The RFA may participate on a loan up to 45 percent of the loan principal to a maximum of $400,000. The loan proceeds cannot be used to refinance an existing debt.
The livestock producer works through their local lender. If the lender agrees to make a mortgage loan to the applicant, the lender and applicant will jointly complete an application for RFA participation. The RFA must have a completed Master Participation Agreement with the lender on file. Contact the RFA at (651) 201-6004.
The Livestock Development Team
MDA staff can assist producers as they rebuild livestock barns, upgrade feedlots, or update existing feed or manure storage systems. This assistance will help producers navigate the permitting process at the local and state levels and consider options that result in fewer land use conflicts. MDA staff can also provide guidance to various funding opportunities, appropriate technical and cost-share assistance for feedlot projects and assist in identifying engineering consultants or legal counsel for the project plan.
Contact the Livestock Development Team at (651) 201-6456.
Source: Minnesota Department of Agriculture