In addition to our NIFA Beginning Farmer and Rancher Loan Program, there are other loan programs available in Nebraska.
If you’re a farmer or rancher in Nebraska, NIFA has a program to help you start or scale your agribusiness. The NIFA Beginning Farmer/Rancher Loan Program helps eligible farmers and ranchers access agricultural loans at lower interest rates than those available in the conventional farm credit markets.
The FSA’s primary mission is to help Nebraska farmers and ranchers secure financial assistance from USDA programs through accurate, timely, and efficient program delivery. The FSA makes direct and guaranteed farm ownership and operating loans to family-size farmers and ranchers who cannot obtain commercial credit from a bank, Farm Credit System institution, or another lender. Farmers and ranchers can use FSA loans to purchase land, livestock, equipment, feed, seed, and supplies, as well as to construct buildings or make farm improvements. FSA loans are great for beginning farmers just starting out.
FCSA strongly supports rural America. They are a leading provider for loans and customized lease and risk management products for your business. NIFA backs these products and services with industry-leading tools to help with financial management and decision-making in your operation.
Young & Beginning Loans Program: A program for producers age 35 or younger, or with less than 10 years of experience, that meet our credit approval standards. This program helps get you the capital you need while you strengthen your financial position.
Development Fund Program: This program assists young and beginning producers who have a plan to start, grow or remain in agriculture by providing them with loans for working capital, breeding livestock, and contract-backed finishing facilities. The program also includes business planning assistance, coaching, and education.
NextGen utilizes the Beginning Farmer Tax Credit Act to help new producers get a head start in farming and ranching while giving back to the farmers and ranchers who own agricultural assets. The program offers a refundable tax credit to the owner of agricultural assets who will lease to an eligible beginning farmer for a minimum of three years. The tax credit is equal to 10% of the cash rent or 15% of the value of the sharecrop rent each year for three years. The beginner receives a three-year lease, a personal property tax exemption for farm equipment and machinery, and a tax credit reimbursement for the cost of a financial management course.
The Nebraska Advantage Rural Development Act, administered by the NDR, provides a refundable tax credit. Taxpayers engaged in livestock production who invest at least $50,000 for livestock modernization or expansion can use these credits against sales and use taxes or income tax liability. The amount of the tax credit for livestock production will be 10% of the investment, not to exceed $150,000. There are also benefits available for livestock production activity in eligible areas under the L1 and L2 levels of the program that have increased in both employment and investment.