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Pennsylvania Next Generation Farmer Loan Program
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.
Eligibility
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
Terms
The lender determines the interest rate and the terms of repayment.
Application Instructions
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Details
Financial Instrument
Loan
Maximum Award Amount
$649,000
Updated September 8, 2024
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