Current through September 30, 2024
Section 773.7 - Loan usesLoan funds may be used for any of the following purposes related to the production or marketing of apples:
(a) Payment of costs associated with reorganizing a farm to improve its profitability;(b) Payment of annual farm operating expenses;(c) Purchase of farm equipment or fixtures;(d) Acquiring, enlarging, or leasing a farm;(e) Making capital improvements to a farm;(f) Refinancing indebtedness;(g) Purchase of cooperative stock for credit, production, processing or marketing purposes; or(h) Payment of loan closing costs.