LOUISIANA

Frank Millican
Louisiana Agriculture Finance Authority
P.O. Box 3334
Baton Rouge, LA 70821-3334
(225) 922-1292
FAX (225) 922-1289
frankm@ldas.state.la.us
Organization Began: 1984

Agribusiness Loan Guarantee Program
Frank Millican
Agribusinesses

Assists individuals/firms engaged in marketing, processing and/or further processing of Louisiana farm products. Loans shall not exceed 75 percent of the value of the property with a lower than market rate or interest. In no case, however, shall the rate be less than the base federal reserve discount rate at the time the loan is approved.

Linked Deposit Loan Program
1989
Frank Millican
Ag processors

Provide low interest loans to any person who seeks to acquire, construct, furnish, equip, make necessary improvements to, or purchase any agriculture plant; or provide operating capital, market development and product inventories provided that the low interest loan shall result in a significant contribution to the economic development of the state
and assists in maintaining business profitability as well as preserving and creating jobs for Louisiana citizens.

Linked Deposit Loan Program
1989
Frank Millican
Ag producers

Provide low interest loans to any person who seeks to continue operation of the farm through the crop or production year, repair or purchase agricultural equipment and machinery, rental of equipment and machinery and the purchase of seed, feed, fertilizer, chemical, crop insurance, livestock, and production-related energy, labor, or veterinarian fees provided that the low interest loan shall result in a significant contribution to the economic development of the state and assists in maintaining the farming business in Louisiana.

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