NEBRASKA

Dudley Beyer
Nebraska Investment Finance Authority
200 Commerce Ct
1230 “O” St
Lincoln, NE 68508-1402
Telephone: 1-800-204-NIFA or (402) 434-3900 FAX: (402) 434-3921
E-mail: dudley.beyer@nifa.org
Website: www.nifa.org
Organization Began: 1982

Program/Project Title: IDB-Based Agricultural Loan Program (Aggie Bonds)
Program Began: 1982
Contact Person: Dudley Beyer
Target Group: Beginning Farmers and Ranchers
Description: Eligibility requirements, other than net worth, are defined by federal tax law. Loans can be used to purchase agricultural land, permanent land improvements, or depreciable personal property (including breeding livestock). The total amount of loans to finance farm land, together with any portion of the loans allocated to financing depreciable property, may not exceed $470,100. Of this amount, no more than $250,000 may be used to finance any depreciable property and no more than $62,500 of such amount may be used to finance used depreciable property or breeding stock. Borrower current net worth cannot be in excess of $500,000 and they cannot have owned (either currently or in the past) farm land which is/was greater than 30 percent of the median size of farms for that county in which the parcel is/was located.

Program/Project Title: [Governor’s] Agricultural Excellence Awards
Program Began: 1997
Contact Person: Dudley Beyer
Cost/Funding: $50,000 each year
Target Group: 4-H Club and FFA Chapter members
Description: NIFA-sponsored awards given in the name of and co-presented with the Governor of Nebraska. The awards are to allow 4-H and FFA members to explore careers in agriculture by strengthening their educational programs which emphasize agricultural and life skills, and also for strengthening the image of agriculture in local communities. $25,000 is given to the top 4-H Clubs and $25,000 is given to the top FFA Chapters, which compete for the award. It is stressed that the award is funded by NIFA discretionary funds and no tax dollars are used.

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