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LOUISIANARandy Rogers Program/Project Title: Agribusiness Loan/Guarantee Program Contact Person: Randy Rogers Target Group: Agribusinesses Description: Assists individuals/firms engaged in marketing, processing and/or further processing of Louisiana farm products with a lower than market rate of interest. In no case, however, shall the rate be less than the base Federal Reserve discount rate at the time the loan is approved. Loans shall not exceed 75 percent of the value of the property offered as security. Program/Project Title: Linked Deposit Loan Program Program Began: 1989 Contact Person: Randy Rogers Target Group: Ag processors Description: 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. Program/Project Title: Linked Deposit Loan Program Program Began: 1989 Contact Person: Randy Rogers Target Group: Ag producers Description: 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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