(Photo by Lora Wobbema/For the North Dakota Monitor)
(North Dakota Monitor) – The Bank of North Dakota is working on a new loan assistance program for farmers in response to tough financial conditions facing the industry.
Don Morgan, president of the state-owned Bank of North Dakota, said the state’s agricultural industry has been hit hard by a combination of low commodity prices, a sustained period of high interest rates and inflation.
“We believe we have an extreme stress situation coming up in our agricultural sector for 2026,” Morgan told the North Dakota Industrial Commission.
The Bank of North Dakota is preparing a new relief program for farmers and ranchers modeled after a 2019 program that worked very well, Morgan said.
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