Minnesota Administrative Rules

1656.0011 APPLICABILITY AND PURPOSE.

Subpart 1.

Applicability.

This chapter establishes the criteria and procedures to be used by the RFA in the administration of the value-added agricultural product loan program authorized by Minnesota Statutes, section 41B.046.

Subp. 2.

Purpose.

The purpose of the value-added agricultural product loan program is to foster and maintain a diverse agricultural industry that is economically profitable by providing affordable credit to help farmers finance the purchase of stock in a cooperative proposing to directly or indirectly build or purchase and operate an agricultural product processing facility, located in Minnesota.

Statutory Authority:

MS s 41B.046; 41B.07; 41C.13

History:

20 SR 2290(NO. 43); 30 SR 372

Published Electronically:

October 26, 2005