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Beginning Farmer/Rancher Loan Program – Nebraska Investment Finance Authority (NIFA)

The NIFA Beginning Farmer/Rancher Program assists farmers and ranchers to obtain agricultural loans at interest rates generally lower than the conventional farm credit markets.

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The NIFA Beginning Farmer and Rancher Program assists farmers and ranchers to obtain agricultural loans at interest rates generally lower than those available in the conventional farm credit markets. This is accomplished by the issuance of a bond by NIFA, the interest on which is exempt from federal and Nebraska state income tax. The lender then sets the rate of interest on the farm loan to reflect the tax-exempt rate on the bond.

To be eligible, the farmer or rancher must meet certain program specified requirements, including limitations relating to net worth and previous land ownership. Loans may be for the purchase of agricultural land, permanent improvements to agricultural land, equipment or machinery, and breeding livestock.