North Dakota § 54-17-34.1 Farm finance program

North Dakota Statutes

§ 54-17-34.1 — Farm finance program

North Dakota § 54-17-34.1

Title 54State Government

Ch. 54-17Industrial Commission

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Bluebook

N.D. Cent. Code § 54-17-34.1 (2026).

Text

Acting as the farm finance agency, the industrial commission may establish the first-time
farmer finance program to encourage first-time farmers to enter into and remain in the livelihood
of agriculture and to provide first-time farmers a source of financing at favorable rates and terms
generally not available to them. The first-time farmer finance program is established to allow
first-time farmers to utilize the tax-exempt financing provided for in the Internal Revenue Code
of 1986, and any amended regulations adopted thereunder.

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Acting as the farm finance agency, the industrial commission may establish the first-time
farmer finance program to encourage first-time farmers to enter into and remain in the livelihood
of agriculture and to provide first-time farmers a source of financing at favorable rates and terms
generally not available to them. The first-time farmer finance program is established to allow
first-time farmers to utilize the tax-exempt financing provided for in the Internal Revenue Code
of 1986, and any amended regulations adopted thereunder.