Cover photo for Pennsylvania Next Generation Farmer Loan Program

Pennsylvania Next Generation Farmer Loan Program

Pennsylvania Department of Community & Economic Development


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




Details

Financial Instrument

Loan

Maximum Award Amount

$649,000


Updated September 8, 2024

Image Credit: Lumin Osity

This information was gathered from public sources. Ambrook is not responsible for or able to affect the results of any financial programs listed, nor are they responsible for any incorrect information that is listed or is on the hyperlinked external sites. All information is subject to change.

Explore hundreds more programs on Ambrook.