Aid bolsters beef, poultry beginning farmers across the commonwealth

FRANKFORT (Oct. 15, 2021) – The Kentucky Agricultural Finance Corporation (KAFC) approved $984,625 for six agricultural loans for projects across the commonwealth at its monthly board meeting.

Beginning Farmer Loan Program (BFLP)

Beginning Farmer loans totaling $984,625 were approved for recipients in Barren ($250,000), Bourbon ($50,000), Boyle ($54,625), Grant ($250,000), Mercer ($130,000), and Monroe ($250,000) counties. 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.

For more information on the programs offered by the KAFC, contact Ali Hulett, loan programs manager, at 502-782-1760 or email kafc@ky.gov.