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625 Robert Street North, Saint Paul, MN 551552538 www.mda.state.mn.us Rural Finance Authority | 6512016316, MDA.BFTC@state.mn.usAPPLICATION INSTRUCTIONS2024 Minnesota Beginning Farmer Tax Credit Beginning
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Who needs rural finance authority 651-201-6316?

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Farmers and ranchers in rural areas who require financial assistance
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The Rural Finance Authority (RFA) is a state agency that provides financing options for rural residents and agricultural producers to support their economic development and promote sustainable farming practices.
Individuals and businesses engaged in agricultural activities seeking financial assistance or to report certain agricultural financial information are required to file the Rural Finance Authority form 651-201-6316.
To fill out the Rural Finance Authority form 651-201-6316, applicants must provide their personal and business information, details about their agricultural operations, financial statements, and any required supporting documentation as specified in the form instructions.
The purpose of the Rural Finance Authority form 651-201-6316 is to collect necessary information from agricultural producers to assess their eligibility for financial assistance programs aimed at fostering rural economic growth and sustainability.
The information that must be reported includes the applicant's identification details, farm business structure, financial health (such as income and expenses), and specific projects or needs for which financial assistance is sought.
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