|
|||||||||
|
|
|||||||||
LOUISIANAFrank Millican Agribusiness Loan Guarantee Program 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 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 Linked Deposit Loan Program 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. |