Established in 2011, the Young Farmer Loan Program offers a 30-year, no interest loan to help young farmers purchase farmland, one of the chief obstacles to starting out in business. The loan is for up to 70 percent of the appraised value of the farm’s development rights, not to exceed $500,000. Farms in the program are placed into a permanent preservation easement. To date, 36 young farmers have received $8 million in loans to purchase over 2,800 acres of land.
Contact Delaware Young Farmer Loan Program
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Delaware Young Farmer Loan Program is not employed by or affiliated with the Land Conservation Assistance Network, and the Network does not certify or guarantee their services. The reader must perform their own due diligence and use their own judgment in the selection of any professional.