Friday, 10 04, 2013
FRANKFORT, Ky. (Oct. 4, 2013) -The Kentucky Agricultural Finance Corporation (KAFC), chaired by Agriculture Commissioner James R. Comer, today approved $381,384 in agricultural loans for projects in the Commonwealth during its regular monthly business meeting.
Agricultural Infrastructure Loan Program (AILP)
Through AILP, KAFC participates with lenders to provide financing to producers making capital expenditures for agricultural projects. Eligible projects include permanent farm structures with attached equipment that improves the profitability of farming operations. Eight Agricultural Infrastructure loans were approved for recipients from Christian, Marion (2), Mercer, Warren and Washington (3) counties.
For more information on the programs offered by the KAFC, contact Bill McCloskey, director of financial services, at (502) 564-4627 or visit the KAFC Web page at kafc.ky.gov.
Gov. Steve Beshear and the Kentucky Legislature continue their commitment to the agricultural diversification efforts being made across the Commonwealth. The Kentucky Agricultural Finance Corporation (KAFC) provides capital access for agricultural diversification and infrastructure projects. To date, KAFC has approved 481 projects and committed more than $59 million.
KAFC is supported in part by the Kentucky Agricultural Development Fund.
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