Kentucky Agricultural Finance Corporation approves $984,625 in loans

Published 9:00 am Wednesday, October 20, 2021

Boyle County approved for $54,625

KENTUCKY DEPARTMENT OF AGRICULTURE

News release

The Kentucky Agricultural Finance Corporation approved $984,625 for six agricultural loans for projects across the commonwealth at its monthly board meeting.

Beginning Farmer Loan Program

Beginning Farmer loans totaling $984,625 were approved for recipients in Barren ($250,000), Bourbon ($50,000), Boyle ($54,625), Grant ($250,000), Mercer ($130,000), and Monroe ($250,000) counties. 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.

For more information on the programs offered by the KAFC, contact Ali Hulett, loan programs manager, at 502-782-1760 or email kafc@ky.gov.