Rule 4.14.305 - APPLICANT ELIGIBILITY(1) Basic program applicant eligibility requirements are: (a) The beginning farmer/rancher must be a minimum of 18 years of age;(b) The beginning farmer/rancher must be a resident of Montana at the time the loan is closed;(c) The beginning farmer/rancher must have documented, to the satisfaction of the financial institution and the authority, sufficient education, training and experience for the anticipated farming/ranching operations for which the loan is sought; and(d) The beginning farmer/rancher must, as a condition of loan closing, demonstrate to the satisfaction of the financial institution and the authority, access to the following as may be needed: adequate working capital, farm/ranch machinery, livestock and agricultural land.NEW, 1984 MAR p. 363, Eff. 3/1/84; AMD, 1984 MAR p. 1752, Eff. 11/30/84; AMD, 1985 MAR p. 1016, Eff. 7/26/85; AMD, 2001 MAR p. 1723, Eff. 9/7/01; AMD, 2008 MAR p. 2265, Eff. 10/24/08.80-12-103, MCA; IMP, 80-12-203, 80-12-204, MCA;