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Farmer Eligibility
- Currently operating a farm.
- Debt-to-asset ratio, including assets and liabilities incurred with
the FARM loan, of 85% or less.
- Must have sufficient collateral to cover the value of the FARM loan.
- Has not defaulted on previous WHEDA loans (farmer would become eligible
upon repayment).
- Reside in Wisconsin, or if a partnership or corporation the entity
must be legally registered in Wisconsin.
- Actively engaged in the operation and current in child support payments,
if any.
- Farm located in Wisconsin.
- Unable to obtain conventional financing at reasonable terms.
- As a startup farmer, the individual(s) has no less than 3 years of farming experience including managing the day to day operations of a farm.
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