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Next Generation Farmer Loan Program
Pennsylvania Department of Community & Economic Development
Who can apply
Permanent Pennsylvania resident who are at least 18 at the time of the loan application Must meet lender’s credit standards Access to adequate working capital, farm equipment, etc. Borrower must not have had any prior ownership of a substantial portion of land
About this opportunity
The Next Generation Farmer Loan Program uses federal tax-exempt financing to reduce a farmer’s interest rate for capital purchases, such as the purchase of farm land or agricultural machinery and equipment. Maximum loan amount of $682,000 with no more than $62,500 being used toward the purchase of used equipment. The lender determines the interest rate and the terms of repayment.
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