North Dakota Expands Low Interest Farm Loans

(Photo by Lora Wobbema/For the North Dakota Monitor)

(North Dakota Monitor) – The North Dakota Industrial Commission is expanding a low-interest loan program designed to support farmers and ranchers — an initiative on pace to exhaust the $300 million already set aside for it.

The 2026 Farm Financial Stability Loan Program allows agricultural producers who sustained operating losses in recent years to restructure their debts at lower interest rates. Hundreds of farmers and ranchers across the state have applied for $270 million.

“It has ramped up significantly,” said Don Morgan, CEO of the state-owned Bank of North Dakota, which administers the program through local banks and credit unions.

Morgan said it has become the largest program in the bank’s history, surpassing the previous record of $190 million. The application window opened Dec. 9, 2025.