Organizations Fighting Hunger
Iowa Agricultural Development Division of the Iowa Finance Authority
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Description: The Iowa Agricultural Development Division (IADD) of the Iowa Finance Authority 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. Their Beginning Farmer Loan Program and Loan Participation Program help Iowa farmers purchase agricultural land, depreciable machinery or equipment, breeding livestock or buildings. The IADD loans may also be used to improve existing buildings or farmland. These programs may be used independently or in conjunction with one another. Both loan programs can only be used for new purchases and neither program can be used to refinance existing debt. The Beginning Farmer Tax Credit Program encourages owners of capital agricultural assets to lease them to Iowa's qualifying beginning farmers. The program provides the agricultural asset owner a credit against Iowa income taxes owed. The program is designed to help beginning farmers secure leased farm land or equipment.
How to Help: Farmers and other individuals interested in using IADD programs should visit their website for more information about how to qualify and apply for support. Others who are interested in collaborating with IADD should contact them directly. Click here to flag this profile as needing attention.
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