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Grants & Loans

Rural Assistance Loan Program


The Rural Assistance Loan Program provides loans to producers with modest financial investments in agriculture. These loans finance agricultural enterprises to provide financial experience and assist in the economic growth and welfare of Montana agriculture. Rural Assistance Loans are available through the Agricultural Finance Program of the Montana Department of Agriculture.



Applicants must be at least 18 years of age and residents of Montana at the time of application. Loans are available to persons who are unable to qualify for financing from commercial lenders. However, the activity for which the loan is requested and the financial position of the applicant must show a positive cash flow and net worth.


The total value of an applicant's net worth, including those of spouse and minor children, cannot exceed $450,000.


Loan Amounts and Purposes

The maximum loan amount is $75,000 per individual. Borrowers may refinance loans up to the maximum of $75,000. Loans are made up to 80% of the value of the collateral used to secure the loan. A 20% down payment or additional collateral may be required to meet this guideline.


Funds may be used to finance the following:

  • Agricultural property, such as livestock and farm machinery;
  • Agricultural improvements, such asbarns or irrigations stystems
  • Annual operating expenses; and
  • Agricultural land.


Additional terms, as well as information about the Local Loan Committee, are detailed in this document.


Additional Requirements

Upon approval of a Rural Assistance Loan application, borrowers must agree to certain requirements. The specific terms are detailed in this document.




Walt Anseth
Agricultural Finance Program
302 N Roberts
Helena, MT 59601
Phone: (406) 444-2402
E-mail: WAnseth@mt.gov
Fax: (406) 444-9442


Published: September 29, 2011 10:55:00 AM MDT.
Last Modified: June 8, 2015 3:03:20 PM MDT