Agricultural Finance Authority

Name Agricultural Finance Authority
Contact Person Mr. Nicholas Cole - Director
Mailing Address 5825 Florida Blvd
Suite 1002
Baton Rouge, LA 70806
Phone Number 225-952-8074
Fax Number --
Board Email nicholasc@ldaf.state.la.us
Website --
Legal Authority RS 3:264
Year Created 1983
Organizational Placement Department of Agriculture and Forestry
Purpose/Function In 1983, the Louisiana Legislature formed the Louisiana Agricultural Finance Authority to address a serious lack of capital and credit available for investment in agriculture, for domestic and export purposes, at interest rates within the financial means of persons engaged in agricultural production and export. The legislature also found that to convert Louisiana from an exporter of raw agricultural products into an exporter of processed products of high added value and to expand the state's economic standing.
Number of Entity Members: Number Authorized: 9
Number Currently Serving: 9
Number of Entity Meetings: Actual number in prior year: 3
Estimated number in current year: 4
The Entity is:
Active   Inactive   Not fully organized   Disbanded   Never fully organized
Do members receive per diem, salaries, and/or travel expense reimbursements?
Yes   No
Excluding member per diem, salaries, and travel expense reimbursements, does the entity receive or expend funds?
Yes   No
Entity Member Per Diem:
  Amount Authorized: $0      per meeting   per meeting day   per day spent on board business   None

Total entity member per diem:
  Prior year actual: $0.00
  Current year budgeted: $0.00
Entity Member Salaries:
  Prior year actual: $0.00
  Current year budgeted: $0.00
Entity Member Travel Expense Reimbursement:
  Prior year actual: $0.00
  Current year budgeted: $0.00
Number and Type of Authorized Employee Positions:
Classified: 0
Unclassified: 0
Part-time: 0
Entity Fiscal Year End:
4/30         7/31         10/31         Other (identify date)
6/30         9/30         12/31         None
Participation in State Employee Benefit Programs:
    Employees:
       participate in state retirement system(s) and/or state group insurance program(s)
       do not participate in state benefit programs

    Members:
       participate in state retirement system(s) and/or state group insurance program(s)
       do not participate in state benefit programs
A state agency provides: (Check all that apply and identify the state agency)
Per Diem Payments          State Agency:
Travel Reimbursements    State Agency: Louisiana Department of Agriculture & Forestry
Other (explain)    State Agency:
Is this entity a budget unit or included within a budget unit of the State of Louisiana as defined by LSA-R.S. 39:2?
   Yes    No
  If yes, identify the budget unit and the budget schedule number below:
  Budget Unit Name:
  Budget Schedule Number:
Notes --
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