The AgBMP Loan Program is a water quality program that provides low interest loans to farmers, rural landowners, and agriculture supply businesses. The purpose is to encourage agricultural best management practices that prevent or reduce runoff from feedlots, farm fields and other pollution problems identified by the county in local water plans.
Eligible projects
Projects include feedlot improvements, manure storage basins, spreading equipment, terraces, grass waterways, conservation tillage equipment, and other agricultural best management practices (BMP's) that reduce or treat runoff from farm yards and fields. BMP's that receive cost share funding and projects needed to comply with water related rules or laws are eligible.
Conservation tillage equipment
Manure Management
Feedlot Improvement
No-till Planting Equipment
Private Septic System
Cluster Septic System
To apply for a loan
Potential borrowers should contact the SWCD for available funds and information regarding the AgBMP Program. Below is the AgBMP Worksheet and the AgBMP Loan Application Form that will need to be filled out prior to being accepted into the program.
Loan Terms
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Loan amounts are limited to $200,000 to any one individual or project.
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Borrowers may have multiple outstanding loans. However, the aggregate sum of all Ag BMP loans may not exceed the $200,000 principal balance maximum.
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Example fees include: insurance, mortgage handling, filing, default and delinquency, and yearly maintenance fees.
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Maximum loan term length is 10 years.
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The maximum interest rate is 3 percent plus other normal and customary charges.
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The frequency and number of payments are flexible and are negotiated with the lender.
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The county and local lender may set additional terms and requirements for eligibility of projects.