MONTANA

Lee Boyer, Rural Development Bureau Chief
Montana Department of Agriculture
PO Box 200201
Helena, MT 59620-0201
Telephone: (406) 444-2402 FAX: (406) 444-9442
Email: lboyer@mt.gov
Website: www.agr.mt.gov
Organization Began: 1925

Program/Project Title: FSA Subordination Loan Program
Contact Person: Walt Anseth
Cost/Funding: Rural Rehabilitation Funds (self perpetuating)
Target Group: FSA Borrowers
Description: Provide annual operating funds for current FSA borrowers; maximum loan can be 60 percent of collateral value with a maximum of $90,000 for one year.

Program/Project Title: Rural Assistance Loan Program
Contact Person: Walt Anseth
Cost/Funding: Rural Rehabilitation Funds
Target Group: Small or beginning agricultural producers
Description: Can loan 80 percent of collateral value with maximum loan of $35,000. Loans may be used for operating expenses, livestock purchases, capital expenditures and real estate. The term is 1, 7 or 10 years. The total assets cannot exceed $350,000 and net worth cannot exceed $100,000.

Program/Project Title: Junior Agriculture Loan Program
Program Began: 1972
Contact Person: Walt Anseth
Cost/Funding: Rural Rehabilitation Funds
Target Group: 4-H & FFA youth
Description: Loan 90 percent of first year costs up to $8,500 with a five year maximum term.

Program/Project Title: Beginning Farm/Ranch Loan Program
Program Began: 2002
Contact Person: Lee Boyer
Cost/Funding: Aggie Bonds
Target Group: Beginning farmers and ranchers
Description: A tax-exempt bond program designed to aid financial institutions in assisting beginning farmers/ranchers to purchase agricultural land, improvements, or depreciable agricultural property.

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