Crop and Livestock Loan Guaranty Program
This program provides financial benefits to Missouri youth who undertake crop or livestock production projects. Program benefits are available for 4-H and FFA members wishing to secure a loan through the loan guarantee program. Participants must apply for a loan through a bank, savings and loan association, the Farm Credit System or other eligible lender.
The Missouri Department of Agriculture will guarantee 50 percent of a loan up to $3,000 made to a 4-H or FFA member to finance a supervised project for a period of two years.
Loans eligible for the program are limited to the purchase of livestock, feed, seed, fertilizer, herbicides, insecticides, fuel, and other miscellaneous out-of-pocket expenses directly related to the project. Up to 25 percent of the loan may be used to purchase livestock equipment necessary for the successful completion of the project. Examples: feeders, waterers, head gates, farrowing crates, etc.
Loan Requirements
Applicant must:
- be an active member of 4-H or FFA.
- be enrolled in a livestock or field crop project and successfully complete the project.
- have parental consent.
- have 4-H leader or FFA advisor approval and assistance.
- meet lender requirements on repayment of the loan.
Please Note: If the applicant is 18 years of age or older, Certification of Citizenship/Immigration will be required from the applicant.
Prior to a loan loss payment being made the lender shall provide proof of compliance (copy of MOU) with the federal work authorization program (E-verify).
Please contact MASBDA at (573) 751-2129 or masbda@mda.mo.gov for further information.
Fees
A non-refundable fee of $25 must accompany the application.