HB417
Log in to followAN ACT relating to the Farmland Preservation Loan Program.
Create a new section of KRS 247.940 to 247.978 to define "participating lender"; authorize the Kentucky Agricultural Finance Corporation to establish, administer, and fund a Farmland Preservation Loan Program and enter into a loan participation agreement with a qualified participating lender to purchase interests in promissory notes to allow a borrower to purchase or improve an agricultural property located within the Commonwealth; authorize the Kentucky Agricultural Finance Corporation to promulgate administrative regulations to administer the Farmland Preservation Loan Program.
Introduced: January 15, 2026
Last action: January 23, 2026
Plain-language summary
This bill would create a new loan program in Kentucky designed to help people buy or improve farmland. It gives the Kentucky Agricultural Finance Corporation the authority to run the program, partner with lenders, and set rules for how it works. Who it may affect: farmers, agricultural landowners, and prospective buyers of farmland in Kentucky.
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Co-sponsors (3)
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