MISSISSIPPI

Chance B. Carter
Mississippi Development Authority
P.O. Box 849
Jackson, MS 39205
(601) 359-3552
FAX (601) 359-3619
www.mississippi.org
ccarter@mississippi.org

Agribusiness Loan Program
1990
Chance B. Carter
$65 million
Any agribusiness located in the state of Mississippi

Designed to encourage the extension of conventional financing by lending institutions, by providing interest-free loans to agribusiness. An eligible agribusiness is any aquaculture; horticulture; or agriculture -related industrial, manufacturing, research and development, or processing enterprise. The maximum agribusiness loan is 20 percent of the total project cost or $200,000, whichever is less. Proceeds may be used to finance buildings and equipment and for cost associated with the purchase of land (appraisals, title searches, etc.). However, proceeds cannot be used to purchase land. All loans must be guaranteed by the Farm Service Agency, the Small Business Administration, or a direct lender.

Mississippi Land, Water and Timber Resources Program
2001
Chance B. Carter
$20 million
Any agribusiness located in the State of Mississippi

The Mississippi Land, Water and Timber Resources Program is a finance program designed to stimulate growth of the agricultural industry by assisting in the development, marketing, and distribution of agricultural products. Projects are approved by the Land, Water and Timber Resources Board and may be funded through loans, grants, contracts, and any other manner the Board determines appropriate.

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