The loan moneys received by a farmer under this chapter must be used for a farm business. Eligible uses are: 1. Purchase of real property and equipment. 2. Expansions. 3. Working capital. 4. Purchase of inventory. 5. Subsurface field tiling projects. The moneys cannot be used to refinance any existing debt.
Loans to farmers - Purposes - Eligible uses
N.D.C.C. § 6-09.13-03, under Agriculture Partnership in Assisting Community Expansion.
N.D.C.C. § 6-09.13-03