Or. Admin. Code § 274-020-0322

Current through Register Vol. 63, No. 11, November 1, 2024

Section 274-020-0322 - Requirements for Farm Applicants

(1) Must complete the Department's farm income, experience, and expense form.

(2) Must have capital or an equivalent line of credit to cover development costs and one year's operating cost.

(3) Must show, to the satisfaction of the Director, that the farm portion of the loan security is capable of producing an annual income that will repay the loan allocated to the farm land and farm buildings.

Or. Admin. Code § 274-020-0322

DVA 20-1982, f. & ef. 9-15-82

Stat. Auth.: ORS 406 & ORS 407

Stats. Implemented: ORS 407.205, ORS 407.265 & ORS 407.385