Kentucky Agricultural Finance Corp. approves more than $1.8 million in loans
Financing bolsters beef, horticulture, poultry, and grain farmers across the state
FRANKFORT (Aug. 14, 2026) – The Kentucky Agricultural Finance Corp. (KAFC) approved 11 agricultural loans totaling $1,835,131.80 for projects across the Commonwealth at its monthly board meeting.
Agricultural Infrastructure Loan Program (AILP)
Two Agricultural Infrastructure loans totaling up to $344,750 were approved. Loan recipients were in Hopkins ($250,000) and Mercer ($94,750) counties.
KAFC participates with lenders to provide financing to producers making 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 to exceed 50 percent of the project.
Beginning Farmer Loan Program (BFLP)
Seven Beginning Farmer loans totaling up to $1,072,881.80 were approved. Loan recipients were in Bourbon ($209,946.80), Grayson ($180,000), Hardin ($200,000), Mason ($145,500), Todd ($50,000 and $162,435), and Trigg ($125,000) counties.
The BFLP is designed to assist individuals with some farming experience who desire to develop, expand, or buy into a farming operation. Beginning farmers may qualify for financing to purchase livestock, equipment, or agriculture facilities; to secure permanent working capital; for the purchase of farm real estate; or to invest in a partnership or LLC.
Diversification through Entrepreneurship in Agribusiness Program (DEALP)
Two Diversification through Entrepreneurship in Agribusiness loans totaling up $417,500 were approved. Loan recipients were in Fayette ($237,500), and Jessamine ($180,000) counties.
DEALP is designed to assist agri-entrepreneurs with the purchase, establishment, or expansion of a business that sells agricultural products or services to farmers or consumers
For more information on KAFC participation loans, contact your lender or Bill McCloskey at Kentucky Office of Agricultural Policy at (502) 382-6093 or email kafc@ky.gov.
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