Financing bolsters beef, forage, poultry, and grain farmers across the Commonwealth

FRANKFORT (April 11, 2025) – The Kentucky Agricultural Finance Corp. (KAFC) approved 13 agricultural loans totaling $2,115,250 for projects across the Commonwealth today at its monthly board meeting.

Agricultural Infrastructure Loan Program (AILP)

Five Agricultural Infrastructure loans totaling up to $741,500 were approved. Loan recipients were in Calloway ($94,500), Graves ($250,000 and $250,000), Meade ($72,000), and Washington ($75,000) counties.

KAFC participates with lenders to provide financing to producers making capital expenditures for agricultural projects through the AILP. Eligible projects include permanent farm structures with attached equipment that improves the profitability of farming operations. Producers may be eligible for up to $250,000 not to exceed 50 percent of the project.

Beginning Farmer Loan Program (BFLP)

Eight Beginning Farmer loans totaling up to $1,373,750 were approved. Loan recipients were in Barren ($250,000), Gallatin ($150,000), Grayson ($250,000 and $250,000), Hart ($85,000), Madison ($162,500), Trigg ($120,000), and Washington ($106,250) counties.

The BFLP is designed to assist individuals with some farming experience who desire to develop, expand, or buy into a farming operation. Beginning farmers may qualify for financing to purchase livestock, equipment, or agriculture facilities; to secure permanent working capital; for the purchase of farm real estate; or to invest in a partnership or LLC.

For more information on KAFC participation loans, contact your lender or Bill McCloskey at Kentucky Office of Agricultural Policy at (502) 382-6093 or email kafc@ky.gov.