Finance authority approves issuing bonds

Finance authority approves issuing bonds The South Dakota Value Added Finance Authority held its regularly scheduled monthly meeting on�Feb. 26, �at which time the board approved the issuance of over $760,000 in tax-exempt bonds for beginning farmers and ag businesses in�South Dakota.

The authority administers the Beginning Farmer Bond, the Agribusiness Bond, the Livestock Nutrient Management Bond, and the Value Added Agribusiness Relending Program Loan.�The purpose of the Authority is to assist farmers/ranchers and ag businesses in acquiring financing at lower interest rates.

Since the authority was formed in 1995, it has issued $29.7 million in tax-exempt bonds.

For more information regarding these programs as well as other programs administered through the South Dakota Department of Agriculture, contact Terri LaBrie Baker at (605) 773-5436 or visit www.st ate.sd.us/doa/ag_dev/loan.hm.

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