By Missouri Department of Agriculture
The program provides Missouri tax credits to Missouri lenders who make breeding livestock loans to small farmers.To participate in the loan program, a small farmer shall first obtain approval for a family farm breeding livestock loan from an eligible lender. The small farmer shall not be charged interest by the lender for the first year of the qualified family farm livestock loan. The tax credit certificate will be issued after receiving a certification from the lender of the actual interest waived after the first year of the eligible loan. An eligible farmer is a legal Missouri resident and who has less than $250,000 in gross agricultural product sales per year. Each small farmer shall be eligible for only one family farm livestock loan per immediate household family and only one type of livestock.
Missouri