North Dakota Adds $100 Million to Farm Loan Program

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The North Dakota Industrial Commission has authorized the state-owned Bank of North Dakota to increase its allocation to the state’s Farm Financial Stability Program by $100 million, bringing the Program’s total allocation to $500 million. Established last year, the Program is designed to allow farmers and ranchers to restructure their debt at low interest rates and to convert operating losses into loans. North Dakota farmers have been under significant financial pressure due several factors, most notably low crop prices and increased operating costs.


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