Montana Junior Agriculture Loan Program

The Montana Junior Agriculture Loan Program was developed to assist and encourage members of agricultural youth organizations in financing agricultural projects. Projects can involve crop and livestock production, custom farming, marketing and distribution, processing, and other financially feasible activities. Loans are made from the assets of the Agricultural Finance Program. Program support and technical assistance are provided by the Montana State University Extension Service, Montana agricultural educators, and private financial institutions.

By providing financial encouragement to young men and women to establish and expand agricultural projects, the program aims to:

• Foster the interest of young people in agriculture, thereby preserving Montana's agricultural future;

• Provide financial experience and training through personal involvement;

• Build experience and equity in agriculture to provide a foundation for future vocations; and

• Provide support to Montana agriculture education and Extension Service youth programs.

Active members of FFA, 4-H and other recognized agricultural youth organizations are eligible for this program. The Montana Department of Agriculture may also make direct loans to youths unable to participate as members of such organizations. Parents or guardians must be willing to cooperate with prospective borrowers and have ample facilities available to provide for the project. Applicants should be between the ages of nine and 21, Montana residents, and citizens of the United States.

The amount of a loan depends on the project, but cannot exceed $3,500 for applicants ages 9-11, or $8,500 for applicants ages 12-21. Applicants may refinance loans, providing they still qualify and do not exceed the $8,500 maximum. More than one family member may qualify for individual loans. Individuals may borrow up to 90% of the total first year cost of a project. Loan repayments periods can be one to five years, depending on the project. Payments are usually made annually. Additional terms, as well as information about the Local Loan Committee, are detailed below under the Loan Terms & Application tab, or download the Montana Junior Agriculture Loan Program Loan Terms & Application.

Application forms are available from the department, agricultural education instructors, and county extension agents, or can be downloaded here.

Mail your completed application to:

Montana Department of Agriculture

P. O. Box 200201

Helena, Montana 59620-0201 

Applications must be approved by the local loan committee, with final approval determined by the Montana Department of Agriculture Loan Committee. A written summary of past experience or education relating to the proposed project must accompany the application. A map showing directions to the applicant's farm or ranch is also required with the application.

• Montana Junior Agriculture Loan Program: Loan Terms & Application

• Montana Junior Agriculture Loan Program: Application Instructions & Forms