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Minnesota Agencies

Information on Minnesota State Agencies, Boards, Task Forces, and Commissions

Compiled by the Minnesota Legislative Reference Library

Rural Finance Authority

Also known as:
Minnesota Rural Finance Authority
Active dates:1986 -

The RFA is a separate public body with its own powers and duties, but it is administered by the Minnesota Department of Agriculture. It's role is to develop Minnesota's agricultural resources by extending credit on farm real estate security and depreciable agricultural property (improvements, machinery, animals). The Authority purchases participation interests in loans and sells Agricultural Development Revenue Bonds to agricultural lenders or farmers for the purchase of these agricultural items.

No later than February 1, 2024, the Rural Finance Authority, in consultation with the commissioner of revenue, must provide a report to the chairs and ranking minority members of the legislative committees having jurisdiction over agriculture, economic development, rural development, and taxes on the beginning farmer tax credits issued in tax years beginning after December 31, 2017, and before January 1, 2024.


The legislature established the RFA during the farm credit crisis of the 1980s to help eligible farmers restructure mounting debt.

The Rural Finance Authority (RFA) offers low-interest loan programs to farmers for a wide variety of activities. The RFA partners with local lenders to provide affordable credit to eligible farmers. 


As of 2015, The board consists of the commissioners of agriculture (chair), management and budget (vice chair), employment and economic development, and commerce, as well as the state auditor. The governor appoints an additional six public board members who must be approved by the Senate. Public board members may not reside in the seven-county Twin Cities metro-
politan area.

Entries for this agency in the Annual Compilation and Statistical Report of Multi-Member Agencies Report: 2023, 2022, 2021, 2020, 2019, 2018, 2017, 2016, 2015, 2014, 2013, 2012, 2011, 2010, 2009, 2008, 2007, 2006, 2005, 2004, 2003, 2002, 2001, 2000, 1999, 1998, 1997, 1996, 1995, 1994, 1993, 1991, 1990, 1989, 1988.

Note: This report provides membership details as well as meeting information and a summary of the group's activities.

Agency heads:

The Authority is administered by the Minnesota Department of Agriculture.

Internet resource:
Note: The Legislative Reference Library may have additional reports on or by this group available through our catalog.
News clippings and documents. Agencies Notebook Collection, 1988-2015.
Record last updated: 05/30/2023

All information on this group from the Library’s collection of agency notebooks has been digitized. These materials are incorporated into the “documents/articles” section of the record. Please contact a librarian with any questions. The Minnesota Agencies database is a work in progress.

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