Government and Bank Loans for Farms
Farm Service Agency (FSA) — The US Farm Service Agency makes many types of direct and guaranteed farm-ownership and operating loans to family-size farmers and ranchers.
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FSA Microloans — ‘Microloans’ of up to 50,000 for operating costs are now available
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Beginning Farmer and Rancher Loans – Many FSA loan programs have funds set aside specifically to help beginning farmers and ranchers, which means those who have owned or operated a farm or ranch for fewer than 10 years, or that own and operate a small farm or ranch that is less than 30% of median county farm size for the county they are located in.
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Rural Energy for America Program (REAP) and Energy Efficiency Improvement Loans and Grants — For assistance in the purchase and installation of on-farm and rural renewable energy generating systems or energy efficiency improvements.
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AgWest Farm Credit — Agwest Farm Credit specializes in loans to farmers and ranchers for farm ownership and operating costs.
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Community Banks and Credit Unions – A number of smaller community banks and credit unions make loans for farms and farming operations and serve particular regions.
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Oregon ‘Aggie Bonds’ Beginning and Expanding Farmer Loan Program – This program is an interest rate reduction program for beginning farmers that can provide significantly lower interest rates on farm and equipment ownership loans. Administered by Business Oregon, a state agency, involvement from a participating lender, like AgWest Farm Credit or another bank, is required.
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In addition to the Aggie Bonds program, Business Oregon administers a number of other loan program for small business that food and agricultural entrepreneurs might be able to use
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