» Four persons who are knowledgeable about agricultural lending practices;

» One person who is a representative of agricultural businesses;

» One person who is a representative of agriculture related entities, including rural chambers of commerce, foundations, trade associations, institutions of higher education, or other entities involved in agricultural matters; and

» Two persons who represent young farmers and the interests of young farmers. 

 » Establish rules for governing the:

- Agricultural Loan Guarantee Program (ALG)

- Interest Rate Reduction Program 

- Rural Economic Development Finance Program

- Young Farmer Grant Program (YFG)

» Establish selection criteria for grant applications, lenders and borrowers.

» Perform annual audits of TAFA financial records and accounts.