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North Dakota Allocates $100M in Additional Farm Loan Funding
The state's Industrial Commission boosts support for producers facing challenges like weather, costs, and low prices.
Mar. 17, 2026 at 2:20pm
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The North Dakota Industrial Commission has allocated an additional $100 million to support the Bank of North Dakota's 2026 Farm Financial Stability Loan Program, bringing total support for producers to $500 million. The program is designed to help farmers and ranchers facing an 'unusual convergence of challenges' including severe weather, high input costs, trade policy uncertainty, and low commodity prices.
Why it matters
This additional loan funding is critical for North Dakota's agricultural producers, who have been hit hard by a combination of factors outside their control. The state is stepping in to ensure farmers and ranchers have the financial support they need to get through the 2026 growing season.
The details
The 2026 Farm Financial Stability Loan Program offers producers with an operating shortfall in 2024 or 2025 loans to replenish working capital, term out operating carryover, or restructure existing term debts. The loans have a fixed interest rate of 3.75% for five years for the Bank of North Dakota's share, with the local lender's share not to exceed the bank's base rate plus 1%. Producers should consult with their local lender to apply for the program, which will close on June 30, 2026, or when funding is exhausted.
- The Industrial Commission allocated the additional $100 million on March 17, 2026.
- The 2026 Farm Financial Stability Loan Program application period will close on June 30, 2026.
The players
North Dakota Industrial Commission
The state government body that oversees the Bank of North Dakota and announced the additional $100 million in farm loan funding.
Bank of North Dakota
The state-owned bank that is administering the 2026 Farm Financial Stability Loan Program and Grain Inventory Loan Program to support producers.
Kelly Armstrong
The governor of North Dakota and chairman of the Industrial Commission.
Drew Wrigley
The attorney general of North Dakota and a member of the Industrial Commission.
Doug Goehring
The North Dakota agriculture commissioner and a member of the Industrial Commission.
What’s next
The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.
The takeaway
This additional $100 million in farm loan funding from the North Dakota Industrial Commission is a critical lifeline for the state's agricultural producers, who are facing an unprecedented combination of challenges that threaten their financial stability. By providing low-interest loans to help farmers and ranchers manage cash flow and restructure debt, the state is taking an important step to support its vital agricultural sector.
