Comments on Funding:
- Funding for Tile Drainage loans is available for 75% of project costs, to a maximum of $20,000 per year at 6%.
- Terms of repayment for Term Loans are determined individually for each loan based on the farm profitability and cash flow.
- Operating Credit Lines must revolve on a yearly basis. Special assignments and risk management tools are required with these loans.
- HerdBuilder loans support herd expansion with repayment terms that match the applicant’s cashflow whether retaining heifers or purchasing bred heifers and breeding stock. Sheep and goat producers are eligible as well.
Applicants must develop a viable business plan and loan application, if applying for Term Loans.