South Dakota Administrative Rules
Title 12 - Department of Agriculture
Article 12:07 - Agriculture enterprise programs
Chapter 12:07:12 - Rural development loans and participations
Section 12:07:12:05 - Eligibility requirements for project
Current through Register Vol. 50, page 114, March 25, 2024
To be eligible for a loan under this chapter, a project must be located in this state and must demonstrate the potential of doing one or more of the following:
(1) Producing or adding value to agricultural commodities and goods produced in this states
(2) Developing alternatives for agricultural and natural resources including those involving nontraditional crops and livestock, new marketing strategies, innovative production systems, or a variety of farm-based small business, tourism, or wildlife-associated recreation options;
(3) Using aquaculture;
(4) Developing or enhancing horticultural products or methods, such as through the production of ornamental plants and trees and other nursery products such as bulbs, florists' greens, flowers, shrubbery, flower and vegetable seeds, sod, or the growing of vegetables from seed to the transplant stage;
(5) Developing or enhancing forestry products or methods, such as through forestry projects which include establishments primarily engaged in the operation or tree farms, forest nurseries, or orchards and related activities.
General Authority: SDCL 38-6-8.1.
Law Implemented: SDCL 38-6-3, 38-6-8.
