Iowa Agricultural Development Division of
the Iowa Finance Authority
DESCRIPTION
CONTACT NAME
Steve Ferguson
EMAIL
[email protected]
PHONE
515-725-4928
OFFICE ADDRESS
2015 Grand Avenue
Des Moines, IA 50312
TYPE OF WORK
The Iowa Agricultural Development Division (IADD) of the Iowa
Finance Authority was established by the Iowa General Assembly in 1980
to provide financial assistance to Iowa’s grain and livestock producers.
Operating expenses for the IADD are derived from modest application and
service fees paid by program participants. The IADD also earns interest
from a trust fund, but it does not receive any state tax dollars.
Their Beginning Farmer Loan Program and Loan Participation
Program help Iowa farmers purchase agricultural land, depreciable
machinery or equipment, breeding livestock or buildings. The IADD loans
may also be used to improve existing buildings or farmland. These
programs may be used independently or in conjunction with one another.
Both loan programs can only be used for new purchases and neither
program can be used to refinance existing debt.
The Beginning Farmer Tax Credit Program encourages owners of capital
agricultural assets to lease them to Iowa's qualifying beginning farmers.
The program provides the agricultural asset owner a credit against Iowa
income taxes owed. The program is designed to help beginning farmers
secure leased farm land or equipment.
Government Agency
COUNTIES
Polk
Activities
Statewide
HOW TO HELP
Farmers and other individuals interested in using IADD programs should
visit their website for more information about how to qualify and apply for
support. Others who are interested in collaborating with IADD should
contact them directly.
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