The Council of Development Finance Agencies (CDFA) is pleased to announce that Senators Brown (D-OH) and Ernst (R-IA) have introduced the Modernizing Agricultural and Manufacturing Bonds Act (MAMBA) in the U.S. Senate as S. 2723. MAMBA would...

CDFA's Modernizing Agricultural and Manufacturing Bonds Act was introduced as H.R. 3787 in the U.S. House of Representatives with bipartisan support by Rep. LaHood (R-IL), Kildee (D-MI), Feenstra (R-IA), and Evans (D-PA).

A new report from Croatan Institute highlights how the Soil Wealth Area model can facilitate more investment in regenerative agriculture, enhance conservation, and support resilient rural economies. The report provides specific recommendations for...

Linking development finance and food systems can be a daunting undertaking for any community. Research on the current ecosystem of food systems finance has positioned CDFA to identify key strategies for the path ahead in this work. The Food Systems...

The CDFA Annual Volume Cap Report provides an overview of volume cap trends and how private activity bonds (PABs) were used from state to state. The 2019-2020 Annual Volume Cap Report is the most comprehensive analysis of PAB volume cap trends and...

The Resilience in New Mexico Agriculture Strategic Plan provides broad recommendations are coupled with specific, actionable strategies. The implementation of this plan is critical to achieving greater agricultural and natural resource resiliency,...

In 2018, the 50 states and the District of Columbia received $37.1 billion in new volume cap allocation, an increase of nearly $1.8 billion from 2017. Total private activity bond issuance slightly decreased from $24.86 billion in 2017 to $24.14...

Established in the 1980s, the ‘‘Aggie Bond’’ program provides beginning and low-equity farmers with access to capital. The bonds, which pay tax-exempt interest, may be used by qualifying famers for purchases of farm real estate and equipment. The...

Researched and written by CDFA, this is the third white paper in a series examining the potential creation of a food systems asset class that supports the market growth of local and regional food systems. This paper focuses specifically on bond...

In 2017, the 50 states and the District of Columbia received $35.3 billion in new volume cap allocation, an increase of $205.3 million from 2016. Even though total volume cap capacity was lower in 2017, total private activity bond issuance increased...

In 2016, the 50 states and the District of Columbia received $35.14 billion in new volume cap allocation, an increase of $263 million from 2015. Total private activity bond issuance in 2016 increased from 2015, climbing from $12.98 billion to $20.38...

Harvey Rogers described the current bond market in Oregon and explored bond financing case examples which prove their effectiveness in addressing critical infrastructure needs.

New volume cap allocation in 2015 totaled nearly $34.88 billion for the 50 states and District of Columbia, an increase of one percent over the previous year. Combined with more than $58.48 in existing carryforward allocation, the total accessible...

In 2014, the 50 states and the District of Columbia received more than $34.5 billion in new volume cap allocation, an increase of 5.5 percent from 2013. This was in addition to more than $59.1 billion in existing carryforward allocation, making the...

In this presentation, Gray Smith, President and CEO of the Chester County Economic Development Council, examines rural financing strategies. Aggie Bonds are explained in detail, including eligibility and the application process.

The year 2013 marked the third straight year of decline for total issuance, from a recent high point of more than $14.5 billion in 2010 to a low point of $8.8 billion in 2013. The 50 states and the District of Columbia received $32.7 billion in new...

The Illinois Finance Authority administers the Beginning Farmer Bond program increasing access to agricultural business for entrepreneurs and new farmers. The program summary provides essential program details.

Program summary released by Bank of North Dakota describes the NDFTFFP aimed at helping first time farmers acquire agricultural property via tax-exempt bonds.

Oklahoma State Bond Advisor released their 2011 annual report with detailed information about bond rating, performance, and projects.

This brochure from the Illinois Finance Authority provides information on all of the bond and lending tools the state provides to support farmers and agribusinesses.

The Pennsylvania Dept. of Community & Economic Development published this bulletin revealing the state's 2012 tax-exempt bond allocation for small issues, agriculture, exempt facilities, education, and housing.

The Pennsylvania Dept. of Community & Economic Development produced this year-end report covering private activity bonds subject to volume cap in the state. Issuance and carryforward are reported for industrial development, exempt facilities,...

The CDFA Bond Finance Resource Center is a one-stop hub for all of the resources, reports, headlines, and projects that CDFA collects and publishes related to bond finance. Find links to resource tags, market reports, original research, upcoming...

In this document produced by the Office of Chief Counsel (Income Tax & Accounting) you will find the approved 2011 Aggie Bond Limit for first time farmers as well as various other 2011 adjusted revenue items.

The amount used under to calculate the state ceiling for the volume cap for private activity bonds in 2011, as announced in this IRS Revenue Procedure release, is the greater of $95 multiplied by the state population or $277.820 million. In 2010,...

Gary Smith, CEO/President of the Chester County Industrial Development Authority in Pennsylvania discusses the Next Generation Farmer Loan Program. His presentation gives a brief history of the program, an explanation of Aggie Bond programs and an...

This article examines the tax-exempt, beginning farmer agricultural development bond program.

Information and resources about “Aggie Bond” programs, which coordinate the use of federal tax-exempt bonds to be able to offer eligible beginning farmers and ranchers lower interest rate financing from Communicating for Agriculture.

CDFA Fact Sheet covering the basic overview of Aggie Bonds with resources and links for more detailed information.