Aggie Bond Beginning Farmer Loan Program

About this program

The Minnesota Department of Agriculture’s Rural Finance Authority administers the Aggie Bond Beginning Farmer Loan Program, which provides qualified beginning farmers with reduced-interest financing for Minnesota agricultural land, breeding livestock, machinery, trucks, and farm improvements. Loans may total up to $616,000, with limits for used and new depreciable property, and are financed through participating lenders or eligible private financiers. Applicants must be Minnesota residents intending to become full-time farmers, have a net worth below $1,069,000 in 2026, limited prior farmland ownership, sufficient experience and repayment ability, and plan to operate the Minnesota-based farm themselves. Participants must also agree to approved farm business management education for three years when available nearby and consult with a local conservation office.