Minn. R. agency 109, ch. 1656, VALUE-ADDED AGRICULTURAL PRODUCT LOAN PROGRAM, pt. 1656.0011

Current through Register Vol. 49, No. 25, December 16, 2024
Part 1656.0011 - APPLICABILITY AND PURPOSE
Subpart 1.Applicability.

This chapter establishes the criteria and procedures to be used by the RFA in the administration of the value-added agricultural product loan program authorized by Minnesota Statutes, section 41B.046.

Subp. 2.Purpose.

The purpose of the value-added agricultural product loan program is to foster and maintain a diverse agricultural industry that is economically profitable by providing affordable credit to help farmers finance the purchase of stock in a cooperative proposing to directly or indirectly build or purchase and operate an agricultural product processing facility, located in Minnesota.

Minn. R. agency 109, ch. 1656, VALUE-ADDED AGRICULTURAL PRODUCT LOAN PROGRAM, pt. 1656.0011

20 SR 2290(NO. 43); 30 SR 372

Statutory Authority: MS s 41B.046; 41B.07; 41C.13