Spacer
NIFA - Nebraska Investment Finance Authority
Programs

Programs
Spacer
HomeCustomers and PartnersProgramsNewsEventsAbout NIFAContact Us
Spacer
Spacer
Spacer
Spacer
Programs
Description
FAQs
News
Events

Related Information
Bullet
Purpose of the Program
Bullet
Eligible Borrowers
Bullet
Eligible Agricultural Projects
Bullet
Loan Amounts & Terms
Bullet
Fees
Bullet
Application & Financing Process
Bullet
Previous Ownership Table
Bullet
Application Forms





Spacer

Beginning Farmer/Rancher
Program Description

Are you a farmer or rancher in need of financing, or a lender with a customer interested in obtaining a loan for agricultural purposes? Do the following conditions apply?

  • The loan proceeds will be used for land or depreciable property used for an agricultural purpose in Nebraska.


  • The borrower can identify his/her own lender willing to participate in the program.


  • The borrower's net worth is less than $500,000.


  • The borrower has not owned "substantial farmland" (see definition on Eligible Borrowers page)


  • The borrower will materially and substantially participate in the agricultural operation.


  • The loan proceeds will go solely to the benefit of the individual borrower (not a partnership or corporation).

If so, the loan may qualify for NIFA's Beginning Farmer/Rancher Program. This program has assisted Nebraska farmers and ranchers in obtaining low interest agricultural loans since 1981.

Start-up strategies for beginning farmers as outlined in Cornhusker Economics is an interesting article highlighting issues for the first-time farmer or rancher to consider.

NIFA Contact:
Dudley Beyer



Spacer
Search Site | Site Directory
Disclaimer  |   Privacy Policy  |   Copyright © NIFA
Nebraska Investment Finance Authority
200 Commerce CourtBullet1230 'O' StreetBulletLincoln, NE 68508
Phone: 402-434-3900Bullet800-204-NIFA (6432)
Fax: 402-434-3921BulletE-mail: info@nifa.org