North Dakota Expands Ag Relief Programs to $500 Million

(Photo by Lora Wobbema/For the North Dakota Monitor)

(North Dakota Monitor) – North Dakota officials are authorizing the Bank of North Dakota to further expand the largest agriculture disaster relief program in the bank’s history.

The North Dakota Industrial Commission agreed to authorize the state-owned bank to allocate an additional $100 million to the 2026 Farm Financial Stability Program, created last fall to help ag producers to restructure their debts.

The three person commission, which includes the governor, attorney general and agriculture commissioner, also closed a second ag relief program, the Grain Inventory Loan Program, and transferred the remaining $12 million to the low-interest loan program.

“This is why we exist,” said Gov. Kelly Armstrong. “If we can’t do this, we’re not doing it right.”