Bank of North Dakota commits $400 million ‘lifeline’ to ag producers

  • Agriculture Commissioner Doug Goehring, center, discusses two loan programs developed by the Bank of North Dakota to provide financial relief to agriculture producers in the state. Gov. Kelly Armstrong, left, Attorney General Drew Wrigley, right, and Goehring compose the North Dakota Industrial Commission. (Photo by Jacob Orledge/North Dakota Monitor)
    Agriculture Commissioner Doug Goehring, center, discusses two loan programs developed by the Bank of North Dakota to provide financial relief to agriculture producers in the state. Gov. Kelly Armstrong, left, Attorney General Drew Wrigley, right, and Goehring compose the North Dakota Industrial Commission. (Photo by Jacob Orledge/North Dakota Monitor)

    The North Dakota Industrial Commission last Tuesday gave the state bank a green light to proceed with two loan programs aiming to provide relief to agricultural producers hit by a combination of tariffs, low commodity prices and high costs, as well as a series of summer storms.

    The state-owned Bank of North Dakota is setting aside $300 million for the 2026 Farm Financial Stability Loan Program, the…