Financial Assistance Programs | South Dakota Department of Agriculture

Financial Assistance Programs

For a quick overview of programs, eligibility criteria, maximum amounts, and deadlines click here.

Cattle and HayThe South Dakota Department of Agriculture (SDDA) in conjunction with the South Dakota Value Added Finance Authority (VAFA) offers financial assistance to South Dakota’s farmers and ranchers as well as value-added businesses.

The VAFA’s mission is to provide lower cost financing, which is achieved by acting as a conduit to issue federally tax-exempt bonds. The VAFA is a seven member board appointed by the Governor. The board usually meets the last Thursday of the month, providing timely approval of applications.

VAFA Meeting Agenda

The VAFA was formed in 1996 to issue tax exempt bonds for Beginning Farmers, Agribusinesses and Manure Management Facilities. The VAFA also administers a direct loan program for small, ag processing businesses. This program provides up to $150,000 at a low interest rate. The Value Added Sub Fund is also administered through VAFA and provides funding for agricultural development studies.

The programs through the SDDA work with your local lender to provide reduced interest loans and/or guarantees. Low interest participation loans are available for value added projects and livestock purchase participation loans and guarantees are available as well.

For information on Financial and Loan Programs contact:

Terri LaBrie, Finance Administrator
P: 605.280.4745

This institute is an equal opportunity provider and employer.

If you wish to file a Civil Rights program complaint of discrimination, complete the USDA Program Discrimination Complaint Form, found online at http://www.ascr.usda.gov/complaint_filing_cust.html, or at any USDA office, or call (866) 632-9992 to request the form. You may also write a letter containing all of the information requested in the form. Send your completed complaint form or letter to us by mail at U.S. Department of Agriculture, Director, Office of Adjudication, 1400 Independence Avenue, S.W. Washington, D.C. 20250-9410, by fax (202) 690-7442 or email at program.intake@usda.gov.