Cover photo for Missouri Agricultural and Energy Saving Team

Missouri Agricultural and Energy Saving Team

Missouri Department of Agriculture


MAESTRO offers tools and incentives for farmers to improve energy efficiency on livestock farms.

The Loan Loss Reserve Program encourages lenders to finance the energy efficiency improvements on both the farm and home.


Enterprises


Eligibility

  • Animal agriculture farmers not required to be permitted as a confined animal feeding operation (CAFO),

  • Applicant must be a legal resident and at least 18 years old,

  • Applicant must be able to provide proof of citizenship or immigration status, identity and residence. If the borrower employs laborers, he/she must also provide proof of enrollment and participation in the federal work authorization program.

  • An eligible lender is any state or national bank, farm credit system, bank for cooperatives, federal or state chartered savings and loan association, federal or state building and loan association, or small business investment company all of which must be subject to credit examination by an agency of the state or federal government,

  • Eligibility will not be determined or otherwise affected by any consideration of race, religion, sex, creed, color, or residence, other than the individual borrower must be a legal Missouri resident at least 18 years of age, and the farm and/or farm house must be located in Missouri.


Terms

Records: MASBDA reserves the right to ask for additional information necessary to ensure program eligibility.

Audit: MASBDA reserves the right to audit approved loans to ensure compliance with program requirements.


Application Instructions

To apply, fill out the Loan Loss Reserve Application and submit to:

Missouri Agricultural and Small Business Development Authority

P.O. Box 630

Jefferson City, MO 65102-0630

Telephone: (573) 751-2129

Fax: (573) 522-2416

E-mail: masbda@mda.mo.gov




Details

Financial Instrument

Loan

Maximum Award Amount

$10,000


Updated August 31, 2024

Image Credit: U.S. Department of Agriculture

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