The following purposes are eligible to be funded by bond proceeds or loan participations under this chapter: 1. Purchasing agricultural real estate; 2. Constructing, repairing, altering, or adding to any farm buildings on agricultural real estate owned or purchased by the farmer; 3. Making permanent improvements to agricultural real estate owned or purchased by the farmer for the purpose of increasing the productive value of the land or promoting conservation of the soil; 4. Purchasing farm equipment; 5. Purchasing livestock; 6. Paying off and discharging mortgages, encumbrances, and other charges or liens against or on the agricultural real or personal property owned or purchased by the farmer; and 7. Restructuring operating debt carryover.
Loans to farmers - Purposes
N.D.C.C. § 6-09.11-04 — under Financial Assistance for Family Farmers.
N.D.C.C. § 6-09.11-04