Minnesota Administrative Rules Agency 109 - Rural Finance Authority
Here are the key elements of Minnesota Administrative Rules – Agency 109: Rural Finance Authority:
📘 Overview of Agency 109 (Rural Finance Authority)
The Rural Finance Authority (RFA), under Agency 109, oversees several loan programs designed to support Minnesota’s agricultural sector. The official rules are organized into chapters:
Chapter 1650 – Beginning Farmer and Agricultural Improvement Loans
Chapter 1651 – Seller-Sponsored Loan Participation
Chapter 1652 – Agricultural Business Enterprise Loans
Chapter 1653 – Restructure II Program
Chapter 1654 – Ethanol Production Facility Loan Program
Chapter 1655 – Livestock Expansion Loan Program
Chapter 1656 – Value‑Added Loans (revisor.mn.gov, regulations.justia.com)
🔍 Example – Chapter 1651: Seller‑Sponsored Loan Participation
The Seller‑Sponsored Loan program sets forth seller eligibility criteria (Minn. R. 1651.0031), including:
Compliance with Minn. Stat. §500.24 and the property being in Minnesota
Completion of a seller-assisted loan commitment form
Subordination of the seller’s loan to the first mortgage
Full disclosure of terms in a written purchase agreement (law.cornell.edu)
📚 Example – Chapter 1654: Ethanol Production Facility Loan Program
This chapter outlines program rules for loans to ethanol production facilities:
Part 1654.0010 – Program establishment
1654.0020 – Definitions
1654.0030–.0070 – Application, collateral, processing, bond funding, and participation authority (regulations.justia.com)
⚙️ Enabling Statute – Chapter 41B
The RFA derives authority from Minnesota Statutes, Chapter 41B:
Specifies governance, eligibility, procedural rules
Authorizes rulemaking (Stat. § 41B.07)
Contains structure for loan products, bond issuance, program duties, and eligibility thresholds (revisor.mn.gov)
🛠 Available Loan Programs & Fees (via Minnesota Dept. of Agriculture)
According to the Minnesota Department of Agriculture’s Rural Finance Authority:
Beginning Farmer – 5.00% interest, $50 application fee
Seller‑Assisted – 5.00%, $50
Agricultural Improvement – 5.00%, $50
Livestock Expansion – 5.25%, $50
Restructure II – 5.25%, $50
Value‑Added Stock – 2.00%, $50
Livestock Equipment – 2.00%, $50
Farm Opportunity – 5.00%, $50 (mda.state.mn.us)
✅ What You Can Do Next
| Task | Resource |
|---|---|
| Access full text of rules | Visit the Revisor of Statutes – Agency 109 page (revisor.mn.gov) |
| Explore program eligibility | Refer to specific chapters (e.g., 1650, 1653) based on your needs |
| Review statutory power | Consult Chapter 41B on the Revisor site to understand rule authority and loan structures |
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