AG BEST MANAGEMENT PRACTICES (BMP) LOAN
|The Lincoln Soil and Water Conservation
District handles the Agriculture Best Management Practices (BMP) Loan
|The Ag BMP Loan Program:
- Provides low interest financing for
the implementation of conservation practices that prevent or reduce
runoff from feedlots and farm fields and other pollution problems
identified in the Lincoln County Water Management Plan.
- Provides loans for projects that
reduce existing water quality problems caused by agriculture
activities or failing septic systems.
- Helps landowners comply with water
related laws or rules.
- Can be used with state and federal
cost-share or other sources of funding.
|Who may apply
for loans: Farmers, Rural Landowners and Agriculture supply
|Eligible activities could include:
- Feedlot improvements.
- Upgrading manure storage basins.
- Improved manure handling, spreading
and incorporation equipment.
- Terraces, waterways, water and
sediment control basins, windbreaks, and other practices that
- Conservation tillage equipment.
- Repair of individual sewage
- Most new construction projects.
- Financing projects already
- Improvement for feedlots with more
than 1,000 animal units.
- Activities for operations that have
criminal proceedings against them.
|Limitations of Loans:
Below are a few limitations of the Ag BMP Loan Program. For
addition limitations of loans contact the Lincoln SWCD or the MN Dept.
- The total amount of loans to an
individual borrower does not exceed $100,000.
- Sewage Treatment Systems treating
more than 10,000 gallons average daily flow per day are ineligible.
- No livestock production with more
than 1,000 AU are ineligible.
- Incremental costs associated with
increasing the production capacity of a livestock facility are
- The maximum interest rate is 3%,
interest plus usual and customary fees charged by the lender.
- The local lender may set additional
terms and requirements for eligibility of projects.
- These loans are meant to encourage
water quality protection and may only be used to solve existing
water quality problems.