ALABAMA

Dr. John C. Gamble
Alabama Agricultural Development Authority
P.O. Box 3336
Montgomery, AL 36109-0336
(334) 240-7245
FAX (334) 240-7270
ageconadm@agi.state.al.us
Organization Began: 1980

Beginning Farmer Loan Program
1980 - Currently inactive
John Gamble
Approximately $12 million since inception
Alabama beginning farmers
Use of individual private activity bonds for qualified beginning farmer projects.

AADA Poultry Compost Project
1993
John Gamble
Alabama poultry producers
Direct low cost loans (4 percent) from $2,500 to $10,500 for construction of compost facility with four year amortization schedule. Bank letter of credit required with Extension Service approval, recertifying structure design and operational status. Loan amount is in accordance with house number.

Alabama Swine Industry Development Project
1996
John Gamble
Alabama contract swine producers
Low cost loans (3 percent) from $20,000 per housing unit up to a maximum loan per producer with maximum of $100,000. Letter of credit required from loan servicing agency.

AADA Experimental Vegetable Production Irrigation Project
1997
John Gamble
Alabama vegetable producers adopting plastic/irrigation production methods.
Low cost loans (2.5 percent) up to $10,000 per producer.

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