Loans will be made only to livestock producers that are operators of record or have legal control of the property containing the animal feeding operation for the duration of the loan. The department has the discretion to deny applications for producers if the department has issued an administrative order to the producer pursuant to Iowa Code section 455B. 175, if the department notifies the producer in writing of intent to recommend referral or the commission refers the action to the attorney general pursuant to Iowa Code section 455B175., or if the attorney general has commenced legal proceedings against the producer pursuant to Iowa Code section 455B112..
Existing animal unit capacity/new animal unit capacity x total eligible project cost x 1.5 = maximum linked deposit amount
Example: 450 AUC / 900 AUC x $500,000 x 1.5 = $375,000
Example: 300 AUC / 600 AUC x $300,000 x 1.5 = $225,000
Example: 50 AUC / 900 AUC x $500,000 x 1.5 = $41,666
If existing areas in open feedlots are kept open where some pens are replaced and the operation is expanded through the addition of a dry bedded confinement feeding operation building, the remaining open lot areas must comply with 567-65101. (459A).
Iowa Admin. Code r. 567-93.5