An official website of the State of North Dakota
Bismarck, N.D. (November 25, 2025) – The Industrial Commission on Nov. 25, 2025, announced two new agriculture relief initiatives to support agriculture producers: the 2026 Farm Financial Stability Loan Program and the 2026 Grain Inventory Loan Program. The programs were offered through Bank of North Dakota (BND), and ag producers were encouraged to consult with their local lender, who handled the application process which opened in December 2025 and closed by end of March 2026.
Producers were facing an unusual convergence of challenges including the severe weather of summer 2025, high input costs, trade policy uncertainty, and low commodity prices – all leading to increased financial stress across the agriculture sector.
“Agriculture is a foundational pillar of North Dakota’s economy,” said the Industrial Commission in a joint statement at the time. The Industrial Commission, comprised of Gov. Kelly Armstrong as chairman, Attorney General Drew Wrigley and Agriculture Commissioner Doug Goehring, oversees BND. “These programs provide the confidence producers need to plan for the 2026 season in these uncertain times.”
The 2026 Farm Financial Stability Loan Program was designed for ag producers with an operating shortfall in 2024 or 2025, and could be used to replenish working capital, term out operating carryover or restructure existing term debts. Loans were at a fixed interest rate of 3.75% for five years for BND’s share. The local lender’s share of the loan could not exceed BND’s Base Rate plus 1.00%. BND set aside $300 million for the program.
The 2026 Grain Inventory Loan Program was for North Dakota ag producers to provide short-term financing of remaining grain inventory. BND provided funds with a variable interest rate at 0.75% below its Base Rate which was determined at the time of funding. The local lender’s share of the loan could not exceed BND’s Base Rate plus 1.00%. BND set aside $100 million for this program.
“BND is committed to supporting our ag producers as they navigate these rapidly changing times,” stated BND President/CEO Don Morgan in November 2025. “Local lenders know their producers best, and partnering with them ensures these programs reach the people who need them. Their insight has been invaluable in shaping both loan offerings.”
To access either of the loan programs, producers contacted their local lender to submit an application.