Next Generation Farmer Loan Program

Dec 10, 2024

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

Video: Learning to Wrench From Dad the Hard Way

Harvest is a week out and the farm picked this week to fall apart. The truck needs a battery, the barn curtain's got a problem, and the corn and beans are telling us we're out of time to get it all fixed.

So it's a full day of wrenching. Tork supervises while I get the truck back running, then we're out at the hog barn where one rusted up part has the whole curtain system hung up. Ladder work, cable work, and a little dad-and-son disagreement about the right way to do it. We close it out walking the fields, shelling beans and checking corn, because whether everything's fixed or not, harvest starts when harvest starts.

Chapters: 00:00 Everything breaks the week before harvest 01:00 Tork supervises while I fix the truck 12:30 Out to the barn to find the curtain problem 14:30 One rusty part hung up the whole curtain 20:00 Running the curtain cable from the ladder 24:00 Walking the beans and corn before harvest 26:30 Wrapping up

We're a 6th generation family farm in southeast Iowa showing the real ups and downs of pig farming and row crop farming. No script, just the work. Subscribe and follow along.

JOIN THE BARN TALK NEWSLETTER AND GET LIVE EVENT ACCESS: We're on a mission to hit 10,000 subscribers, and when we do, we're hosting a live event at the barn. Sign up for exclusive access to tickets and details.