Next Generation Farmer Loan Program
The Next Generation Farmer Loan Program uses federal tax-exempt financing to reduce a farmer’s interest rate for capital purchases, such as the purchase of farm land or agricultural machinery and equipment. Offered by PA Department of Community & Economic Development (DCED).
Key Facts
- Funder
- PA Department of Community & Economic Development (DCED)
- Award amount
- Not specified by funder
- Deadline
- Rolling / not specified
- Geography
- Pennsylvania
- Status
- Open
About This Grant
The Next Generation Farmer Loan Program uses federal tax-exempt financing to reduce a farmer’s interest rate for capital purchases, such as the purchase of farm land or agricultural machinery and equipment. Award: Maximum loan amount of $682,000 with no more than $62,500 being used toward the purchase of used equipment. Eligibility: • Permanent Pennsylvania resident who are at least 18 at the time of the loan application; Must meet lender’s credit standards; Access to adequate working...
Full requirements and application instructions: official listing.
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