Minnesota Statutes 41B.039 – Beginning Farmer Program
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Subdivision 1.Establishment.
The authority may establish, develop criteria, and implement a beginning farmer program.
Subd. 2.State participation.
Terms Used In Minnesota Statutes 41B.039
- state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44
Terms Used In Minnesota Statutes 41B.039
- state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44
The state may participate in a new real estate loan with an eligible lender to a beginning farmer to the extent of 45 percent of the principal amount of the loan or $400,000, whichever is less. The interest rates and repayment terms of the authority’s participation interest may be different than the interest rates and repayment terms of the lender’s retained portion of the loan.
Subd. 3.
[Repealed, 1989 c 273 s 8]
Subd. 4.
[Repealed, 1989 c 273 s 8]
Subd. 5.
[Repealed, 1989 c 273 s 8]