Kentucky Agricultural Finance Corporation

Programs

[Updated: 3/5/2013]

The Kentucky Agricultural Finance Corporation (KAFC) is working to develop and market new loan opportunities to producers to purchase their first farm or provide access to capital for an existing operation. The following capital access programs are available to producers and processors in Kentucky:

Participation Loan Programs

• Agricultural Infrastructure Loan Program (AILP)
  Through AILP producers can qualify for funds to finance buildings or structures with attached equipment for agricultural uses only.
  Guidelines (.pdf, 132 KB)
  Application (.doc, 170 KB) :: Co-Applicant Addendum (.doc, 133 KB)
   
• Beginning Farmer Loan Program (BFLP)
  Beginning Farmers can qualify for financing to purchase livestock, equipment, agricultural facilities, permanent working capital, real estate or invest in a partnership or LLC.
  Guidelines (.pdf, 132 KB)
  Application (.doc, 170 KB) :: Co-Applicant Addendum (.doc, 133 KB)
   
• Diversification through Entrepreneurship in Agribusiness Loan (DEAL) Program
  DEAL is designed to assist individuals who are attempting to diversify their farming operations through non-traditional agricultural production or services. Beginning agri-entrepreneurs may qualify for financing for equipment purchases, facilities, permanent working capital, real estate, investment into an existing agribusiness or other investments at the discretion of the KAFC board.
  Guidelines (.pdf, 142 KB)
  Application (.doc, 192 KB) :: Co-Applicant Addendum (.doc, 133 KB)
   
• Large Animal Veterinary Loan Program (Vet)
  The Vet Loan program is designed to assist individuals licensed to practice veterinary medicine in Kentucky who desire to construct, expand, equip or buy into a practice serving large animal producers, including goat, sheep, swine, and other smaller food animals.
  Guidelines (.pdf, 148 KB)
  Application (.doc, 169KB) :: Co-Applicant Addendum (.doc, 133 KB)
   
• New Agriculture Enterprise Loan Program (NAEL)
  The NAEL program is designed to provide loans for Kentucky farming operations as they enter into a new agriculture enterprise to supply market opportunity created by an Agribusiness expansion.
  Guidelines (.pdf, 117 KB)
  Application (.doc, 161 KB) :: Co-Applicant Addendum (.doc, 133 KB)

Participation / Direct Loan Programs

• Agricultural Processing Loan Program (APLP)
  APLP is designed to provide loan opportunities to companies and individuals in Kentucky interested in agricultural processing.
  Guidelines (.pdf, 138 KB)
  Application: Project < $1M (.doc, 178KB)
  Application: Project > $1M (.doc, 155KB) :: Co-Applicant Addendum (.doc, 133 KB)
   
• Coordinated Value-Added Assistance Loan Program (CVALP)
  CVALP is designed to provide loan opportunities to companies and individuals in Kentucky who create contract production opportunities for other agricultural producers.
  Guidelines (.pdf, 139 KB)
  Application: Project < $1M (.doc, 178KB)
  Application: Project > $1M (.doc, 155KB) :: Co-Applicant Addendum (.doc, 133 KB)

For more information regarding capital access programs offered by the Kentucky Agricultural Finance Corporation, contact Bill McCloskey, Director of Financial Services, or Cyndi Hall, Financial Records Specialist at: