Delivering needed assistance to Minnesota’s 74,000 farmers, Governor Mark Dayton signed the bipartisan $35 million Rural Finance Authority legislation (H.F. 14) into law. The new funding will allow the Authority to continue offering eligible Minnesota farmers affordable financing and terms and conditions not offered by other traditional lenders. Without the investment, many Minnesota farmers would face a credit crunch caused by several years of low commodity prices and rising expenses. Rural Finance Authority loans are particularly important early in the year when Minnesota farmers review their finances and restructure debt ahead of the growing season.
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Voice of Alexandria
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