Definitions
Young Borrower: A farmer, rancher or producer or harvester of aquatic products age 35 or younger as of the loan transaction date.
Beginning Borrower: A farmer, or rancher or producer or harvester of aquatic products who has ten or less years of farming, ranching or aquatic experience as of the loan transaction date.
Small Borrower: A farmer, rancher or producer or harvester of aquatic products who normally generates less than $250,000 in annual gross sales of agricultural or aquatic products. |