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ALABAMADr. John C. Gamble, Executive Director Program Began: 2005 Target Group: Alabama cattle producers Description: Low cost loans (3 percent) from $7,500 to $22,500 to provide financial assistance for the construction of approved bulk commodity storage barns with a three year amortization schedule. Program/Project Title: AADA Well Pilot Project Program Began: 2006 Target Group: Alabama poultry producers Description: Low cost loans (3 percent) limited to 80 percent of the project cost up to a maximum of $12,000 with a four year amortization schedule. To provide financial assistance for drilling a well to be used as an alternative source of water to supply their poultry operations. Program/Project Title: AADA Experimental Vegetable Production Irrigation Project Program Began: 1997 Target Group: Alabama vegetable producers adopting plastic/irrigation production methods. Description: Low cost loans (2.5 percent) up to $10,000 per producer. Program/Project Title: AADA Hay Barn Loan Program Began: 2008 Target Group: Alabama cattle producers Description: Low cost loans (4 percent) up to $25,000 to provide financial assistance for the construction of an approved new hay barn for use on farms and ranches in Alabama with a four year amortization schedule. Program/Project Title: AADA Cattle Working Facilities Loan Program Began: 2010 Target Group: Alabama cattle producers Description: Low cost loans (3 percent) up to $20,000 to provide financial assistance for the construction of approved working facilities for use on farms and ranches in Alabama with a three year amortization schedule.
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