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NC Agricultural Finance Authority

Mission Statement

The North Carolina Agricultural Finance Authority (NCAFA) was established by the North Carolina General Assembly to provide credit to agriculture in local areas where it is not available at reasonable rates and terms. The mission applies to all aspects of agriculture; farming, processing, manufacturing and exporting.

Operating Procedure

Essentially operating as the North Carolina ‘Agricultural Bank’ NCAFA originates, services, and finances loans in the agricultural sector that would otherwise not be made. Using federal guarantees and secondary markets, state funds are leveraged with minimal risk of loss. Agricultural Development Bonds (tax-exempt) are issued for agribusiness firms.

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Periodic Review
24 NCAC 02: N.C. Agricultural Finance Authority

The North Carolina Agricultural Finance Authority has submitted a written request for an extension of time from the Rules Review Commision pursuant to Rule 26 NCAC 05 .0204. The Rules Review Commission will review this request at their next regularly scheduled meeting on Thursday, August 21, 2014 at 10:00 am.

Any person can submit written arguments against this extension request by emailing the arguments to the individual commissioners and Rules Review Commssion staff by 5:00 p.m. Tuesday, August 19, 2014 (pursuant to 26 NCAC 05 .0204(d)).

 

NC Agricultural Finance Authority
Physical Address: 1101 Spring Forest Rd., Suite 150, Raleigh NC, 27615-5843
Mailing Address: PO Box 27908 Raleigh, NC 27611
Phone:919-790-3949FAX:919-790-3954