Young, Beginning, & Small Farmers
Mississippi Land Bank is committed to meeting the needs of Young, Beginning and Small farmers/ranchers. Our years of experience in rural lending provide the expertise needed to finance many people who fit into the YBS group. By utilizing our flexible loan terms and our New Generation Loan Program and by working closely with other organizations and governmental agencies, we can tailor loans to fit the unique situations of YBS borrowers. In addition, we actively support other programs, events, scholarships and educational activities that benefit YBS farmers/ranchers.
Young farmer – a farmer, rancher or producer or harvester of aquatic products who is age 35 or younger as of the loan transaction date.
Beginning farmer – a farmer, rancher or producer or harvester of aquatic products who has 10 years or less farming, ranching or aquatic experience as of the loan transaction date.
Small farmer – a farmer, rancher or producer of aquatic products who normally generates less than $250,000 in annual gross sales of agricultural or aquatic products.