|
 |
In order to position North Dakota farmers and ranchers to survive in today's agricultural climate, Bank of North Dakota has concentrated on helping producers diversify their income sources by offering the following programs.
The Ag PACE Program provides incentive financing to encourage North Dakota farm families to:
- Purchase equity shares issued by a new or expanding value added agricultural processing facility.
- Develop irrigated acreage.
- Develop a business that can be integrated into the farming operation.
- Improve or expand finishing facilities for livestock retention.
Qualifying borrowers will receive an interest buy down that can reduce
the interest rate by up to 5%. This buy down can amount to an interest
savings of approximately $20,000 over the term of the loan. An additional
$20,000 of interest buy down is available for funding the purchase of irrigation
equipment on new irrigated acreage.
The ENVEST Program provides a below market interest rate for North Dakota farmers and businessmen to purchase shares in start up or expanding agricultural processing facilities.
The Irrigation Loan Program is another tool for below market interest rate financing of irrigation in North Dakota.
|
|
|
 |
|
|
|
|
| | | | |
|
|
| | | | | |
|
|
