Obtaining enough capital to pursue a career in production agriculture can be challenging. But if it's your dream to own and manage your own crop or livestock operation, the Iowa Agricultural Development Division may be able to lend a helping hand. It administers Iowa's Beginning Farmer Loan Program.
The IADD is a state agency that is part of the Iowa Finance Authority. The IADD was established by the Iowa General Assembly in 1980 to provide financial assistance to Iowa's grain and livestock producers. Operating expenses for the IADD are derived from modest application and service fees paid by program participants. The IADD also earns interest from a trust fund, but it does not receive any state tax dollars.
The Beginning Farmer program of the Iowa Agricultural Development Division of the Iowa Finance Authority is holding more than 20 workshops statewide in May and June. Agricultural service providers, CPAs, ag attorneys, ag lenders, farm managers, ISU Extension staff, Farm Bureau staff and FSA officers are encouraged to attend.
The 60-minute presentation will cover:
Benefits of the Beginning Farmer Loan Program for beginning farmers
Tax benefits for farmers interested in hiring or leasing land to a beginning farmer
Eligibility requirements for participants and programs
Timeline and process to apply
Program summaries, applications and other detailed information
Issues frequently faced by beginning farmers and farmers desiring to transition out of farming, and how both can benefit from these programs
The remaining locations for the workshops are scheduled for:
May 13-Ag Development Workshop, Mason City
May 13-Ag Development Workshop, Calmar
May 14-Ag Development Workshop, Cedar Falls
May 14-Ag Development Workshop, Manchester
May 15-Ag Development Workshop, Maquoketa
June 10-Ag Development Workshop, Creston
June 10-Ag Development Workshop, Chariton
June 11-Ag Development Workshop, Ottumwa, tbd
June 11-Ag Development Workshop, Mt Pleasant
June 12-Ag Development Workshop, Muscatine
June 12-Ag Development Workshop, Bettendorf, tbd
June 13-Ag Development Workshop, Cedar Rapids
June 19-Ag Development Workshop, West Des Moines
June 19-Ag Development Workshop, Ankeny
You are encouraged to pre-register today for a free, regional workshop coming to your local area. Registration is available on the IADD website.
Don't see a workshop in your area? Check back often as workshops are being scheduled daily. For questions, or to request a training, please contact Emily Toribio [email protected], 515-725-4886. For specific program questions, please contact Steve Ferguson[email protected], 515-494-4979.
These workshops are a collaborative effort of the Iowa Agricultural Development Division of the Iowa Finance Authority, Iowa Society of Certified Public Accountants, Iowa State Bar Association, Iowa Farm Managers and Rural Appraisers, Iowa State University Extension, Iowa Farm Bureau and the USDA Farm Service Agency.