Missouri Linked Deposit Program

Agriculture

The purpose of the Beginning Farmer Program is to help beginning farmers and the part-time farmers who now want to farm full-time. The program provides loans for the purchase of agricultural land, farm buildings, new and used farm equipment, livestock and working capital.

 

Eligibility

  • The purpose of the Beginning Farmer Program is to help beginning farmers and the part-time farmers who now want to farm full-time. The program provides loans for the purchase of agricultural land, farm buildings, new and used farm equipment, livestock and working capital.
  • The proposed project is located in Missouri.
  • Borrower has adequate working capital and experience in the type of farming operation for which the loan is sought.
  • The project shall be used only for farming by the borrower or by the borrower's immediate family.
  • In previous five years, the applicant has not owned acreage in excess of 50% of the average size farm in the county they are farming in or own farmland with an appraised value over $450,000. Average Size Farm in Missouri.
  • Projected farm income (not including spouse's income) must be greater than non-farm income.

Download an Beginning Farmer Loan Application to be completed with your lender.