A Bank of North Dakota participation loan helping beginning farmers and ranchers purchase equipment or livestock (chattel) at a reduced interest rate.
Eligibility
Beginning farmers/ranchers who have been farming for 15 years or fewer and have a net worth under $1.5 million. Arranged through the borrower's local lender.
Terms
Lifetime cap of $750,000. Seven-year term. Fixed interest rate 1.00% below BND's base rate (maximum 6.00%) for the first five years.
Application Instructions
Apply through a partnering local lender, which submits the participation request to BND.
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Updated September 1, 2026
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