LISTEN: Governor Kelly Armstrong discusses North Dakota’s Farm Financial Stability Loan Program with Scott Hennen
NORTH DAKOTA – North Dakota has launched a $300 million loan program to help farmers struggling with debt.
The state’s Industrial Commission has approved the Bank of North Dakota’s Farm Financial Stability Loan Program.
“It’s designed to be a little bit more short-term. It’s designed to give everybody out there some optionality based on their own particular circumstances in their [agriculture] operations,” Governor Kelly Armstrong explained on The Flag.
Tariffs, high interest rates, rising costs and natural disasters have created a difficult situation for producers.
Click here for more information on the Farm Financial Stability Loan Program.
