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The Agricultural and business Development Authority administers a system that allows loan providers to receive federally tax-exempt interest on loans built to starting farmers.


The income tax cost cost savings are offered to farmers that are beginning the type of reduced rates of interest. an experienced debtor can borrow as much as $552,500 to get:

  • agricultural land
  • farm structures
  • farm equipment
  • and livestock that is breeding

The utmost loan is $552,500. With this quantity, depreciable agricultural home may well not meet or exceed $250,000, with a limitation of $62,500 for utilized property that is depreciable. More…