Agricultural Marketing Loan Fund
The AMLF offers loans to Maine farms and aquaculture businesses for capital projects that improve production, infrastructure, and marketability of agricultural products.
Funder: Maine Department of Agriculture Conservation and Forestry
Due Dates: Rolling (submit eligibility form and apply within 90 days of eligibility letter)
Funding Amounts: Up to $250,000 per loan; interest rate is the federal prime rate or 5% (whichever is lower); 2% fixed for select Farms for the Future participants.
Summary: Provides financing for Maine agricultural and aquaculture businesses to improve operations, infrastructure, and product marketability.
Key Information: Construction projects are eligible only as "take-out financing" after completion.
Description
The Agricultural Marketing Loan Fund (AMLF) offers direct loans to agricultural and aquaculture businesses in Maine for projects that enhance farm viability, improve production, manufacturing, and marketability of agricultural products. Eligible uses include equipment purchase, farm building improvements, water source development, enterprise diversification, regulatory compliance expansions, pasture improvements, and climate change mitigation. Construction projects are supported as "take-out financing," meaning AMLF funds are disbursed only after project completion, replacing prior construction loans.
