Delaware farmers between 18 and 40 years old have the opportunity to apply for the Young Farmers Loan Program through Nov. 30.
The program provides long-term, no-interest loans to help eligible farmers purchase land, reducing the financial impact on farmers starting out or looking to expand.
Applicants must have at least three years of farming experience, and their net worth must not exceed $300,000. Eligible farms must contain at least 15 acres of cropland and must not be enrolled in a conservation easement at the time of purchase. The 30-year, no interest loans may fund up to 70 percent of the value of a property’s development rights, defined as the difference between full market value and agricultural value, up to a maximum of $500,000.
For application packets and more, visit dda.delaware.gov, call 698-4500 or email firstname.lastname@example.org.