Alabama Agricultural Development Authority


The Alabama Agricultural Development Authority (AADA) has monies available for Alabama cattlemen and farmers to assist in agricultural efforts through low interest loan programs. The loan programs require credit checks, repayment within 3 to 4 years, and must be fully collateralized.

Construction of improved working facilities for use on farms and ranches in Alabama. Enables increased efficiency in handling cattle along with better monitored herd health and improved production practices. Plan must receive approval prior to the start of construction. Loans are limited to a maximum of $20,000 based on need and complexity of layout. Loans require a 3 year payback at 3% simple interest.

Enables Alabama farmers to buy bulk commodities and subsequently realize feed cost savings. Three loan category amounts ($7,500, $15,000 and $22,500) with 3% interest and 3 year payback. Application required along with field inspection prior to loan being made.

Provide financial assistance for the construction of an approved new structure for use on farms in Alabama. Access to an equipment shed enables a farmer to protect equipment and subsequently receive substantial economic benefits and improved operational characteristics. Equipment shed plans must meet certain standard criteria with said plans required to be reviewed and approved by an AADA representative prior to start of construction.  Up to $35,000 can be borrowed depending on structure size, actual construction materials, and verifiable cost receipts. Loans are funded at 3.5% for 5 years.  

Provide financial assistance for construction of approved new hay barns for Alabama cattlemen. Access to a hay barn enables farmers to store hay under cover and subsequently receive significant economic benefits and improved hay quality. Hay barn plans must meet standard criteria with required field inspection prior to loan being funded. Either a $12,500 (40' x 60' barn) or $25,000 (50' x 100' barn) loan is available based on need and herd size. Loans are funded at 4% for 4 years.

Low interest loan program for Alabama fruit, vegetable, and nut producers to provide financial assistance to aid with the cost of irrigation on farms in Alabama. Irrigation System plans must meet certain standard criteria with said plans to be reviewed and approved by an AADA representative prior to purchase and/or start of installation. Allowable funding of the direct cost is limited to a negotiable maximum amount, subject to an approved loan amount to be verified by actual receipts. Loans are for a maximum of 4 years at a 3 1/2% interest rate.