Kentucky Agricultural Finance Corporation approves $3,203,498 in loans
14 Jul 2023
News
FRANKFORT, Ky. — At its monthly board meeting, the Kentucky Agricultural Finance Corporation (KAFC) approved $3,203,498 for 18 agricultural loans for projects across the Commonwealth.
Agricultural Infrastructure Loan Program (AILP)
Three Agricultural Infrastructure loans totaling up to $528,000 were approved. Loan recipients were in Mercer ($28,000) and Trigg ($250,000 and $250,000) counties. KAFC participates with lenders to finance producers’ capital expenditures for agricultural projects through the AILP. Eligible projects include permanent farm structures with attached equipment that improves the profitability of farming operations. Producers may be eligible for up to $250,000, not exceeding 50 percent of the project.
More Topics
Gov. Beshear: Kentucky Earns Back-to-Back Gold Shovel Awards for New Business and Job Growth
Jul 13 2023FRANKFORT, Ky. (July 13, 2023) – Today, Gov. Andy Beshear announced Kentucky has earned back-to-back Gold Shovel Awards from the national publication Area Development, which cited the commonwealth’s strong gains in attracting new businesses and growing jobs.
Each year, Area Development awards only one Gold Shovel Award for states...
FRANKFORT, Ky. — “Kentucky’s Winning Strategy” is the focus of a new plan released by the Kentucky Chamber of Commerce that offers a vision for future workforce development, talent attraction, and business growth in the Commonwealth.
For Kentucky to achieve its fullest potential, the Chamber has laid out steps...
ASHLAND, Ky. — Kentucky Power has named its vice president of external affairs and customer service. Amy Elliott took on the role effective Friday, June 30.
As vice president, Elliott will oversee the economic development, communications, customer service and external affairs teams for the company. She is replacing Cindy...