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Beginning and Expanding Farmer Loan Program (Aggie Bond)
Below-market interest rate loans for beginning and expanding Oregon farmers to finance capital purchases including farmland, farm buildings, and equipment by allowing lenders to exclude interest from gross income under federal tax law.
About this program
Visit the program website for full details.
Eligibility
Beginning and expanding Oregon farmers seeking financing for agricultural land, agricultural improvements, and depreciable agricultural property. Financing of new depreciable property up to $250,000; used depreciable property up to $62,500; farmland up to $509,600.
Requirements
- Must be a beginning or expanding farmer in Oregon
- Must obtain financing through an eligible lender (e.g., commercial bank, Farm Credit)
- Non-refundable application fee of $250