No-Interest Loans Available For Young Delaware Farmers - 47 ABC - Delmarva's Choice

No-Interest Loans Available For Young Delaware Farmers

Posted: Updated:

DELAWARE - Young Farmers looking to buy land in the First State, may be eligible for loan assistance. A new program through the State of Delaware is now accepting applications for long-term, no-interest loans, to help eligible young farmers purchase land. Applications are due by March 31st.

This will be the third run for the program, which is administered by the Delaware Farmland Preservation Program. Deputy Secretary of Agriculture Austin Short, who oversees the program, says "we have had tremendous interest in the program so far, this is a way to help reduce the financial impact on farmers starting out and attract more young people to invest in agriculture."

To be eligible, farmers must be between 18 and 40-years-old, have at least three years of farming experience, and have a net worth of no more than $300,000. The loan can be used to buy farmland in Delaware that has at least 15 tillable acres zones for agricultural use, and it must actively be used.

For more information on the loans, and eligibility, visit the Department of Agriculture's website, or call or email Deputy Secretary Austin Short at 302-698-4500 or austin.short@state.de.us.

  • Local NewsDelmarva HeadlinesMore>>

  • Salisbury Bingo Supports ALS Foundation

    Salisbury Bingo Supports ALS Foundation

    Thursday, August 21 2014 11:40 PM EDT2014-08-22 03:40:24 GMT
    SALISBURY, Md. - The "ALS Ice Bucket Challenge" has taken social media by a storm. An event hosted by the DC/MD/VA chapter of ALS gained funds and awareness without the use of ice cold buckets.More >>
    SALISBURY, Md. - The "ALS Ice Bucket Challenge" has taken social media by a storm. An event hosted by the DC/MD/VA chapter of ALS gained funds and awareness without the use of ice cold buckets.More >>
  • New App Offers Anonymous Peer Counseling

    New App Offers Anonymous Peer Counseling

    Thursday, August 21 2014 11:18 PM EDT2014-08-22 03:18:52 GMT
    47 ABC - We've heard the quote "Be kind. For everyone you meet is fighting a hard battle." A new smartphone is proving just that, offering strangers the chance to lend an ear to one another when times are tough.More >>
    47 ABC - We've heard the quote "Be kind. For everyone you meet is fighting a hard battle." A new smart-phone is proving just that, offering strangers the chance to lend an ear to one another when times are tough.More >>
  • 2nd Duck Derby Benefits National Foundation

    2nd Duck Derby Benefits National Foundation

    Thursday, August 21 2014 11:18 PM EDT2014-08-22 03:18:21 GMT
    OCEAN CITY, Md. - And they're off! Three thousand rubber ducks swam to the finish line in support of a great cause.More >>
    OCEAN CITY, Md. - And they're off! Three thousand rubber ducks swam to the finish line in support of a great cause.More >>
Powered by WorldNow
Powered by WorldNow All content © Copyright 2000 - 2014 WorldNow and WMDT. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.