An official website of the State of North Dakota

Bank of North Dakota

Home » 2026 Farm Financial Stability Loan Program
Print

The 2026 Farm Financial Stability Loan Program will provide below-market interest rates and extended terms to North Dakota farmers and ranchers who have been impacted by low commodity prices, weather, and/or high input costs. BND has set aside $300 million for the program. Funds will be allocated on a first-come basis until the pool is used. Click here to download the 2026 Farm Financial Stability Loan Program Fact Sheet.

Completed applications will be accepted from the lead lender December 9, 2025 at 12 p.m. CT, through June 30, 2026, or until the program maximum is reached.

BND offers these loan programs by partnering with local lenders. Please contact your local lender to initiate the loan application with Bank of North Dakota.

Applications will be accepted December 9, 2025 – June 30, 2026.

If you have any questions, contact us or call (701) 328-5795.

Completed applications will be accepted from the lead lender December 9, 2025 at 12 p.m. CT, through June 30, 2026, or until the program maximum is reached.

Bank Participation Loan Application (PDF)

To ensure proper functionality, BND forms MUST be downloaded and then opened with your system’s PDF application. Click here for download instructions.

If you are not able to access a PDF, please contact us for assistance.

The borrower must be a North Dakota resident whose principal occupation is farming or ranching. Evidence of operating shortfall in 2024 or 2025 or a decline in net worth between 2023-2024 or 2024-2025 must be provided, or the borrower must have an existing 2024 Ag Disaster Relief Loan. The borrower must demonstrate the ability to repay and have an operating line approved for 2026.

The loan may be used to replenish working capital, term out operating carryover, or restructure existing term debts including the 2024 Ag Disaster Relief Loan.

The BND participation amount may be up to 75 percent of a chattel or real estate loan.

BND’s participation may not exceed $3,000,000 on chattel or $6,000,000 on real estate. 

BND Interest Rate:

  • The interest rate on BND’s portion will be fixed at 3.75% for five years. BND to net 3.50%. The lead lender will retain a 0.25% service fee.
  • The interest rate charged on the lead lender’s share of the loan may be variable or fixed but may not exceed BND’s Base Rate plus 1.00%.

BND Fees: BND will receive a $250 origination fee.

Maximum loan to value (LTV): 75% on chattels and 80% on bare farm real estate plus 50% on improvements. Lead lender and BND to hold a shared first lien on chattels or a mortgage position on farm real estate.

Up to two years of interest only payments may be allowed. Following the interest only period, principal and interest may be based on up to the maximum amortizations noted below.

Chattel: Up to a 10-year amortization with up to a 5-year balloon
Real estate: Up to a 25-year amortization with up to a 5-year balloon

  • Payments shall be made no less frequently than on an annual basis.
  • Loan will not have a default interest rate.
  • Loan will not have a prepayment penalty.
  • Payments must be applied to interest first, then principal, and then any outstanding fees.