North Dakota Launching Farm Loans for Storm Recovery

(Dan Koeck/For the North Dakota Monitor)

(North Dakota Monitor) – North Dakota Gov. Kelly Armstrong said that the state didn’t need to collect a lot of data to realize that farmers have an urgent need for grain storage after storms swept across the state last month.

The state has responded with a program to help farmers pay for temporary storage through low-interest loans and repair and replace damaged farm assets such as barns, irrigation systems, bins and grain-handling equipment.

He called the program an area “where the state could do the most good, the fastest,” Armstrong said in a press conference at North Dakota State University.

Farmers can apply for the Grain Storage and Facility Rebuilder Program starting July 9 by contacting their banker.

Farmers can get up to a $150,000 loan for temporary storage.