NC OpenBook

State Agency Program

Summary Information

CRIS Program - Agricultural Finance Programs
 
------------------------------------------------------ State Agency Program Summary ------------------------------------------------------
Title Agricultural Finance Programs
Agency Department of Agriculture and Consumer Services
NC Agricultural Finance Authority
Web http://www.stateagfinance.org/northcarolina.html
Description Farmers who cannot keep pace with the general economy will eventually wither and die, moving to urban areas where they may be ill equipped for non-farm employment. NCAFA loans fill a particular niche for farmers who may have the potential to expand farm income if they borrow, but may not meet credit standards for most lenders.
Grantee Eligibility
Fund 63702-6600
State $4,083,070.67
Federal $7,760,098.53
Other Other Amount not specified
Funding Year 2010 - 2011
Keywords agricultural loans
Assistance direct loans; guaranteed/insured loans