As outlined in the 1975 Use Agreement between the state and the federal government, assets of the Fund may be used for one or more of the following farm-related purposes:
- (1) Loans to farmers made for acquisition or development of farms or for refinancing farm real estate debts;
- (2) Loans to farmers for farm operating expenses;
- (3) Loans or grants to farmers for flood prevention or restoration projects;
- (4) Loans or grants for farm labor housing and related facilities;
- (5) Loans or grants for educational expenses for farmers, members of their families, or farm laborers; and
- (6) Loans or grants for farming-oriented projects carried out by youth organizations including Future Farmers of America, Future Homemakers of America, and 4-H Clubs.
Statutory/Other Authority
ORS 566
Statutes/Other Implemented
ORS 566.310 - 566.360
History
LB 3-1987, f. & ef. 5-6-87