Kentucky Agricultural Finance Corporation Approves 15 Loans Totaling $2.87 Million, Mostly for Beginning Farmers
The Kentucky Agricultural Finance Corporation (KAFC) approved 15 agricultural loans totaling $2,865,303 for projects across the Commonwealth at its monthly board meeting in Frankfort on November 13. Thirteen of the loans were made under the Beginning Farmer Loan Program (BFLP).
The beginning farmer loans went to recipients in 12 counties: $250,000 each in Bourbon, Christian, Daviess, Hardin, Jessamine and Shelby counties; $196,500 in Allen County; $175,000 in Barren County; $205,000 in Garrard County; $87,500 in McLean County; $102,800 in Pulaski County; and two loans totaling $308,723.37 in Warren County. The BFLP assists individuals with some farming experience who want to develop, expand or buy into a farming operation, financing livestock, equipment and agricultural facilities, permanent working capital, farm real estate, or investment in a partnership or LLC.
KAFC participation loans are arranged through local lenders. Prospective applicants can contact their lender or Bill McCloskey at the Kentucky Office of Agricultural Policy for information.
(Source: Kentucky Department of Agriculture)
Source: Kentucky Department of Agriculture
Published by GSM · USA (original Chinese edition)
Photo: 图：A horse farm in Lexington, Kentucky，作者 TheLexingtonTimes，Wikimedia Commons，CC BY-SA 4.0；Photo: A horse farm in Lexington, Kentucky, by TheLexingtonTimes, via Wikimedia Commons, CC BY-SA 4.0
