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The Agricultural and small company developing Authority administers a system that allows lenders to get interest that is federally tax-exempt loans designed to starting farmers.

Description

The taxation cost savings are offered to starting farmers in the form of reduced interest levels. a professional debtor can borrow as much as $552,500 to get:

  • agricultural land
  • farm structures
  • farm gear
  • and breeding livestock

The most loan is $552,500. Of the quantity, depreciable agricultural property may well not go beyond $250,000, with a restriction of $62,500 for used depreciable home.

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