Financing bolsters beef, forage, poultry, and grain farmers across the Commonwealth

FRANKFORT (March 13, 2026) – The Kentucky Agricultural Finance Corp. (KAFC) approved 16 agricultural loans totaling $2,977,295.25 for projects across the Commonwealth today at its monthly board meeting.

Agricultural Infrastructure Loan Program (AILP)

Four Agricultural Infrastructure loans totaling up to $712,000 were approved. Loan recipients were in Caldwell ($250,000), Grayson ($250,000), McLean ($62,000), and Shelby ($150,000) counties.

KAFC participates with lenders to provide financing to producers making capital expenditures for agricultural projects through the AILP. Eligible projects include permanent farm structures with attached equipment that improves the profitability of farming operations. Producers may be eligible for up to $250,000 not to exceed 50 percent of the project.

Beginning Farmer Loan Program (BFLP)

Ten Beginning Farmer loans totaling up to $1,765,295.25 were approved. Loan recipients were in Anderson ($250,000), Caldwell ($250,000 and $250,000), Hardin ($152,500), Harrison ($161,045.25), Laurel ($158,000), Metcalfe ($62,500), Monroe ($250,000), Rockcastle ($23,750), and Wayne ($207,500) counties.

The BFLP is designed to assist individuals with some farming experience who desire to develop, expand, or buy into a farming operation. Beginning farmers may qualify for financing to purchase livestock, equipment, or agriculture facilities; to secure permanent working capital; for the purchase of farm real estate; or to invest in a partnership or LLC.

Diversification through Entrepreneurship in Agribusiness Program (DEALP)

One Diversification through Entrepreneurship in Agribusiness loan totaling $250,000 was approved for a recipient in Estill County.

DEALP is designed to assist agri-entrepreneurs with the purchase, establishment, or expansion of a business that sells agricultural products or services to farmers or consumers.

Large/Food Animal Veterinary Loan Program (LFAVLP)

One LFAVLP loan totaling $250,000 was approved for a recipient in Rockcastle County.

LFVALP is designed to assist individuals licensed to practice veterinary medicine in Kentucky who desire to construct, expand, equip, or buy into a practice serving large animal producers, including goat, sheep, swine, and other smaller food animals.

For more information on KAFC participation loans, contact your lender or Bill McCloskey at Kentucky Office of Agricultural Policy at (502)382-6093 or email kafc@ky.gov.