Montana Beginning Farm/Ranch Loan Program (Montana)

From Open Energy Information


Last modified on February 12, 2015.

EZFeed Policy

Place Montana


Applies to States or Provinces Montana
Name Montana Beginning Farm/Ranch Loan Program (Montana)
Policy Category Financial Incentive
Policy Type Loan Program
Affected Technologies Biomass/Biogas, Concentrating Solar Power, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Solar Photovoltaics, Wind energy
Active Policy Yes
Implementing Sector State/Province














Program Administrator Montana Department of Agriculture
Primary Website http://agr.mt.gov/agr/Producer/GrantsLoans/beginFarmRanch/


Last Review 2014-09-15


Information Source http://www.deq.mt.gov/Energy/Renewable/TaxIncentRenew.mcpx


Summary

Loans subsidized by tax-exempt bonds issued by the Montana Agricultural Loan Authority may be used for the production of energy using an alternative renewable energy source. The program is run through existing private agricultural lenders. The intent is to provide lower interest (1-2 percent below market) loans up to $477,000 to eligible beginning agricultural operators. To meet IRS regulations, the energy generated must be used within the agricultural operation.


Policy Contact

Contact Name Walt Anseth
Department Montana Department of Agriculture
Division Agricultural Finance Program
Address 302 N Roberts
Place Helena, Montana
Zip/Postal Code 59601
Phone (406) 444-2402
Fax (406) 444-9442
Email WAnseth@mt.gov
Website http://agr.mt.gov/agr/Producer/GrantsLoans/beginFarmRanch/


Authorities (Please contact the if there are any file problems.)

Authority 1: 80-12-201 et seq. MCA


















References