Georgia Agricultural Development Authority

WHAT GADA DOES The Georgia Agricultural Development Authority was created in 1953 by the Georgia Legislature to help develop opportunities for Georgia farmers. Currently, GADA makes loans to benefit the agricultural community of Georgia. Whether you are just beginning to farm or you are ready to launch your agribusiness, GADA has a plan to help you reach your goals. ADVANTAGES Top dollar loan on the security offered. GADA does not interfere with your farming operations. Loan officers are specialists in farm lending. Certified appraisers establish the present-day value of the farm. Fast closing service! Low closing costs! Title work done by an attorney of your choice. No cost to State or Federal Government. Easy to obtain timber or other releases. No stock to buy. ELIGIBILITY First mortgage on farm real estate as collateral. You do not have to live on the farm to qualify. Loans made to full or part-time farmers. Loans made on timber or crop land. LOAN PURPOSES Buy land. Irrigation equipment and wells. Build or repair farm buildings. Purchase machinery and equipment. Build farm ponds. Education of children. Establish permanent pastures. Establish beef, dairy or swine herds. Refinance debts. Specialized building for dairy, poultry, swine or beef enterprises. REPAYMENT PLANS Fixed or variable rate. Up to 20-year amortization, variable interest rate based on prime rate, adjusted annually. Simple interest charged only for days you use the money. Payment scheduled to fit farm income. Extensions may be granted on payments if needed. Loans may be refinanced if necessary. The Georgia Agricultural Development Authority's mission is to create opportunities for Georgia farmers by serving as the primary agricultural lending alternative. Here at GADA, we strive to help Georgia farmers create better opportunities for themselves and their agribusiness by providing insured farm loans to qualified applicants. We also provide scholarships to assist our younger generation of farmers to help ensure a bright future in Georgia's agriculture. In addition, by providing insured farm loans to farmers in the state of Georgia local revenue is boosted which allows Georgia's economy to rise.