![]() We require your hobby farm to have a home on it to qualify for our program. We require at least 5 acres for a hobby farm. You have the right amount of acreage for our hobby farm financing requirements. Is your hobby farm’s acreage 5 or greater? To qualify for our hobby farm loan program, it needs to be in a rural area. Depending on your score, it may not be too lengthy of a process. We’d be happy to help once you improve your credit score. You meet this requirement continue to the next question.Īll of our loan programs require you to have a 680 credit score. Hobby Farm Requirements Checklist Do you have a credit score of 680 or higher? “One-size-fits-all” in the ag industry fits no one.įor more achievable hobby farm financing requirements, follow along with our checklist. ![]() Through our personalized loan programs, we’re able to treat each hobby farmer that comes through our doors as an individual. While many traditional lenders cannot finance hobby farms, these farms are our speciality at United Ag Lending. Whether it’s through growing crops or owning and working with livestock, our hobby farm financing program can be your helping hand. The following individual is responsible for the handling of the applications at UDAF: Loan Specialist: Amy Wengren (801) 982-2227.Hobby farms are an exciting venture for people looking to explore their hobbies in an agricultural setting or try their hand at farming. When the loan process is complete you may begin your project. The State staff will approve the credit eligibility, determine collateral and prepare the loan papers. When the plan is approved the application and plan are sent to the loan office at the UDAF. The board will use local conservation priorities to determine the best use of funds. Project planning is done at the local level to ensure the ability to adapt to local conditions. The board will also determine the dollar amount to be allocated for the project. If the project meets the ARDL program guidelines a specialist from the Natural Resources Conservation Service (NRCS) or the Utah Association of Conservation Districts (UACD) will be assigned to help you design and develop the project.Īfter the project is developed it will be submitted to the local Conservation District board for review. ![]() Application must be returned to the Conservation District Supervisor or the Resource Coordinator for each zone. How Do I Apply for a Loan?Īn application can be obtained from your local Conservation District supervisor, your local USDA Service Center, or the Utah Department of Agriculture & Food.Ĭlick here for the application. The improvement of wildlife habitat and the reduction of erosion and pollution also helps improve the relations between agriculture and the environmental and urban communities, a real concern in today’s world. The efficient use of water and the reduction of silt from erosion in streams and reservoirs means that more water is available for culinary and recreational purposes. Improvement of wildlife habitat, rangeland, and waterways means better conditions for livestock and wildlife as well as for better crop yields. Good conservation practices help to maximize profits by reducing costs through the effective use of valuable resources. Why Should I Implement a Conservation Project?Ĭonservation of resources not only helps the environment, it helps you. There are no restrictions against combining ARDL funds with other types of funds. Can Loan Funds Be Used with Other Federal Programs?Ĭombining ARDL funds with other grants and loans is encouraged in order to provide the maximum benefit in conservation. The planned projects must be applied to farmland or ranchland. Any private farm or ranch operator who meets this definition is eligible to apply for an ARDL loan. ![]() The United States Department of Agriculture defines a “farm” as an operation of five or more acres with annual sales of at least $1,000.00. flooding, drought, etc.)Īs of November 30, 2022, the administrative fee has been adjusted to one percent (1%). Mitigate damages resulting from natural disasters (e.g.The goal of the program is to aid farmers and ranchers to: The program provides low interest loans to farmers and ranchers for projects which meet the conservation and pollution control goals of the program. This program is administered by the Department of Agriculture & Food (UDAF) under the direction of the Conservation Commission. This expanded program is known as the Agriculture Resource Development Loan program or ‘ARDL’. On July 1, 1983, the Utah Department of Agriculture expanded its Rangeland Development program to include cropland, watershed, and energy conservation practices.
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