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Next Generation Farmer Loan Program

Overview

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.

Uses

  • Agricultural land
  • Agricultural improvements
  • Depreciable property

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

Funding

Maximum loan amount of $649,000 with no more than $62,500 being used toward the purchase of used equipment.

Terms

The lender determines the interest rate and the terms of repayment.

How to Apply

Industrial Development Authority

Source : pa.gov

Trending Video

Demco Dual Aguer Grain Carts — Fire Safety Systems, Right or Left-Handed Unload, and More!

Video: Demco Dual Aguer Grain Carts — Fire Safety Systems, Right or Left-Handed Unload, and More!


Demco's dual auger grain cart is designed for unloading efficiency, operator visibility, and safety in the field.

This dual-auger design features both an unload auger and a floor auger for enhanced grain cleanout and consistent flow, and the 22-inch unload auger is capable of moving up to 600 bushels per minute.

Farmers can also choose between right or left-handed unload options—right-handed unload improves visibility from the tractor cab. A new design allows both vertical and horizontal movement for precise grain placement during unloading.

Another key feature is the built-in fire safety system; a 300-gallon onboard water tank with a hose reel that provides field-ready fire suppression capability.

These dual auger grain carts are available in 1100, 1300, 1500, 1700, and 2200 bushel sizes.