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Beginning Farmer Bond Program - South Dakota Governor’s Office Of Economic Development Beginning Farmer Bond Program Tax-Exempt Bond for Farmers The South Dakota Beginning Farmer Bond Program (SDBFBP) is a tax-exempt bond program designed to assist Beginning Farmers in the state of South Dakota to acquire agricultural property at lower interest rates.
The Program enables lenders, individuals, partnerships, corporations, and other entities (herein referred to as the “Bond Purchaser”) to receive federally tax-exempt interest with respect to a loan or contract sale made to Beginning Farmers.
The Bond Purchaser, after arranging the loan or sales contract, will obtain from the South Dakota Economic Development Finance Authority (the “Authority”) a federally tax-exempt Private Activity Bond (PAB) in the amount of the loan or unpaid balance. The loan and its collateral will be assigned to the Bond Purchaser as security for the bond.
In the case of a contract sale, the contract will be entered into by the Authority, and the Bond Purchaser will receive the bond to evidence the Authority’s obligations under the contract. The Authority’s right, title and interest in the contract will then be assigned to the Beginning Farmer who assumes payment obligations of the Authority under the contract.
The program enables lenders and qualified beginning farmers to save on interest by using federally tax-exempt bonds on loan amounts up to $600,000. Real Estate, depreciable property and breeding livestock Bond purchaser, usually the lender, sets rates and terms; can also work with contract sellers that aren’t parents/grandparents.
The program enables lenders and qualified beginning farmers to save on interest by using federally tax-exempt bonds on loan amounts up to $600,000. Real Estate, depreciable property and breeding livestock Bond purchaser, usually the lender, sets rates and terms; can also work with contract sellers that aren’t parents/grandparents. Beginning Farmer Bond Application Beginning Farmer Bond Summary
Based on current listing details, eligibility includes: See the South Dakota grants portal for complete eligibility requirements. Applicants should confirm final requirements in the official notice before submission.
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The Fund for Women & Girls Grant Program is sponsored by The Foundation for Enhancing Communities (TFEC). The Fund for Women & Girls, an initiative of TFEC, makes grants to local nonprofit organizations in specific South Central PA counties. The grants support projects that advance the lives of women and girls by providing opportunities to address basic needs, develop economic self-sufficiency, and strengthen health and safety needs.
VGF grants will be used to develop and/or support community-based entities to recruit, manage, and support volunteers. CNCS seeks to fund effective approaches that expand volunteering, strengthen the capacity of volunteer connector organizations to recruit and retain skill-based volunteers, and develop strategies to use volunteers effectively to solve problems. Specifically, the VGF grants will support efforts that expand the capacity of volunteer connector organizations to recruit, manage, support and retain individuals to serve in high quality volunteer assignments.Applicants that receive funding under this Notice may directly carry out the activities supported under the award, or may carry out the activities by making sub-grants to community-based entities, supporting volunteer generation at these entities.). Funding Opportunity Number: AC-05-25-21. Assistance Listing: 94.021. Funding Instrument: G. Category: O. Award Amount: $6.1M total program funding.