North Dakota Expands $100M in Farm Loan Funding

State leaders add to financial stability program to support producers facing challenges

Apr. 1, 2026 at 1:27am

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The North Dakota Industrial Commission has approved an additional $100 million in funding for the Bank of North Dakota's 2026 Farm Financial Stability Loan Program, bringing the total support available to producers to $500 million when combined with the 2026 Grain Inventory Loan Program. The NDSGA praised the decision as a practical solution to help farmers facing real challenges.

Why it matters

The expanded farm loan program provides critical financial support to North Dakota producers who have been struggling with operating shortfalls and other economic pressures in recent years. By collaborating with state leaders, lenders, and agricultural organizations, the program aims to ensure farmers have access to tools that promote long-term stability and prosperity for the state's soybean industry.

The details

The 2026 Farm Financial Stability Loan Program is designed to assist producers with operating shortfalls from 2024 or 2025. Funds can be used to replenish working capital, restructure debt, or address other financial needs. The program is available through local lenders and will remain open through June 30, 2026, or until funding is fully committed.

  • The North Dakota Industrial Commission approved the additional $100 million in funding on March 31, 2026.
  • The 2026 Farm Financial Stability Loan Program will remain open through June 30, 2026.

The players

North Dakota Industrial Commission

The state government body that oversees the Bank of North Dakota and is made up of Governor Kelly Armstrong, Attorney General Drew Wrigley, and Agriculture Commissioner Doug Goehring.

Bank of North Dakota

The state-owned bank that administers the 2026 Farm Financial Stability Loan Program and the 2026 Grain Inventory Loan Program.

North Dakota Soybean Growers Association (NDSGA)

A statewide, not-for-profit, member-driven organization that conducts legislative activities to improve the sustainable prosperity of its members and the entire soybean industry in North Dakota.

Justin Sherlock

The president of the North Dakota Soybean Growers Association, based in Dazey, North Dakota.

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What they’re saying

“North Dakota producers continue to face real challenges, and we are encouraged to see state leaders step up with practical solutions. These decisions matter to farm families, and supporting them needs to remain part of our routine, alongside our work on national policy.”

— Justin Sherlock, President, North Dakota Soybean Growers Association

What’s next

The Bank of North Dakota will continue to administer the 2026 Farm Financial Stability Loan Program through local lenders, with the program remaining open until June 30, 2026 or until the full $500 million in funding is committed.

The takeaway

The expansion of the Farm Financial Stability Loan Program demonstrates North Dakota's commitment to supporting its agricultural producers and soybean industry during challenging economic times. By collaborating with state leaders, lenders, and industry groups, the program aims to provide critical financial tools to help ensure the long-term stability and prosperity of the state's farming communities.