Loans to Cooperatives

COL1/11/2022 CH. 60 DEPARTMENT OF AGRICULTURE Loans may be granted to cooperative associations engaged in production, marketing, purchasing, processing and providing farm business services, including:

(a)Facility loans to purchase or improve land, buildings and equipment for an amount not to exceed $50,000 and a term not to exceed 20 years.

(b)Operating loans to finance inventories of supplies, warehousing, and other normal operating expenses for an amount not to exceed $35,000 and a term not to exceed five years.