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SD
Beginning Farmer Bond Program
Tax-exempt bond program enabling lenders to offer lower interest rates to South Dakota beginning farmers acquiring agricultural property (land, equipment, or livestock) with bonds up to $600,000.
About this program
Visit the program website for full details.
Eligibility
Beginning farmers in South Dakota seeking to acquire agricultural property. Enables lenders and bond purchasers to receive federally tax-exempt interest on qualifying loans to first-generation farmers.
Requirements
- Must be a qualifying beginning farmer in South Dakota
- Bond amounts up to $600,000
- Eligible uses: land, equipment, or livestock purchase