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News Brief

March 8, 2023Jefferson City, Mo. |  By: Jeremy Werner

MASBDA is now accepting applications for two programs

agriculture

JEFFERSON CITY, Mo. - The Missouri Agricultural and Small Business Development Authority is now accepting applications for two programs that can be used to reduce the amount of interest paid on qualifying loans.

Both programs now have expanded loan limits that allow more producers to qualify. The Beginning Farmer Loan Program enables local lenders to receive federally tax-exempt interest on loans made to beginning farmers.

The Family Farm Breeding Livestock Tax Credit program is a tax credit to a lender who waives the first year’s interest on a breeding livestock loan to a small farmer.

Applications for both programs are submitted by the lender and may be found at masbda.com.