State seeks $50 million bonding for Rural Finance Authority as loan demand surges
Agency officials told the committee that the Rural Finance Authority expects to exhaust available loan authorization by mid‑2027 and that the governor's 2026 bonding proposal includes $50 million to prevent a funding gap for low‑interest farm loans.
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ST. PAUL — Officials from the Minnesota Department of Agriculture told the House Agriculture Finance and Policy Committee that the state’s Rural Finance Authority (RFA) is seeing strong demand for low‑interest loans and that a $50 million bonding request in the governor’s 2026 proposal is intended to prevent a funding gap.
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