By re-establishing the Treasurer's Agricultural Loan Program (TALP), State Treasurer Richard Mourdock has made an initial $25 million in low interest loans available to specific agricultural sectors facing difficult market or crop conditions.
TALP will be available to farmers in all of Indiana's 92 counties that meet the specific guidelines.
Please click for a TALP application or to view the brochure.
Rates: Bankers rate is currently 1.0%. Farmer's rate is currently 3.5% Bankers rate =(Fed fund rate - 2% or 200 bps) Farmers rate = (Fed fund rate + 0.50% or 50bps)
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