Skip to content
Back to Top

AGRICULTURAL REVOLVING LOAN FUND

Financing for The Future

Established 1953

The Agricultural Revolving Loan Fund (ARLF) application and supporting documents can be found below. The objective of the ARLF is to promote the development of agriculture as an industry throughout the State by means of moderate interest rate loans.

  • SHORT TERM - loans to finance annual operating expenses such as seed, feed, fertlizer, harvesting or planting activities.
  • CHATTEL - loans to purchase equipment or livestock.
  • FARM DEVELOPMENT - loans to purchase real property and construct non-residential improvements for agricultural purposes.
  • IRRIGATION - loans to purchase and install irrigation systems.
  • PRODUCT PROCESSING - loans to build and equip facilities to process Alaska agricultural products.
  • CLEARING - loans to provide for land clearing.
Loan Type Maximum Loan Maximum Term Fixed Rate
Short Term $200,000 1 year 4.00%
Chattel $1,000,000 7 years 3.00%
Farm Development $1,000,000 30 years 3.50%
Irrigation $1,000,000 30 years 3.50%
Product Processing $250,000 30 years 3.50%
Clearing $250,000 20 years 3.50%

Total outstanding balances of ARLF loans for a borrower may not exceed $3,000,000

APPLICATION PROCEDURE

Loan applications must be submitted on ARLF forms. Required information provided on forms other than those provided by ARLF are subject to ARLF Loan Officer review. Applications are processed and reviewed by the ARLF staff. Completed applications are submitted to the Board of Agriculture & Conservation (BAC) for consideration at the next scheduled meeting.

For the current BAC Meeting Schedule and minutes from previous meetings, Click Here.

ELIGIBILITY

Loans may be made to individuals, partnerships, joint ventures, corporations or other business entities. Proof of current Alaska residency must be provided by applicants at loan closing. A statement of Agricultural and other business experience with evidence of necessary related skills and training is required.

CONDITIONS

Loan funds may only be used for agricultural production or processing operations in Alaska. Loans may not exceed 75% of the value of the collateral, less existing liens.

COLLATERAL

Loans must be secured by adequate collateral as appraised by the ARLF or an independent appraiser. Collateral for consideration may include land, improvements, machinery, equipment, crops or livestock. Property insurance, naming ARLF as loss payee, is required on buildings and all vehicles, machinery, equipment and livestock that are stored in buildings and used as collateral.

PAYMENT TERMS

Loan terms, including payment terms, will be based on applicant's ability to service the loan. Payment terms may be monthly, quarterly, semi-annual, annual or variable.

RATES & FEES

Fixed interest rates are comparable to rates charged by other Alaska agricultural lenders and established by the BAC. A non-refundable $50 application fee is required. If you have any questions, please contact:

Christy Kolvoord
ARLF Loan Officer
Phone: (907) 761-3853
Mobile: 907-795-9672
Email: christy.kolvoord@alaska.gov

Gavin Ulbrich
Loan Collection Officer I
Phone: (907)-761-3865
Email: gavin.ulbrich@alaska.gov

Agriculture Revolving Loan Fund
1801 S. Margaret Drive, Suite 12
Palmer, Alaska 99645-6736
Website: http://dnr.alaska.gov/ag/

ARLF calendar.

Agricultural
Revolving
Loan Fund

2025 ARLF Calander of Events

**Meeting dates are dependent on Quorum statutes**

January

  • 01/07/2025 - ARLF Application entry deadline to have application reviewed at next BAC meeting.
  • 01/14/2025 BAC receives applications.
  • 01/21/2025 BAC meeting
    • Review ARLF Applications as needed.
    • ARLF Interest Rate Review

February

  • 01/28/2025 - ARLF Application entry deadline to have application reviewed at next BAC meeting.
  • 02/04/2025 BAC receives applications.
  • 02/11/2025 Bac meeting
    • Review ARLF Applications as needed.
  • Mariculture Conference-February 18-20

March

  • 02/25/2025 - ARLF Application entry deadline to have application reviewed at next BAC meeting.
  • 03/04/2025 BAC receives applications.
  • 03/11/2025 BAC meeting
    • Review ARLF Applications as needed.
    • Industry invited speaker.
  • Farm Forum in Delta Junction-Date TBD

April

  • 03/25/2025 - ARLF Application entry deadline to have application reviewed at next BAC meeting.
  • 04/01/2025 BAC receives applications.
  • 04/08/2025 BAC meeting
    • Review ARLF Applications as needed.

May

  • 05/05/2025 “Drive your tractor to work” day-Palmer.
  • 05/06/2025 - ARLF Application entry deadline to have application reviewed at next BAC meeting.
  • 05/13/2025 -BAC received applications.
  • 05/20/2025 BAC meeting
    • Review ARLF Applications as needed.
  • Nenana Totchaket Ag Day-Date TBD

June

  • BAC meeting if needed.
  • Anchor Point Open field day-Date TBD
  • Delta Outreach-Date TBD

July

  • BAC meeting if needed.

August

  • 08/05/2025 - ARLF Application entry deadline to have application reviewed at next BAC meeting.
  • 08/12/2025 -BAC Receives applications.
  • 08/19/2025 -BAC Meeting.
    • Review ARLF Applications as needed.
    • Farm Family of the Year presentation

September

  • BAC meeting if needed.
  • Seagriculture Conference-Date TBD

October

  • 10/07/2025 - ARLF Application entry deadline to have application reviewed at next BAC meeting.
  • 10/14/2025 -BAC receives applications.
  • 10/21/2025 -BAC Meeting
    • Review ARLF Applications as needed.

November

  • 11/04/2025 - ARLF Application entry deadline to have application reviewed at next BAC meeting.
  • 11/11/2025 -BAC receives applications.
  • 11/18/2025 -BAC meeting
    • Review ARLF Applications as needed.
  • Food and Farm Festival-Date and location TBD

December

  • 12/02/2025 - ARLF Application entry deadline to have application reviewed at next BAC meeting.
  • 12/9/2025 -BAC receives applications.
  • 12/16/2025 -BAC meeting
    • Review ARLF Applications as needed.
    • BAC reviews Good Borrower Credit candidates.

AGRICULTURAL REVOLVING LOAN FUND APPLICATION FORMS & RESOURCES

Payment Fact Sheet
Tips for Completing ARLF Loan Applications
Good Borrower Credit Fact Sheet
ARLF Application Checklist
Loan Application
Financial Statement
Collateral List
Annual Income and Expense
Five Year Operating Plan
Child Support Verification
Financial Institution Verification