Contact Us

South Dakota Agriculture Department Helps Beginning Farmers

A farmer harvests wheat
Sean Gallup/Getty Images

PIERRE – The South Dakota Agriculture Department says it can help beginning farmers buy land at lower interest rates through a bond program.

The Beginning Farmer Bond program works through a local bank to finance a land purchase. The bond program allows a lender to get tax-exempt interest for a loan or contract sale, and that lowers the interest rate paid by a beginning farmer.

To take part in the program, a beginning farmer must be a South Dakota resident at least 18 years old and have a net worth of less than $400,000. The maximum amount of a beginning farmer bond is $501,100 for calendar year 2013.

The South Dakota Agriculture Department administers the program through the Value-Added Finance Authority board, which reviews applications and issues bonds for approved projects.

Fourth And Fifth Graders Celebrate Agriculture In South Dakota

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

More Local News

Latest Country Music News

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://kxrb.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on 1000 KXRB - Classic Country quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here.

Register on 1000 KXRB - Classic Country quickly by logging in with your Facebook account. It's just as secure, and no password to remember!