Programs
| 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. |
