The purpose of the Agribusiness Bond Program is to assist in the development and expansion of agricultural and business enterprises within the State of South Dakota. The South Dakota Economic Development Finance Authority issues tax-exempt bonds and/or notes which the borrower may sell and use the proceeds to finance qualified projects that meet state and federal requirements. The borrower pays the interest and principal directly back to the purchaser or Trustee. The program enables agricultural businesses involved in manufacturing, including ag processing, to save on interest by using federally tax-exempt bonds for up to $10 million. Use of funds: fixed assets.
Eligibility
Agricultural and business enterprises within the State of South Dakota, including agricultural businesses involved in manufacturing and ag processing. Projects must meet state and federal requirements. Use of funds: fixed assets.
Details
Financial Instrument
Loan
Maximum Award Amount
$10,000,000
Application Instructions
Complete the Agribusiness Bond Program Application (available from SDGOED). Contact the South Dakota Governor's Office of Economic Development.
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Updated September 4, 2026
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