OAR 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.