Strengthening North Dakota’s Meat Processing Capacity

Consolidation in the U.S. meat industry over the past few years has reduced options for producers and consumers. The COVID-19 pandemic revealed these vulnerabilities and their effects on our nation’s food supply chain.

In response, USDA Rural Development launched the Meat & Poultry Intermediary Lending Program (MPILP). This strategic investment is designed to expand access to capital for new and growing small and medium-sized meat and poultry processors across the country – especially in rural America.

More independent processors give consumers more choice, lower prices, create jobs, and create stronger
local and regional food systems.

A Revolving Loan Fund for North Dakota’s Rural Food System

Thanks to a historic $15 million USDA Rural Development grant through the MPILP, Lewis & Clark Development Group has established a revolving loan fund dedicated to supporting meat and poultry processors across North Dakota.

What can MPILP loans be used for?

The initial funding round must support a meat or poultry processing facility. Eligible expenses include:

  • Land purchase and development
  • Building and infrastructure acquisition or expansion
  • Purchasing equipment and machinery
  • Upgrading or modernizing processing facilities
  • Working capital
  • Startup costs
  • Feasibility studies

Once repaid, funds can be reallocated throughout the food chain (between farm and retail).

Ineligible Uses

  • Agricultural production, such as seed, livestock, feed, or farming equipment
  • Grocery stores, restaurants, or retail operations
  •  Production of alcohol, tobacco, or dietary supplements

Loan Terms & Conditions

  • Fixed interest rate
  • Up to a 30-year term for mortgage collateral
  • Applicants must operate within North Dakota (verified via legal property description)

LCD Group’s MPILP expert:

Chris Masse

  • MPILP Lender
  • More than 20 years of experience in personal banking, account resolution, and credit analysis
  • Experienced commercial credit processor
  • Previously underwrote LCD Group’s loans through the SBA 504 Program, North Dakota Opportunity Fund, and commercial regional loan programs

Contact Chris

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Please let us know what's on your mind. Have a question for us? Ask away.

(701) 667-7602

Are you an individual, business, or government rep looking for funding?

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