Livestock Retention/Improvement Programs
In order to position North Dakota farmers and ranchers to survive in today's agricultural climate, Bank of North Dakota offers assistance to livestock producers with the following programs:
The Ag PACE Program provides incentive financing to encourage North Dakota farm families to:
- Purchase equity shares issued by a new or expanding value added agricultural processing facility
- Develop irrigated acreage
- Develop a business that can be integrated into the farming operation
- Improve or expand finishing facilities for livestock retention
- Purchase capital improvements for dairy operations
- Purchase equity shares in a condominium storage facility
Qualifying borrowers will receive an interest buy down that can reduce the interest rate by up to 5%. This buy down can amount to an interest savings of approximately $20,000 per biennium with a lifetime cap of $60,000. An additional $20,000 of interest buy down is available for funding the purchase of irrigation equipment on new irrigated acreage.
Family Farm Loan Program allows up to $400,000 at below-market rates to finance or refinance equipment, livestock or real estate purchases.
The ENVEST Program provides a below market interest rate for North Dakota farmers and businessmen to purchase shares in start-up or expanding agricultural processing facilities.
Interest buy down up to 5% is available to purchase equity shares in a North Dakota feedlot or dairy operation that feeds a byproduct of an ethanol or biodiesel facility.
The Livestock Waste Management System Loan Program provides low interest financing to livestock producers for installing waste management facilities.
The Beginning Farmer Chattel Loan Program may be used by a Beginning Farmer to purchase livestock and/or equipment. A Beginning Farmer is someone who has not been farming for more than 15 years, whose net worth is less than $500,000, and whose principal occupation is or will be the production of an agricultural commodity on a family farm.
The Biofuels PACE Loan Program may be used for livestock operations located in North Dakota that feed, handle, milk, or hold livestock with part of its operation using a byproduct produced at a biodiesel or an ethanol production facility.
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
