Beginning and Established Farmer-Rancher Financing Programs

Any farmer or rancher will tell you that the business of agriculture is more difficult today than it has ever been. The challenges to the young or beginning farmer are even greater. To meet those challenges, Bank of North Dakota (BND) offers a number of farm loan programs that make financing more affordable and easier to access.

BND provides direct financing of farm real estate through the following:

Beginning Farmer Loan Programs allow up to $400,000 to finance real estate purchases and an additional $400,000 to finance chattels at below-market interest rates.
The First Time Farmer Finance Program is administered through BND as well. The program provides funding to purchase farm real estate or equipment at a tax-exempt rate. No more than $250,000 of the $470,100 aggregate loan amount can be used for Agricultural improvements and Depreciable Agricultural Chattel Property. In addition, within the $250,000 limitation, no more than $62,500 can be used for Depreciable Agricultural Chattel Property.
Established Farmer Real Estate Loan Program allows up to $1,000,000 to finance real estate debt over an extended term with competitive fixed and variable interest rates.

In participation with a local financial institution, BND offers:

Farm Operating Loan Program allows up to $400,000 at below-market rates to fund annual operating expenditures.
Family Farm Loan Program allows up to $400,000 at below-market rates to finance equipment, livestock or real estate purchases.
The Farm and Ranch Bank Participation Loan Program total loans at any one time to a single borrower may not exceed 15% of BND's total capital. BND will consider a broad range of loan applications.

For more information please contact us at:

Bank of North Dakota
1200 Memorial Hwy
PO Box 5509
Bismarck, ND 58506-5509
(701) 328-5624
1-800-472-2166 ext. 5624
TDD (Telephone Device for the Deaf) 1-800-643-3916