Agricultural Best Managment Practices Loan Program
The Agricultural Best Managment Practices Loan Program is a water quality program that provides low interest loans to Minnesota farmers, rural landowners and agriculture supply businesses. Eligible activities include:
- Feedlot improvements
- Upgrading manure storage basins
- Improved manure handling equipment
- Conservation practices
- Conservation tillage equipment
- Upgrading of failing sewage treatment systems
- Well Relocation and Sealing
Loan amounts are limited to $200,000 to any one individual or project and borrowers may have multiple outstanding loans. The maximum interest rate is 3 percent plus other normal and customary charges and the maximum loan term length is 10 years. The Ag BMP program is open year-round, however, available funding is limited, so interested parties are encouraged to contact Kandiyohi SWCD if they are interested in acquiring a low interest loan for their water quality improvement project.
For more information www.mda.state.mn.us/agbmploans