Articles tagged under: Rural Finance Authority

RFA Issues Emergency

Published February 17, 2025

The Minnesota Department of Agriculture’s Rural Finance Authority has declared an emergency, due to animal disease outbreaks. Zero-percent disaster recovery loans are available for farmers who sustained disease-related livestock losses between now and a year from now. The three diseases…
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A Helping Hand After the Long Winter

Published April 13, 2023

Minnesota’s Rural Finance Authority has declared an emergency for the entire state. This makes zero-interest disaster recovery loans available for farmers who suffered property damage or livestock losses this year. Eligible farmers will be able to work with their local…
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House Ag Committee Passes RFA Funding Bill

Published January 23, 2023

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…
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Rural Finance Authority Expedites Disaster Funds

Published February 10, 2022

During a Minnesota House Agriculture Committee hearing, Rural Finance Authority ag finance supervisor Matt McDevitt provided a status report on the drought disaster loans. "Currently, we have about ten applications for $1.2 million and we continue to get inquiries," said…
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MN RFA Approves Disaster Recovery Loan Program

Published July 14, 2021

Zero-interest loans are available for Minnesota farmers dealing with the dry conditions. The Minnesota Department of Agriculture’s Rural Finance Authority Board voted unanimously to make the disaster recovery funds available. This program can be used to help cover lost revenue…
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MN Lawmakers Readjust Top Priorities for Session

Published March 23, 2020

In St. Paul, state lawmakers are looking at ways to mitigate the challenges of the coronavirus. Minnesota House Agriculture and Food Finance and Policy Division Chair Jeanne Poppe explains there's a few things being considered to help local food production.…
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Rural Finance Authority Funds Get Final Approval

Published March 18, 2020

Minnesota Governor Tim Walz signed a bill Tuesday to provide funding for the Minnesota Department of Agriculture Rural Finance Authority. The bill allocates $50 million for the RFA to continue offering eligible Minnesota farmers low interest loans not offered by…
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Rural Finance Authority Funds Appreciated

Published March 12, 2020

The Rural Finance Authority cleared the Minnesota Senate on Thursday. Minnesota Agriculture Commissioner Thom Petersen says with the challenging, continuous harvest, farmers need resources. "We don't have lots of applications in so farmers shouldn't have to wait long." Petersen says…
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