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Home > All About the MDA > Divisions Directory > Finance & Budget Division > Ag Finance Section > RFA Board

Rural Finance Authority Board


The Rural Finance Authority holds its board meetings on the first Wednesday of each month at 1:00 p.m. The board meetings are held at the Minnesota Department of Agriculture; 625 Robert Street North; St. Paul. The majority of these meetings are conducted by teleconference. The duration of these meetings are usually under one hour. The schedule for the remainder of 2016 is:

  • Feb 3
  • March 2
  • April 6
  • May 4
  • June 1
  • September 7
  • October 5
  • November 2
  • December 7
The meetings held the first week of July and August are canceled. One meeting is held toward middle of August (date/location yet to be set). This meeting is held out-state.

There are six public members appointed by the Governor. No public member may reside in the metropolitan area.

The Rural Finance Authority board consists of representatives from five state agencies:

  • Department of Agriculture (Chair)
  • Minnesota Management and Budget (Vice-chair)
  • State Auditor
  • Department of Commerce
  • Department of Employee and Economic Development (DEED)

Powers and Duties include: The authority’s purpose is to develop the state’s agricultural resources by extending credit on farm real estate security and depreciable agricultural property (improvements, machinery, animals). The authority carries out this purpose by purchasing participation interests in loans or selling Agricultural Development Revenue Bonds to agricultural lenders or individuals for the purchase of agricultural items. Another loan participation program provides for restructuring farmer agricultural debt. An additional program was added in 1994 providing assistance to lower equity farmers to purchase stock in a value-added processing cooperative.

Rural Finance Authority Board Members

  • Dave Frederickson, Commissioner
    Department of Agriculture, 625 Robert Street North, St. Paul, MN 55155-2538 ~ 651-201-6219    
  • Myron Frans, Commissioner
    Minnesota Management and Budget, 400 Centennial Building, St. Paul, MN 55155 ~ 651-201-8024
  • Rebecca Otto, State Auditor
    525 Park Street, Suite 400, St. Paul, MN 55103 ~ 651-296-2524 ~ rebecca.otto@osa.state.mn.us
  • Katie Clark, Acting Commissioner
    DEED, Business & Com. Dev. Division, 1st National Bank Building, 332 Minnesota Street, Suite E200, St. Paul, MN 55101-1351 ~ 651-259-7112 ~ katie.clarke@state.mn.us 
  • Mike Rothman, Commissioner
    Department of Commerce, 85 7th Place East, Suite 500, St. Paul, MN 55101 ~ 651-296-6694
  • Mr. Sander Ludeman
    1616 310th Avenue, Tracy, MN 56175 ~ 507-629-3793 ~ splude@llwb.coop
  • Ms. Mary Gritzmacher
    Unity Bank, 26171 Highway 27, Peirz, MN 56364~ 320-468-0366x2306 ~ mgritzmacher@unitybanking.com
  • Ms. Sarah Kern
    335 Cossairt Avenue, Eden Valley, MN 55329 ~ 320-842-7201, ext. 111 ~ jeffandsarah@meltel.net
  • Ms. Jennifer Berquam
    628 Sandy Ct., Wanamingo, MN 55983 ~ 651-308-8266 ~ jberquam@hotmail.com
  • Ms. Carol Anderson
    14235 115th Ave NE, Foley, MN 56329 ~ 320-492-1663 ~ ander@fallsnet.com
  • Mr. Gary Wertish
    26416 County Rd 17, Renville, MN 56284 ~ 651-262-7128 ~ gary@mfu.org
  • Mr. John Mule, RFA Legal Counsel 
    Assistant Attorney General; Bremer Tower, Suite 1800, 445 Minnesota St., St. Paul, MN 55101 ~ 651-757-1397~ john.mule@ag.state.mn.us