The federal Aggie Bond Loan Program began in 1980 as a cost-effective way for states to help first-time farmers. Aggie Bonds are established through a federal-state partnership that allows private lenders to receive federal and/or state tax-exempt interest on loans made to beginning farmers. Aggie Bond programs are generally run by the state agriculture department or similar authority.
Federal Aggie Bonds Program Authorization Statute
Statutes and Ordinances
Level of Government
Agricultural Economic Development, Beginning Farmers, Farmland Affordability
26 U.S.C. § 147 (2013).