Most of BND’s agriculture lending programs are initiated with the local financial institution. There are two exceptions to this: the Beginning Farmer Real Estate Loan and Established Farmer Real Estate Loan.
Ag Disaster Programs
Extreme weather conditions in North Dakota last year included drought, an extended cool spring, heavy rains in late summer and an early frost in November. BND officials met with stakeholders to assess the needs of agriculture producers in the state and have released two programs: the Ag Disaster Relief Loan Program and the Livestock Feed Loan Program.
Both programs may be accessed through a local lender. Applications for the Ag Disaster Relief Program are due by September 30, 2020. Applications for the Livestock Feed Program are due by June 30, 2020.
The Ag Disaster Relief Loan provides borrowers with the ability to carry over operating shortfalls, term debt payments, and to restructure existing debt, including BND’s Farm Stability Program. Learn more.
The Livestock Feed Program assists with feed costs for livestock producers who can establish an expected shortfall in the amount of feed needed to sustain existing breeding livestock and backgrounding livestock operation levels. Learn more
Ag PACE provides interest buydown on loans to farmers who invest in nontraditional agriculture activities that supplement farm income such as purchase of equipment and facilities, equity shares of an ag-processing business, irrigation equipment, capital improvements to a livestock feedlot, dairy operation or subsurface field tiling projects. Learn more
The Envest Loan may be used to purchase shares in start-up or expansion of ag processing businesses intended to process ND-grown products. Feedlot or dairy operations must feed a byproduct of ethanol or biodiesel facility. Learn more
The Farm and Ranch Participation Loan Program assists a financial institution with a borrower who wants to fund an ag-related activity including real estate, equipment, livestock and operating expenses. Learn more
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