A 50-million-dollar injection for the state agency that makes loans to farmers cleared its first Minnesota Senate committee Monday afternoon, and a House panel debates the measure this morning (8am).   Ag groups warn the Rural Finance Authority is running out of money, and Stu Lourey with Minnesota Farmers Union says that creates problems for those like a Blue Earth County family transitioning the farm to their daughter:

“Trying to cobble together financing, like right at this moment, and RFA could be that kind of critical piece for that family and be the difference between whether she’s able to continue farming and building equity and someday taking over her family’s operation.”

Lourey told lawmakers there’s precedent for passing R-F-A funding early in the legislative session, independent of a bonding bill.