MISSOURI

Tony Stafford
Missouri Agricultural and Small Business Development Authority
P.O. Box 630
Jefferson City, MO 65102
(573) 751-2129
FAX (573) 522-2416
tony_stafford@mail.mda.state.mo.us
Organization Began: 1981

Beginning Farmer Program
1984
Tony Stafford
Beginning farmers

Participation guidelines for this program include the borrower’s net worth of less than $200,000 and a minimum age requirement of 18 years.

Animal Waste System Loan Program
1995
Tony Stafford
$10,000,000
Livestock/poultry producers

Loans to finance animal waste treatment systems that have been approved by the Department of Natural Resources.

Single-Purpose Animal Facilities Loan Guarantee Program
1995
Tony Stafford
Up to $40,000,000 in guaranteed loans
Livestock/poultry producers
This program provides a 50 percent first loss guarantee to lenders making loans for single-purpose livestock facilities or expansion of existing livestock operations.

Project Title: Missouri Value Added Program (MoVAP)--Loan Guarantee and Grant Programs
1998
Tony Stafford
Loan Guarantee Program: Up to $10 million in guaranteed loans; Grant Program: Volume determined annually
Value-added agriculture projects

Loan Guarantee: a 25 percent first loss guarantee is provided to lenders making loans for value added agricultural projects including loans for land, building, equipment or stock loans to cooperatives. Grant: A grant for up to $200,000 for projects that add value to agricultural products and impact rural communities. Grants are intended for pre-business startup expenses such as feasibility studies or business plans

New Generation Cooperative Incentive Tax Credit Program
1999
Tony Stafford
Up to $6 million in tax credits
Members investing in cooperatives involved in processing agricultural products.
State tax credit equal to 50 percent of members investment in eligible new generation cooperative. Maximum tax credit is $15,000. Tax credit can be applied against state income, franchise or banking taxes due; tax credits may be carried back three years and/or forward five years.

Agricultural Product Utilization Contributor Tax Credit Program
1999
Tony Stafford
Up to $6 million in tax credits
Taxpayers

State tax credit equal to up to 100 percent of persons’ contribution to the Missouri Agricultural and Small Business Development Authority. Tax credit can be applied against state income, franchise or banking taxes due. Tax credits may be carried forward five years.

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