Agri-Business Bonding Program
A tax-exempt program which allows agricultural businesses
involved in manufacturing, including processing, to receive lower
interest rates on loans made by single individuals or financial
institutions or group of individuals and/or financial institutions
(bond purchasers). Borrowers may qualify for financing up to $10
million for any one project. Interest rates determined by bond
purchasers.
Agri-Business Bonding Program Application
Exhibit A to
Note and Bond
(Instructions for Exhibit A: Please complete this form online,
type, or print legibly. This form will become
part of the official Bond Documents provided by the Authority.
Once completed, this form, along with the Loan Data Sheet and
Appraisal (if applicable) must be mailed to the Authority prior to
Closing. Appraisals must have values itemized.)
Beginning Farmer Bond Program
A tax-exempt bond program designed to assist beginning South
Dakota farmers in acquiring agricultural property at lower
interest rates. Enables lenders, individuals, partnerships,
corporations and other entities (bond purchasers) to receive
federally tax-exempt interest with respect to a loan or contract
sale made to beginning farmers. Eligibility requirements: net
worth of $300,000 or less, South Dakota resident; at least 18
years of age; ownership of agricultural land less than
30% of the county median farm size.
Beginning Farmer Loan Program Summary
Beginning Farmer Loan Program Benefits
Beginning Farmer Loan Program Application
Request to Adjust Loan Terms or Conditions Form
Approved BF
Bond Loan/Contract Data Sheet Form
Exhibit A to
Note and Bond
(Instructions for Exhibit A: Please complete this form online,
type, or print legibly. This form will become
part of the official Bond Documents provided by the Authority.
Once completed, this form, along with the Loan Data Sheet and
Appraisal (if applicable) must be mailed to the Authority prior to
Closing. Appraisals must have values itemized.)
Livestock Nutrient Management Program
A tax-exempt bond program to assist financing capital expenditures
associated with the handling and/or processing of byproducts and
livestock nutrients. Interest rates and terms are determined by
the bond purchaser.
Livestock Nutrient Management Program Application
Exhibit A to
Note and Bond
(Instructions for Exhibit A: Please complete this form online,
type, or print legibly. This form will become
part of the official Bond Documents provided by the Authority.
Once completed, this form, along with the Loan Data Sheet and
Appraisal (if applicable) must be mailed to the Authority prior to
Closing. Appraisals must have values itemized.)
Value-Added Agribusiness Relending Program
A direct loan available to businesses for processing or marketing
agricultural commodities. Maximum amount is 50% of total project
cost or $150,000, whichever is less. Low interest rates and term
of no more than 10 years.
Value Added Agribusiness Relending Program Application
Mike Schelske, Executive Director, Value Added
Finance Authority
Cody Richter, Finance Program Specialist
1-800-228-5254 (In State Only) or 605-773-5436
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