The Loan Participation Program (LPP) was established in 1996 to assist low income farmers secure loans and make down payments. The Iowa Agricultural Development Division's (IADD) participation can be used to supplement the borrower’s down payment, thereby helping a farmer secure a loan more readily. The lender’s risk is also reduced since the IADD provides a "last-in/last-out" loan participation for the financial institution.
Iowa Loan Participation Program
State Beginning Farmer Loan Programs