getting farm fresh foods into Kentucky schools Drought conditions expected to hang around Ag Tag donations set another record for 2025 Reminder: CAIP application period opens Aug 11 Hart County farmers honored with Leopold Conservation Award Beef Field Day program on Aug 25 Steve Olt of Greensburg appointed to KAFC Board Apply for Adair County CAIP from Aug 11-29 KADB approves more than $580K for area projects Adair Co. 4-H blue ribbon winners - 2018 Country Ham project View even more articles in topic Farm and Garden |
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