Beech Tree News Network

Agricultural Development Board Invests $219,000 in Christian County

Kentucky Farm Bureau (KFB) set a new milestone in the organization’s already-storied history by celebrating its 50th consecutive year of membership growth. KFB surpassed last year’s record-breaking membership mark of 500,316 member families and has until the end of its fiscal year on October 31 to take the new total even higher.

“We are fortunate to have 50 years of continuous growth at Kentucky Farm Bureau,” said Mark Haney, president of KFB, “but, at the same time, we also recognize that we are ultimately harvesting the rewards of those who came before us.”

The Farm Service Agency (FSA) lending limit for Guaranteed Loans will be increased to $1,214,000, effective October 1, 2011. The lending limit increases every year according to an inflation index. The maximum combined guaranteed and direct farm loan indebtedness will also be increased to $1,514,000.

As a reminder, the one-time loan origination fee charged on FSA guaranteed Farm Ownership and Operating loans will increase from 1 percent to 1.5 percent of the guaranteed portion of the loan, for loans obligated after October 1, 2011.

By: Greg Drake II, County Extension Agent for Agriculture and Natural Resources

Source: Tom Keene, UK Plant and Soil Sciences Hay Specialist