Kentucky Agricultural Finance Corp. approves over $2.8 million in loans

FRANKFORT, Ky. (Nov. 13, 2026) – The Kentucky Agricultural Finance Corp. (KAFC) approved 15 agricultural loans totaling $2,865,303 for projects across the Commonwealth at its monthly board meeting.

Beginning Farmer Loan Program (BFLP)   

Thirteen Beginning Farmer loans were approved. Loan recipients were in the following counties: Allen ($196,500), Barren ($175,000), Bourbon ($250,000), Christian ($250,000), Daviess ($250,000), Garrard ($205,000), Hardin ($250,000), Jessamine ($250,000), McLean ($87,500), Pulaski ($102,800), Shelby ($250,000), and Warren ($202,685.87 and $106,037.50). BFLP is designed to assist individuals with some farming experience who desire to develop, expand, or buy into a farming operation. Beginning farmers may qualify for financing to purchase livestock, equipment, or agriculture facilities; to secure permanent working capital; for the purchase of farm real estate; or to invest in a partnership or LLC. 

Diversification through Entrepreneurship in Agribusiness Loan Program (DEALP)

One DEALP loan was approved in Graves County ($89,780). DEALP is designed to assist agri-entrepreneurs with the purchase, establishment, or expansion of a business that sells agricultural products or services to farmers or consumers. 

Large/Food Animal Veterinary Loan Program (LFAVLP)

One LFAVLP loan was approved in Ballard Count ($200,000). LFVALP is designed to assist individuals licensed to practice veterinary medicine in Kentucky who desire to construct, expand, equip, or buy into a practice serving large animal producers, including goat, sheep, swine, and other smaller food animals.

For more information on KAFC participation loans, contact your lender or Bill McCloskey at Kentucky Office of Agricultural Policy at (502) 382-6093 or email kafc@ky.gov.

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The Kentucky Office of Agricultural Policy (KOAP), a division within the Kentucky Department of Agriculture, provides staff support to the Kentucky Agricultural Finance Corporation (KAFC) and the Kentucky Agricultural Development Fund (KADF). The KADF is administered by the Kentucky Agricultural Development Board. KOAP ensures Kentucky is being good stewards of dollars from the 1998 Tobacco Settlement Agreement by overseeing the boards’ investments into diversifying and supporting Kentucky agriculture.

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