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FARRMS Offers Loans to Help Your Farm Grow

 You have crafted your farm dream, defined your goals and written a business plan. Now you may be seeking start up funding to bring your farm dream to life. We offer loans to help you launch and grow your sustainable farm, ranch, or local food business.  FARRMS’ loans are accessible and provide an opportunity for beginning farmers to establish their businesses and build history so they are better able to apply for financing from other sources.

 We have revised our terms and interest rates in the summer of 2020 in order to ensure the sustainability of our loan program and streamline processes.  

Terms and interest rates for FARRMS Loans

Maximum Loan: $7,500

Loan Term: 7 years

Interest rates: 5.00% - 7.00%

depending on loan amount and qualifications

Interval: Annual Payments

Applicants who have completed Farm Beginnings or a similar business planning course qualify to have the interest waived in year one.
The following amortization table shows the annual payments for a $7500 loan at 6% interest

FARRMS accepts applications on an ongoing basis. When we receive your application, FARRMS staff will forward the application to the Loan Committee for review and may contact you to schedule an interview. If we choose to award a loan we will notify you, and provide additional forms to complete. We may charge a small loan closing fee.


If you have questions, please contact our office at 701-877-1794 or email

FARRMS Loan Application Form

 If you prefer a paper application you may download one here.

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