§ 57-10-301. Short title

This article shall be entitled the “Mississippi Business Finance Corporation Beginning Farmer Program.”

§ 57-10-303. Definitions

For the purposes of this article, the following words shall have the meanings ascribed herein, unless the context otherwise requires: “Act” means the Mississippi Business Financing Act being Title 57, Chapter 10, Article 7, Mississippi Code of 1972. “Agricultural land” means land suitable for use in farming. “Agricultural improvements” means any improvements, buildings, structures or […]

§ 57-10-305. Legislative findings and determinations

The Legislature finds and determines as follows: There exists a serious problem in the state regarding the ability of nonestablished farmers to acquire agricultural land and agricultural improvements and depreciable agricultural property in order to enter farming. This barrier to entry into farming is conducive to consolidation of acreage of agricultural land with fewer individuals […]

§ 57-10-307. Development of program; general powers of corporation; rules and regulations

The corporation shall develop a beginning farmer loan program to facilitate the acquisition of agricultural land and improvements and depreciable agricultural property by beginning farmers. The corporation shall exercise the powers granted to it in Title 57, Chapter 10, Article 9 and Title 57, Chapter 10, Article 7, Mississippi Code of 1972, in order to […]

§ 57-10-309. Mortgage or secured loans; issuance of bonds or notes

The corporation may make mortgage or secured loans, including, but not limited to, mortgage or secured loans insured, guaranteed or otherwise secured by the federal government or a federal governmental agency or instrumentality, a state agency or private mortgage insurers, to beginning farmers to provide financing for agricultural land and agricultural improvements or depreciable agricultural […]