The Minnesota Department of Agriculture (MDA) is requesting $20 million in state bonding to fund low interest farmer loans through the Rural Finance Authority (RFA).
MDA commissioner Dave Frederickson says the RFA program was created by the legislature during the 1980’s farm crisis.
“It certainly was a lifeline for those trying to meet the demands of paying off debt in the early 80’s by restructuring outstanding loans. And that continues to be the case today.”
During a conference call Thursday, Frederickson talked about an increase in Minnesota farmers seeking loans through the RFA.
Continue reading MDA seeks $20 million for Rural Finance Authority at Brownfield Ag News.
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