FRANKFORT, Ky. — The Kentucky Agricultural Finance Corporation (KAFC) approved $984,625 for six agricultural loans for projects across the commonwealth at its monthly board meeting.
Beginning Farmer Loan Program (BFLP)
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 firstname.lastname@example.org.
— Kentucky Department of Agriculture
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