Administrative Rules of Montana
Department 4 - AGRICULTURE
Chapter 4.14 - MONTANA AGRICULTURAL LOAN AUTHORITY
Subchapter 4.14.3 - Substantive Rules
Rule 4.14.305 - APPLICANT ELIGIBILITY
Universal Citation: MT Admin Rules 4.14.305
Current through Register Vol. 6, March 22, 2024
(1) Basic program applicant eligibility requirements are:
(a) The beginning farmer/rancher must be a
minimum of 18 years of age;
(b) The
beginning farmer/rancher must be a resident of Montana at the time the loan is
closed;
(c) The beginning
farmer/rancher must have documented, to the satisfaction of the financial
institution and the authority, sufficient education, training and experience
for the anticipated farming/ranching operations for which the loan is sought;
and
(d) The beginning
farmer/rancher must, as a condition of loan closing, demonstrate to the
satisfaction of the financial institution and the authority, access to the
following as may be needed: adequate working capital, farm/ranch machinery,
livestock and agricultural land.
80-12-103, MCA; IMP, 80-12-203, 80-12-204, MCA;
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