OKLAHOMA   Terry Peach, Commissioner Oklahoma Department of Agriculture, Food & Forestry P.O. Box 528804 Oklahoma City, OK 73152 Telephone: (405) 522-5719 FAX: (405) 522-0909 E-mail Address: terry.peach@oda.state.ok.us Program/Project Title: Agriculture Linked Deposit Program Contact Person: Sherian Kerlin -- (405) 522-6860 Target Group: “At risk” and “alternative enterprise” borrowers Description: Joint program with the State Treasurer’s Program; the Treasurer’s Office invests funds in financial institutions at 300 basis points under market rates. The institution then lends funds to qualified borrowers, resulting in rates reduced by 300 to 500 basis points. Program/Project Title: Beginning Farmer Loan Program Contact Person: John Harris – (405) 842-1145 Target Group: Beginning farmers with a net worth of less than $200,000. Description: Available to individuals who have had 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. Loans can be made for this program with lenders or contract-for-deed sellers.   Choose another state ...

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