WHAT ARE THE BASIC APPLICANT ELIGIBILITY REQUIREMENTS?
Top A. Must be at least 18 years old B. Must have a net worth of not more than $577,825 (including the co-applicant) C. Cannot presently or previously own(ed) a significant amount of farmland, which: Is greater than 30 percent of the county median D. Beginning Farmer must be the operator of the project: 1. Cannot rent out the farm or put it in CRP (can put acres in CRP that are purchased without bond funds or no more than 20 percent of bond is used to purchase CRP acres — up to 25 percent of bond funds can be used to purchase CRP acres if no bond funds used to purchase a house) 2. Cannot hire work to be done. (Can hire some minor work, but majority of work must be done by the Beginning Farmer applicant.) E. Beginning Farmer applicant cannot be a partnership or corporation or limited liability company.
