265—44.3(16) Beginning farmer loan program eligibility.

A loan to or on behalf of a BFLP beginning farmer shall be provided only if the criteria in Iowa Code section 16.75(3) are satisfied. In the loan application, the beginning farmer must demonstrate to the satisfaction of the authority that the beginning farmer has or will have access to adequate working capital, farm equipment, machinery, or livestock.

[ARC 0177D, IAB 4/1/26, effective 5/6/26]