North Dakota's federal "aggie bond" program, administered by Bank of North Dakota, providing tax-exempt financing that lets first-time farmers and ranchers acquire agricultural property at a negotiated tax-exempt interest rate.
Eligibility
First-time farmers/ranchers with a net worth of $1.5 million or less.
Terms
Up to $543,800 for land and improvements (of which up to $250,000 may be for improvements/equipment, and up to $62,500 for equipment only). $100 application fee plus a 1% loan fee. This is a federal tax-exempt "aggie bond" — a separate authority from other state first-time-farmer programs.
Application Instructions
Apply through Bank of North Dakota's aggie-bond process, typically in coordination with a local lender.
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Updated September 1, 2026
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