* Farm ownership loans may be used for the purchase and/or improvement of farmland and buildings.
Individuals, partnerships, joint operations, corporations, and cooperatives primarily and directly engaged in family-size farming operations may apply.
Family-sized farming operations may apply. A family-sized operation is considered to be one that a family can operate and manage itself.
Repayment terms for direct operating loans depend on the collateral securing the loan and usually run from one to seven years. Repayment terms on direct ownership loans are up to 40 years. Guaranteed loan terms (made through commercial lenders, i.e. banks) are set by the lender.
Current interest rates are:
* Operating Loans: 5.5 percent
* Farm Ownership Loans: 5.75 percent
* Emergency Loans: 3.75 percent
Applications for all FSA direct loan programs are made through the local FSA County office. Guaranteed loan applications are processed by the participating lender. For information on participating lenders, call the local FSA County Office at (859) 236-4062, ext.2
Boyle County Conservation District
The Boyle County Conservation District is offering cost-share assistance for the construction of feed pads (heavy-use areas). The pads are constructed by using geo-textile fabric and rock to help control muddy conditions during winter feeding.
The cost-share will be 50 percent up to $800. Applicants who are approved will have until June 30, 2007 to complete the practice; no extensions will be granted.
Sign-up will be through July 21, at the Boyle County Conservation District office on the bypass. For more information, call (859) 238-7461, ext. 3.
