Or. Admin. Code § 274-020-0322 - Requirements for Farm Applicants
(1) Must complete the Department's farm
income, experience, and expense form.
(2) Must have capital or an equivalent line
of credit to cover development costs and one year's operating cost.
(3) Must show, to the satisfaction of the
Director, that the farm portion of the loan security is capable of producing an
annual income that will repay the loan allocated to the farm land and farm
buildings.
Notes
Stat. Auth.: ORS 406 & ORS 407
Stats. Implemented: ORS 407.205, ORS 407.265 & ORS 407.385
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