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Low Interest Loans Available

Low Interest Loans Available

Low Interest Loans Available

The Goodhue County Soil and Water Conservation District has AgBMP low-interest loans available to farmers, rural landowners and agriculture supply businesses. The purpose of the AgBMP loan program is to encourage best management practices that prevent or reduce water quality problems, whether on a farm, a rural home site, in an un-sewered community or at a lakeside cabin.

The AgBMP loan program provides financing at below-market interest rates. These 3% low-interest loans save you money, making it more economical to implement practices that improve and protect water quality. The lender may also charge customary fees for the loan. A landowner can borrow up to $200,000 in one loan or a variety of loans through the program, with a maximum loan length of ten years.

What does the AgBMP Loan Program Fund?
• Ag waste storage/ manure application equipment
• Conservation tillage equipment
• Erosion control practices
• Variable-rate technology
• Septic system upgrades
• Any other practice that improves water quality

Each year, $10 million is available for loans in Minnesota. The AgBMP loan program is funded by the Minnesota State Legislature, the Minnesota
Public Facilities Authority and the U.S. Environmental Protection Agency and is administered through the Minnesota Department of Agriculture.
No grants are given by this program.

For more information about the AgBMP loan program, visit the Minnesota Department of Agriculture’s new website: www.mda.state.mn.us/agbmploans or call the Goodhue County SWCD at 651-923-5286, extension 3 to apply for a loan.

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