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Agricultural Improvement Loan Program (Minnesota)
EZFeed/Relevant Yes  +
Incentive/Active true  +
Incentive/ApplDsc Agricultural  +
Incentive/Auth2Code Minn. R. 1650.0601 et seq.  +
Incentive/Auth2DtEff 10/26/2005 (most recent revision)  +
Incentive/Auth2Link  +
Incentive/AuthCode Minn. Stat. § 41B.043  +
Incentive/AuthDtEnact 1995-01-01  +
Incentive/AuthLink  +
Incentive/Cont2Addr 625 Robert Street North  +
Incentive/Cont2Dept Minnesota Department of Agriculture  +
Incentive/Cont2Div Finance and Budget Division  +
Incentive/Cont2Email  +
Incentive/Cont2Name Ryan Roles  +
Incentive/Cont2Phone (651) 201-6666  +
Incentive/Cont2Phone2 (651) 201-6004  +
Incentive/Cont2Place St. Paul, Minnesota  +
Incentive/Cont2Website  +
Incentive/Cont2Zip 55155-2538  +
Incentive/ContAddr 625 Robert Street North  +
Incentive/ContDept Minnesota Department of Agriculture  +
Incentive/ContDiv Agricultural Development & Financial Assistance Division  +
Incentive/ContEmail  +
Incentive/ContName Gary Blahosky  +
Incentive/ContPhone (651) 201-6666  +
Incentive/ContPlace St. Paul, Minnesota  +
Incentive/ContWebsite  +
Incentive/ContZip 55155-2538  +
Incentive/EnergyCat Renewable Energy Incentive Programs  +
Incentive/ImplSector State/Territory  +
Incentive/MaxInc RFA provides up to 45% of loan up to 300,000 of loan principal  +
Incentive/Name Agricultural Improvement Loan Program  +
Incentive/ProgAdmin Rural Finance Authority  +
Incentive/Summary The Agricultural Improvement Loan Program
The Agricultural Improvement Loan Program is administered by the Minnesota Department of Agriculture through the Minnesota Rural Finance Authority (RFA) and provides loans to farmers for improvements or additions to permanent agricultural facilities. In 1995, wind-energy systems with a maximum capacity of 1 megawatt (MW) became eligible for the program.<br> <br> Like Minnesota's Stock Loan Program, this is a "participation loan," where loans are made by individual financial institutions working with the RFA. The RFA has a Master Participation Agreement with over 400 financial institutions throughout the state; this agreement governs the responsibilities of the various parties in such participation loans. RFA participation is limited to 45% of the principal amount of the loan or $300,000, whichever is less. Terms for the remainder of the loan are negotiated between the participant and the lender.<br> <br> The borrower must be a Minnesota resident, a Minnesota domestic family-farm corporation or a family-farm partnership. The borrower (or one of the borrowers) must be the principal operator of the farm. The borrower may not have a total net worth exceeding $444,000 (indexed for inflation). Applicants are required to pay a non-refundable $50 application processing fee.
refundable $50 application processing fee.  +
Incentive/TechDsc Anaerobic Digestion + , Biomass + , Wind +
Incentive/Terms Maximum term of 10 years  +
Incentive/Type State Loan Program +
OpenEI/PageDescription Agricultural Improvement Loan Program: energy incentive program.  +
OpenEI/PageKeyword Energy Incentives  + , Minnesota  + , State Loan Program  + , Rural Finance Authority  +
Place Minnesota: Energy Resources +
Website  +
Categories Financial Incentive Programs , Incentive with Contacts , Incentive with Authorities , Pages with reference errors
Modification date
"Modification date" is a predefined property that corresponds to the date of the last modification of a subject and is provided by Semantic MediaWiki.
17:45:02, 12 February 2015  +
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