The Louisiana Agricultural Finance Authority was established in 1983 by the Louisiana Legislature to address the lack of capital and credit available for investment in agriculture, both domestically and for export purposes. Its purpose is to provide financial resources to individuals engaged in agricultural production and export, with the aim of transforming Louisiana into an exporter of high-value processed agricultural products and boosting the state's economic standing.
The authority consists of nine members and holds an estimated three meetings per year. While members do not receive per diem, salaries, or travel expense reimbursements, the entity does receive and expend funds. It is not included within a budget unit of the State of Louisiana and does not participate in state employee benefit programs.
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