For a quick overview of programs, eligibility criteria, maximum amounts, and deadlines click here.
The 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.
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 $250,000 at a low interest rate.
The Value Added Sub Fund is also administered through VAFA and provides funding for agricultural development studies. The VAFA board can also commission a study if it determines that doing so may avoid duplication of effort or serve an unmet need. The list below identifies these board commissioned studies. A copy of the study may be obtained by contacting the department or the contact person listed on this page.
Feed Mill Study
Dairy Processing in the Dakotas
County Site Analysis Program
A study of the livestock industry in eastern South Dakota and capacity for feed mills to support the growing industry.
A study of the dairy industry in North Dakota and South Dakota to look at capacity and processing opportunities.
South Dakota Corn and South Dakota Pork
The State of North Dakota and the Governor's Office of Economic Development.
- Agribusiness Bond
- Beginning Farmer Bond
- Livestock Nutrient Management Bond
- Value-Added Agribusiness Relending Program
- Value-Added Sub Fund
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.
- Livestock Loan Participation
- Rural Development Agricultural Loan Participation
- Value-Added Livestock Underwriting (VALU) Guaranty
- Bridge Loan
For information on Financial and Loan Programs contact:
Terri LaBrie, Finance Administrator
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 email@example.com.