By Blake Jackson
The Kentucky Agricultural Finance Corp. (KAFC) has approved eight agricultural loans totaling $1,483,476 during its latest monthly board meeting, providing financial support for farming operations and veterinary services across the state.
Seven of the approved loans, worth a combined $1,233,476, were issued through the Beginning Farmer Loan Program (BFLP). Funding was awarded to recipients in Breckinridge, Clinton, Madison, McCreary, and Russell counties.
The program helps individuals with farming experience establish, expand, or invest in agricultural operations by offering financing for livestock, farm equipment, agricultural facilities, working capital, farmland purchases, and partnership investments.
In addition, KAFC approved one $250,000 loan through the Large/Food Animal Veterinary Loan Program (LFAVLP) for a recipient in Bourbon County.
This program supports licensed Kentucky veterinarians who provide care for livestock by assisting with the construction, expansion, equipment purchases, or acquisition of practices serving cattle, goats, sheep, swine, and other food-producing animals.
KAFC's loan programs are designed to strengthen Kentucky agriculture by helping beginning farmers grow their businesses and ensuring livestock producers have access to essential veterinary services.
Farmers and veterinarians interested in learning more about participation loans can contact their local lender or Bill McCloskey at Kentucky Office of Agricultural Policy at (502) 382-6093 or email kafc@ky.gov.
Photo Credit: kentucky-agricultural-finance-corporation
Categories: Kentucky, Government & Policy