Section 763.6 - Limitations(a) To qualify for a guarantee, the purchase price of the farm to be acquired through the land contract sale cannot exceed the lesser of:(2) The current market value of the property.(b) A guarantee will not be issued if the appraised value of the farm is greater than $500,000.(c) Existing land contracts are not eligible for the Land Contract Guarantee Program.(d) Guarantees may not be used to establish or support a non-eligible enterprise.