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Series I Farm Real Estate Loans
Target Group: Farmers having difficulty qualifying for conventional loans.
Description: Loans can be used to purchase real estate (land, buildings, improvements); up to 15-year term for as much as 95 percent of appraised value; interest rate is prime plus 1.75 percent variable; North Carolina Agricultural Finance Authority (NCAFA) must be able to obtain FSA guarantee on loan; NCAFA is lender and services loan.


Series II Beginning Farmer Loan Program
Target Group: Young farmers beginning land ownership.
Description: NCAFA loans 60 percent of need to farmers who obtain 30 percent from FSA's down-payments loan program; farmer makes 10 percent down payment; interest rate is prime plus 3/4 percent variable.


Series III "Ag Start" Beginning Farmer Loans
Target Group: Beginning farmers.
Description: Joint farm real estate lending program with Farm Credit Services (North Carolina) NCAFA makes 50 percent of loan with FSA guarantee subordinated to FCS loan.


Facilities Disaster Loans
Target Group: Farmers sustaining damage to farm buildings and structures due to natural disasters.
Description: NCAFA makes low interest loans to repair farm buildings and structures. State appropriation.


Agribusiness Loans
Target Group: Agribusinesses that are providing value added processing or support for other facets of agriculture.
Description: Loans typically have a loan guarantee provided by Rural Development, USDA.


Tax-Exempt Agricultural Development Bonds
Target Group: All agribusiness.
Description: Acting as conduit issuer for agribusiness processing, Ag related manufacturing or Ag waste disposal, in order to facilitate lower (tax exempt) interest rates. NCAFA has statewide bond authority.




NC Agricultural Finance Authority
Address: 1101 Spring Forest Rd., Suite 150, Raleigh NC, 27615-5843
Phone:919-664-1740  FAX:919-790-3954

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