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 | $3,000,000 | 7 years | 3.00% |
| Farm Development | $3,000,000 | 30 years | 3.50% |
| Irrigation | $3,000,000 | 30 years | 3.50% |
| Product Processing | $500,000 | 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.
| Collateral Value | Max Loan Potential | Collateral Value | Max Loan Potential | Collateral Value | Max Loan Potential |
|---|---|---|---|---|---|
| $13,333.33 | $10,000.00 | $800,000.00 | $600,000.00 | $2,666,666.67 | $2,000,000.00 |
| $26,666.67 | $20,000.00 | $933,333.33 | $700,000.00 | $2,800,000.00 | $2,100,000.00 |
| $40,000.00 | $30,000.00 | $1,066,666.67 | $800,000.00 | $2,933,333.33 | $2,200,000.00 |
| $53,333.33 | $40,000.00 | $1,200,000.00 | $900,000.00 | $3,066,666.67 | $2,300,000.00 |
| $66,666.67 | $50,000.00 | $1,333,333.33 | $1,000,000.00 | $3,200,000.00 | $2,400,000.00 |
| $80,000.00 | $60,000.00 | $1,466,666.67 | $1,100,000.00 | $3,333,333.33 | $2,500,000.00 |
| $93,333.33 | $70,000.00 | $1,600,000.00 | $1,200,000.00 | $3,466,666.67 | $2,600,000.00 |
| $106,666.67 | $80,000.00 | $1,733,333.33 | $1,300,000.00 | $3,600,000.00 | $2,700,000.00 |
| $120,000.00 | $90,000.00 | $1,866,666.67 | $1,400,000.00 | $3,733,333.33 | $2,800,000.00 |
| $133,333.33 | $100,000.00 | $2,000,000.00 | $1,500,000.00 | $3,866,666.67 | $2,900,000.00 |
| $266,666.67 | $200,000.00 | $2,133,333.33 | $1,600,000.00 | $4,000,000.00 | $3,000,000.00 |
| $400,000.00 | $300,000.00 | $2,266,666.67 | $1,700,000.00 | ||
| $533,333.33 | $400,000.00 | $2,400,000.00 | $1,800,000.00 | ||
| $666,666.67 | $500,000.00 | $2,533,333.33 | $1,900,000.00 |
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 Allison
ARLF Loan Officer
Direct: 907-795-9672
Email: Christy.Allison@alaska.gov
Gavin Ulbrich
ARLF Loan Officer
Direct: 907-707-5037
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/
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.
- Mariculture Conference-February 18-20
- BAC meeting if needed
March
- 02/25/2025 - ARLF Application entry deadline to have application reviewed at next BAC meeting.
- 03/04/2025 BAC receives applications.
-
03/25/2025 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.
- 05/27/2025 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
BAC and ARLF Statutes and RegulationsPayment 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