MO Family Farms Look for Livestock Loans

1 decade 1 year 8 months ago Friday, March 31 2006 Mar 31, 2006 Friday, March 31, 2006 9:12:20 PM UTC March 31, 2006 in News
loading

Farmer Tony Whitehead raises 200 dairy cattle on the family farm.

"I'm in partnership with my dad, and grandfather at the time," Whitehead said. "And it's just between myself and my dad now."

Now, Whitehead said Missouri's proposed family farm bill would keep other generations in farming, too.

"Somebody's going to graduate high school or college and wants to come back home," he explained, "it's going to be making it a lot easier for them to borrow some money and maybe make a partnership with their parents or grandparents."

The bill's co-sponsor, Republican Rep. Maynard Wallace of Thornfield, said the bill could help family farms that have financial problems. His bill defines small farmers as Missouri residents with gross sales of less than $250,000 a year.

The bill gives eligible small farmers a year of zero interest when they take out a loan to buy breeding livestock. A family can borrow up to $75,000 for dairy or beef cattle, with lenders able to write off loans as tax credits.

With livestock interest rates at 5-7% a year, Whitehead said it's important to keep the business alive.

"You get in an equity position and it's a lot easier to go back to the bank and say, 'Here, look what I've done.'"

The Missouri House has passed the bill unanimously.

More News

Grid
List
COLUMBIA- The Missouri Attorney General's office is forming an advisory board to develop the first statewide program in Missouri that... More >>
7 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 12:22:00 PM UTC December 11, 2017 in News
COLUMBIA - The city plans to begin repairing base failures in the Thornbrook Subdivision beginning Dec. 11 at 8 a.m.... More >>
7 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 11:34:00 AM UTC December 11, 2017 in News
COLUMBIA – Monday is the final day to donate to Columbia Parks and Recreation’s Almeta Crayton Memorial Toy Drive. ... More >>
8 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 10:58:00 AM UTC December 11, 2017 in News
JEFFERSON CITY (AP) — Missouri Gov. Eric Greitens says he wants his five new appointees to the state veterans... More >>
8 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 10:50:00 AM UTC December 11, 2017 in News
COLUMBIA - UPDATE: 10:21 A.M. The Columbia Police Department said a male victim was found unconscious and not breathing at... More >>
11 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 7:34:00 AM UTC December 11, 2017 in Top Stories
COLUMBIA - Nearly four years ago to the day, local business owner Linda Bonebrake was diagnosed with severe sepsis at... More >>
1 day ago Sunday, December 10 2017 Dec 10, 2017 Sunday, December 10, 2017 6:47:00 PM UTC December 10, 2017 in Continuous News
JEFFERSON CITY - Bird lovers got an up close look at birds typically seen in their backyards Sunday. It... More >>
1 day ago Sunday, December 10 2017 Dec 10, 2017 Sunday, December 10, 2017 5:36:00 PM UTC December 10, 2017 in News
COLUMBIA - Museums around Columbia hosted docent led tours Sunday, spreading awareness about their exhibits and art collections. Docents are... More >>
1 day ago Sunday, December 10 2017 Dec 10, 2017 Sunday, December 10, 2017 3:59:00 PM UTC December 10, 2017 in Continuous News
COLUMBIA - 2017 will mark the 140th Christmas the historic Maplewood House has seen from its home in south Columbia.... More >>
1 day ago Sunday, December 10 2017 Dec 10, 2017 Sunday, December 10, 2017 3:54:00 PM UTC December 10, 2017 in News
COLUMBIA - MU Police Department, MU Greek Life, local businesses and residents made Operation Steal Back Christmas a huge success.... More >>
1 day ago Sunday, December 10 2017 Dec 10, 2017 Sunday, December 10, 2017 3:31:00 PM UTC December 10, 2017 in News
SPRINGFIELD, Mo. (AP) — After more than 20 years of providing resources and activities for home schooling, a southwest Missouri... More >>
1 day ago Sunday, December 10 2017 Dec 10, 2017 Sunday, December 10, 2017 11:38:00 AM UTC December 10, 2017 in News
COLUMBIA, Mo. (AP) — Jordan Geist, a role player known most for his scrappy style, scored 28 points Saturday night... More >>
1 day ago Sunday, December 10 2017 Dec 10, 2017 Sunday, December 10, 2017 9:39:00 AM UTC December 10, 2017 in News
COLUMBIA- Alyssa Schell joined the University of Missouri Police Department as a dispatcher in February, excited to be living out... More >>
1 day ago Sunday, December 10 2017 Dec 10, 2017 Sunday, December 10, 2017 9:28:00 AM UTC December 10, 2017 in News
CENTRALIA - A husband, wife and visiting grandchildren escaped a Saturday night house fire in Centralia, fire officials said. ... More >>
1 day ago Sunday, December 10 2017 Dec 10, 2017 Sunday, December 10, 2017 1:36:00 AM UTC December 10, 2017 in News
KANSAS CITY (AP) — Police in Kansas City, Missouri, say an 8-year-old boy has died after being hit by a... More >>
1 day ago Saturday, December 09 2017 Dec 9, 2017 Saturday, December 09, 2017 11:35:21 PM UTC December 09, 2017 in News
COLUMBIA - Students, staff and community members volunteered at University Village this morning to create a community garden, with the... More >>
1 day ago Saturday, December 09 2017 Dec 9, 2017 Saturday, December 09, 2017 9:41:00 PM UTC December 09, 2017 in News
COLUMBIA - Columbia provides plenty of Christmas experiences for families to enjoy, but Columbia Access Television (CAT) offered a unique... More >>
2 days ago Saturday, December 09 2017 Dec 9, 2017 Saturday, December 09, 2017 3:38:00 PM UTC December 09, 2017 in News
JEFFERSON CITY - When Hurricane Harvey struck Texas, the Patrick family watched news reports about the damage from their home... More >>
2 days ago Saturday, December 09 2017 Dec 9, 2017 Saturday, December 09, 2017 3:25:00 PM UTC December 09, 2017 in News
Columbia, MO
Broken Clouds 53°
2pm 55°
3pm 54°
4pm 51°
5pm 49°

Select a station to view its upcoming schedule:

Coming Up Next

1:00p
Days of Our Lives
2:00p
The Dr. Oz Show
3:00p
Dr. Phil
1:00p
Maury
2:00p
Maury
3:00p
The Robert Irvine Show

Tonight's Schedule

7:00p
The Voice
9:01p
Better Late Than Never
7:00p
Penn & Teller: Fool Us
8:00p
Valor
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld