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MISSOURITony Stafford Program/Project Title: Beginning Farmer Loan Program Program Began: 1984 Contact Person: Tony Stafford Target Group: Beginning farmers with a net worth of less than $200,000 and a minimum age requirement of 18 years. Total Loan Volume: $31,454,535 Description: Available to individuals who have no substantial ownership interest in farmland. Items that can be financed include agricultural land, agricultural improvements, depreciable agricultural property such as new and used equipment and breeding stock. Loans can be made up to a maximum of $250,000 with no minimum amount. Program/Project Title: Animal Waste System Loan Program Program Began: 1995 Contact Person: Tony Stafford Total Loan Volume: $10,974,629 Target Group: Independent livestock/poultry producers Description: Loans to finance animal waste treatment systems for independent livestock and poultry producers whose projects have been approved by the Department of Natural Resources. Program/Project Title: Single-Purpose Animal Facilities Loan Guarantee Program Program Began: 1995 Contact Person: Tony Stafford Total Loan Volume: $33,804,399 in guaranteed loans Target Group: Livestock/poultry producers Description: 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 Grant Program Program Began: 1998 Contact Person: Tony Stafford Total Grants Awarded: $11,266,132 in guaranteed loans Target Group: Missouri farmers and agribusinesses Description: This program provides funding for feasibility studies, marketing studies, and business planning for proposed value-added enterprises. The maximum grant is $200,000. Program/Project Title: Missouri Value-Added Loan Guarantee Program Program Began: 1998 Contact Person: Tony Stafford Total Loans Guaranteed: $35,511,429 Target Group: Missouri farmers and agribusiness Description: This program provides a 50 percent first loss guarantee to lenders making loans for value added agricultural projects including loans for land, building, equipment, or stock loans for membership in value-added processing entities. Program/Project Title: New Generation Cooperative Incentive Tax Credit Program Program Began: 1999 Contact Person: Tony Stafford Total Tax Credits Issued: $34,122,210 Target Group: At-risk producer members investing in new generation processing entities. Description: This program provides a state tax credit equal to 50 percent of members investment in eligible new generation processing entity. Maximum tax credit is $15,000. Program/Project Title: Agricultural Product Utilization Contributor Tax Credit Program Program Began: 1999 Contact Person: Tony Stafford Tax Credits Sold: $12,119,048 in tax credits Target Group: Missouri Taxpayers Description: This program provides a state tax credit equal to up to 100 percent of persons’ contribution to the Missouri Agricultural and Small Business Development Authority. Program/Project Title: Family Farm Breeding Livestock Loan Program Program Began: 2006 Contact Person: Tony Stafford Tax Credits Authorized: $300,000 annually Target Group: Missouri’s small farmers Description: This program provides a Missouri tax credit to lenders in lieu of the first year interest being paid on breeding livestock loans made to small farmers with less than $250,000 in gross agricultural products sales per year. Program/Project Title: Qualified Beef Tax Credit Program Program Began: 2007 Contact Person: Tony Stafford Tax Credits Authorized: $3,000,000 annually Target Group: Missouri beef producers Description: This program provides for a $.10 per pound tax credit to beef producers who put on an additional 200 lbs. per head in Missouri over an established baseline weight. Program/Project Title: Eligible Facility Borrower Program Program Began: 2003 Contact Person: Tony Stafford Total Loans Approved: $53,767,800 Target Group: Renewable fuel production facilities or product development facilities. Description: This program provides for the approval and qualification for facility borrowers under the BIG MISSOURI linked deposit program. Program/Project Title: Alternative Loan Program Program Began: 1989 Contact Person: Tony Stafford Loan Volume: $20,000 up to 5 years Target Group: Agricultural producers Description: Financing the production, processing and marketing needs of an alternative agricultural enterprise. An alternative project is doing something different from what traditional rural operations are currently doing. Program/Project Title: Livestock Feed and Crop Input Loan Guarantee Program Program Began: 2008 Contact Person: Tony Stafford Total Loan Volume: New program effective August 2008 Target Group: Livestock and crop producers Description: This program provides a 50 percent first loss guarantee to lenders making loans for livestock feed and crop inputs. Program/Project Title: Dairy Female Replacement Loan Program Program Began: 2008 Contact Person: Tony Stafford Total Loan Volume: New program effective August 2008 Target Group: Dairy producers Description: This program provides that MASBDA will pay the first year’s interest on loan for the purchase of dairy cows and replacement heifers. Program/Project Title: Dairy Planning Grant Program Program Began: 2008 Contact Person: Tony Stafford Total Loan Volume: New program Target Group: Dairy producers Description: This program provides grants of $5,000 for the purpose of dairy business planning for new expanding dairies.
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