Loan
Beginning & Expanding Farmer Loan Program (Aggie Bond)
Business Oregon
What you can get
$520,000 maximum Aggie Bond financing • Tax-exempt bond lets the lender offer a lower interest rate. Uses: purchase of farm land or depreciable farm property. New depreciable property (farm buildings, new equipment) limited to $250,000; used depreciable farm property limited to $62,500.
- Readiness
- Prep docs first
- Who can apply
- producer, Beginning or expanding Oregon farmers working with an eligible agricultural lender
- Coverage
- OR
- Deadline & timing
- No application window or deadline is stated on the official page; farmers first find an eligible lender willing to provide financing, then submit the program application form to Business Oregon.
- Eligibility
- Per Business Oregon: applicants must be an Oregon resident; have a net worth of no more than $750,000; be a principal user of the farm and materially and substantially participate on the farm; and have never owned/operated a farm larger than 30% of the county's median farm size. The lender assumes all credit risk; the State does not guarantee repayment.
Optional expert service · $249
Turn program research into an application package.
An eligibility screen for one farm, a shortlist of up to three relevant programs, and draft practice justifications and a document checklist for one selected application. Delivered within 7 business days after intake.
Last verified Oct 1, 2026. Always confirm current terms and deadlines on the official site before applying.
Plan your next step
Run a quick soil assessment or ask an agronomist how this program fits your fields.