UTAH   Dick Sandberg Utah Department of Agriculture and Food 350 North Redwood Road, P.O. Box 146500 Salt Lake City, UT 84114-6500 Telephone: (801) 538-7030 FAX (801) 538-4940 Website: www.ag.utah.gov E-mail Address: Rsandberg@utah.gov Program/Project Title: Agriculture Resource Development Loan Program (ARDL) Program Began: 1976 Contact Person: Dick Sandberg and Rich Leyba Total Assets: $29 million Target Group: Farmers and ranchers Description: Low-interest loans are provided to farmers and ranchers for projects that meet the program’s conservation and pollution control goals. Examples of eligible projects include animal waste management, water usage management (irrigation systems), rangeland improvement, on farm energy projects and wind erosion control. Borrowers are charged 3 percent interest with a one time 4 percent administration fee, and loans have a maximum term of 12 years. The program now has assets totaling more than $28 million. Administration of the program is assisted by the local soil conservation districts and technical service is provided by the Natural Resources Conservation Service as well as other conservation partners. Program/Project Title: Rural Rehabilitation Loan Program Program Began: 1937 Contact Person: Dick Sandberg Cost/Funding: Rural Rehab Programs total $10 million; Revolving loan fund Target Group: Farmers and ranchers Description: Low interest loans to farmers and ranchers; borrowers must not be able to receive conventional financing. Examples of eligible applications are beginning farmers and ranchers, upgrade of operations, and aid to distressed farmers. The program is funded by both State and Federal funds and now has total assets of more than $8.7 million. Many of the loans are made jointly with the Farm Service Agency in their Beginning Farmer program. Loans are generally real estate secured and priced at 5 percent interest. Maximum term is 10 years, however, most are amortized at 20 years. Maximum loan size is $250,000.   Choose another state ...

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