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. (1) Producing or adding value to agricultural commodities and goods produced in this state;
2. (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. (3) Using aquaculture;
4. (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. (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.

Source: 17 SDR 141, effective March 25, 1991; 25 SDR 95, effective January 20, 1999; 38 SDR 45, effective September 22, 2011; 45 SDR 31, effective September 13, 2018; SL 2019, ch 235, § 37 and 38, effective April 14, 2019.

General Authority: SDCL 1 -53-30 .

Law Implemented: SDCL 1-53-24 , 1-53-29 .

Prior versions effective: 2018-09-13, 2011-09-22.