New MDA grant program for farm downpayment assistance
UNIVERSITY OF MINNESOTA EXTENSION - www.extension.umn.edu
Minnesota Department of Agriculture’s Rural Finance Authority (RFA) is offering matching funds up to $15,000 for qualified farmers to purchase their first farm. Funding will be available using a first-come, first-served application process.
Who is eligible?
- Individual (LLCs, partnerships, non-profits, and other businesses not eligible)
- Minnesota resident
- Earn less than $250,000 annually in gross agricultural sales
- First time owning farmland
- Will provide the majority of labor and management on the farm
- Will farm the land for at least 5 years
You can learn more about the program on MDA's website.
MDA is also hosting two informational webinars. Interpretation will be available in Spanish, Hmong, and Somali. RFA is happy to provide additional interpretation if requested one week before each webinar. Please send requests and other questions to RFA.loan@state.mn.us or 651-201-6316
Tuesday, December 6, 2-3 p.m.
Join Zoom Meeting: https://us02web.zoom.us/j/81317919423
Meeting ID: 813 1791 9423
Call in: 312-626-6799
Thursday, December 15, 6-7 p.m.
Join Zoom Meeting: https://us02web.zoom.us/j/87285332002
Meeting ID: 872 8533 2002
Call in: 312-626-6799
