(LEX 18) — The Kentucky Agricultural Finance Corporation (KAFC) approved more than $5 million in loans during a board meeting to support both beginning and established farmers across multiple counties.
More than $3 million will be distributed across Adair, Caldwell, Calloway, Clark, Grayson, Green, Hopkins, Ohio, Rockcastle, and Washington counties through the “Beginning Farmer Loan Program,” which aims to assist developing farmers.
Additionally, a portion of the remaining funds will be allocated to Breckenridge, Edmonson, Graves, and Marshall counties for an “Agricultural Infrastructure Loan Program” to improve equipment for existing farms.
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