Applicants must be between 10 and 20 years old at the time of application and the projects must be part of a supervised program. An organization adviser must help plan and oversee the project and it must produce enough income to repay the loan.
This loan program is to help draw interest and participation of youth in the agriculture industry.
Available loans cannot exceed $5,000 and must be used to purchase livestock, equipment and supplies as well as rent or repair equipment needed for the project.
The current interest rate is 3.125 percent fixed over one to seven years depending on the loan.
Farm loan rates starting at 2.99%. Lock in before farm loan rates rise. Contact Farm Plus by clicking here or calling toll free 866-929-5585.