The Minnesota House Agriculture Finance and Policy Committee approved two identical bills that would appropriate $50 million from state bond proceeds for the Rural Finance Authority. HF103 is sponsored by Badger Republican John Burkel and HF463 is sponsored by Brooklyn Center DFL’er Samantha Vang. RFA funds can be used for beginning farmer loans, loan restructuring, ag improvement and livestock expansion loans. The House Capital Investment Committee is the next step for these bills.
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