1656.0011 Applicability And Purpose


Published: 2015

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1656.0011 APPLICABILITY AND PURPOSE.


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Subpart 1.

Applicability.

This chapter establishes the criteria and procedures to be used by the RFA in the administration of the value-added agricultural product loan program authorized by Minnesota Statutes, section 41B.046.


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Subp. 2.

Purpose.

The purpose of the value-added agricultural product loan program is to foster and maintain a diverse agricultural industry that is economically profitable by providing affordable credit to help farmers finance the purchase of stock in a cooperative proposing to directly or indirectly build or purchase and operate an agricultural product processing facility, located in Minnesota.