Agricultural Facilities Disaster Loans

Agricultural Facilities Disaster Loans, administered by the North Carolina Agricultural Finance Authority, assist agricultural property owners who have suffered property damage through natural disasters to repair or replace structures and return to their normal work routines as quickly as possible. They are designed to provide loans for damages often not covered by federal disaster funds.

Owners of farm structures at the time of actual damage due to a natural disaster whose losses qualify under a Governor's disaster-area designation or other adequately documented localized natural disaster. The applicant must be an individual or entity located in North Carolina that appears to be a legitimate farming operation, with losses not compensated by insurance or payments from other agencies and losses exceeding $1,000.00.

Loan limits. "Maximum loans of $40,000.00 for repairs to essential farm structures. Minimum loans will be $1,000.00."

Rate and term. "Maximum term of 10 years. Fixed interest rate for life of loan at 1.30 percent." NCDA&CS attaches its own footnote to that rate reading "valid through 12-31-14" — so treat the 1.30 percent as unconfirmed and get a current quote from the Agricultural Finance Authority before relying on it. The term and the loan limits carry no such footnote.

Fees. "The application fee is $75.00." "Loan processing fee of one (1) percent of face value of loan." "Direct costs for credit report and recording fees must be paid by borrower."

Security. "NCAFA's loans will be secured by a junior lien on real estate. The loan plus any prior debts on the security should not exceed estimated value of property. Security will generally consist of real estate and fixtures only. A Promissory Note and Deed of Trust will be executed in favor of NCAFA."

Loss threshold. The applicant must have "losses not compensated by insurance or payments from other agencies" and "losses exceeding $1,000.00."

No cost-share percentage or match applies — this is a repayable loan, positioned to cover "damages often not covered by federal disaster funds." Verified 2026-09-04.

Apply through the North Carolina Agricultural Finance Authority. Application fee $75.00; borrower pays direct costs for credit report and recording fees; loan processing fee of one percent of face value of loan. Terms: maximum term of 10 years; fixed interest rate for the life of the loan (the page lists 1.30 percent, noted as valid through 12-31-14); secured by a junior lien on real estate. Loan limits: maximum $40,000.00 for repairs to essential farm structures; minimum $1,000.00.