Iowa Agricultural Development Division
Beginning Farmer Programs
2025 Annual Updates
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Please note the updates to Iowa Agricultural Development Division (IADD) Beginning Farmer Programs for 2025 below.
The net worth maximum will decrease from $833,000 to $820,000 for all IADD Beginning Farmer Programs.
Beginning Farmer Tax Credit Program (BFTC)
Iowa offers an incentive to asset owners for leasing their agricultural land, machinery, equipment, buildings and/or livestock to beginning farmers.
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- 2025 BFTC Applications are now available on the website. Applications for leases beginning in 2025 are due by August 1.
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Beginning Farmer Loan Program (BFLP)
This program assists new farmers in acquiring agricultural land, machinery, equipment, buildings, breeding livestock and/or make farm improvements. Beginning farmer loans typically carry interest rates of 20 to 25 percent below prevailing market rates.
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The maximum bond amount will increase from $649,400 to $667,500.
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Loan Participation Program (LPP)
This program assists farmers in securing down payment assistance for agricultural purchases through a last in last out participation with the bank.
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- The 2025 LPP interest rate is 4.00%.
- The rate is tied to Wall Street Prime and was projected to reset to 7.50%, it was re-evaluated by the IADD Board, and they voted to decrease the rate to 4.00% for 2025.
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The IADD Board also decreased the rate index from equal to Wall Street Prime to 3.50% below Wall Street Prime.
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