Minnesota § 41B.039 BEGINNING FARMER PROGRAM

Minnesota Statutes

§ 41B.039 — BEGINNING FARMER PROGRAM

Minnesota § 41B.039

PartAGRICULTURE

Ch. 41BRURAL FINANCE AUTHORITY

This text of Minnesota § 41B.039 (BEGINNING FARMER PROGRAM) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 41B.039 (2026).

Text

Subdivision 1.Establishment. The authority may establish, develop criteria, and implement a beginning farmer program. Subd. 2.State participation. The state may participate in a new real estate loan with an eligible lender to a beginning farmer to the extent of 45 percent of the principal amount of the loan. Individual loans must be no less than $20,000 and no more than $500,000. The interest rates and repayment terms of the authority's participation interest may be different than the interest rates and repayment terms of the lender's retained portion of the loan. Subd.

3.[Repealed,1989 c 273 s 8] Subd.

4.[Repealed,1989 c 273 s 8] Subd.

5.[Repealed,1989 c 273 s 8]

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Subdivision 1.Establishment.
The authority may establish, develop criteria, and implement a beginning farmer program.

Subd. 2.State participation.
The state may participate in a new real estate loan with an eligible lender to a beginning farmer to the extent of 45 percent of the principal amount of the loan. Individual loans must be no less than $20,000 and no more than $500,000. The interest rates and repayment terms of the authority's participation interest may be different than the interest rates and repayment terms of the lender's retained portion of the loan.

Subd. 3.
[Repealed,1989 c 273 s 8]

Subd. 4.
[Repealed,1989 c 273 s 8]

Subd. 5.
[Repealed,1989 c 273 s 8]

Legislative History

1987 c 396 art 1 s 17;1988 c 688 art 10 s 4-6;1989 c 273 s 6;1992 c 381 s 6;1992 c 532 s 1;1993 c 332 s 3;2000 c 477 s 55;2000 c 488 art 3 s 14;2004 c 254 s 16;2009 c 94 art 1 s 84;2015 c 44 s 22;2024 c 126 art 2 s 56;2024 c 127 art 38 s 56;2025 c 34 art 3 s 20