2013 CFED Scorecard

Financial Assets & Income

Outcome Measures

Income Poverty Rate

Asset Poverty Rate

Asset Poverty by Race

Asset Poverty by Gender

Asset Poverty by Family Structure

Liquid Asset Poverty Rate

Liquid Asset Poverty by Race

Liquid Asset Poverty by Gender

Liquid Asset Poverty by Family Structure

Extreme Asset Poverty Rate

Net Worth

Net Worth by Race

Net Worth by Income

Net Worth by Gender

Net Worth by Family Structure

Unbanked Households

Underbanked Households

Households with Savings Accounts

Consumers with Subprime Credit

Borrowers 90+ Days Overdue

Average Credit Card Debt

Bankruptcy Rate

Policy Priorities

Tax Credits for Working Families

State IDA Program Support

Lifting Asset Limits in Public Benefit Programs

Protections from Predatory Short-Term Loans

Additional Policies

Income Tax Threshold

Tax Burden by Income

Prize-Linked Savings

Paperless Payday

Trend Indicators

Change in Net Worth

Change in Asset Poverty

Change in Liquid Asset Poverty

Change in Consumers with Subprime Credit

Change in Average Credit Card Debt

Businesses & Jobs

Housing & Homeownership

Health Care

Education

CFED Assets & Opportunity Scorecard

Loans for Beginning Farmers

Reports & Graphics

Definition

States that have Aggie Bond Loan Programs for beginning farmers and ranchers, 2010. Aggie Bond programs provide beginning farmers and ranchers with low-interest loans for business start-up.

Description

Starting a farm requires high upfront costs that make agriculture start-ups cost prohibitive for many individuals. Federal legislation allows states to offer tax-exempt bonds through Aggie Bond programs, which provide beginning farmers with low-interest loans, bringing down the barrier to entry. Through these programs, states can assist beginning, first-time farmers and ranchers to purchase land, farm equipment, farm buildings and breeding livestock. Currently 17 states have active Aggie bond programs. These programs are targeted by limiting applicants’ farm size and by limiting the program to beginning farmers. Federal legislation has supported the expansion of this program in recent years by increasing the maximum loan amount and adjusting the amount for inflation.

For more information visit the National Council of State Agriculture Financing Programs.

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Loans for Beginning Farmers

StateAggie Bonds for beginning
farmer loan programs?
Alabama  Inactive 
Alaska   
Arizona   
Arkansas  Yes 
California   
Colorado  Yes 
Connecticut   
Delaware   
District of Columbia   
Florida   
Georgia  Inactive 
Hawaii   
Idaho   
Illinois  Yes 
Indiana  Yes 
Iowa  Yes 
Kansas  Yes 
Kentucky  Inactive 
Louisiana   
Maine   
Maryland  Yes 
Massachusetts   
Michigan  Inactive 
Minnesota  Yes 
Mississippi   
Missouri  Yes 
Montana  Yes 
Nebraska  Yes 
Nevada   
New Hampshire   
New Jersey   
New Mexico   
New York  Inactive 
North Carolina  Yes 
North Dakota  Yes 
Ohio   
Oklahoma  Yes 
Oregon   
Pennsylvania  Yes 
Rhode Island   
South Carolina   
South Dakota  Yes 
Tennessee   
Texas   
Utah   
Vermont   
Virginia   
Washington  Yes 
West Virginia   
Wisconsin  Inactive 
Wyoming   

Source

“Index of U.S. States’ Ag Finance Programs.” Des Moines, IA: National Council of State Agricultural Finance Programs, 2010. 

Copyright © 2013 CFED — Corporation for Enterprise Development 1200 G Street, NW Suite 400 Washington, DC 20005 202.408.9788

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