The Illinois Young Farmer Guarantee Program (YFG) is a loan guarantee program designed to enhance credit availability for younger farmers who are purchasing capital assets. Loan funds may be used for new purchases of capital assets such as land, buildings, machinery, equipment, breeding livestock, soil and water conservation projects, etc. In some cases, up to 50 percent of the loan proceeds may be used to refinance existing debt as needed to improve lien positions. YFG Loans are made through conventional lenders; IFA will provide up to 85 percent guarantee of principal and interest on the loan made to a qualified borrower.