Looking back on the North Dakota Legislative Session, House Agriculture Committee Chairman Dennis Johnson is pleased with the work that’s been done to encourage more value-added agriculture projects in the state. “We created a fund in the Bank of North Dakota for agriculture investment processing. This $10 million fund can be used for grants or interest buy downs for projects. It’s called the Agriculture Diversification and Development Fund.” Johnson says the $10 million can be leveraged up to $70 million with interest buy-downs or grants to help start a new business. Another bill Johnson is proud of is the focus on the strategic investment and improvement fund. “Ethanol plants in the state used this fund to stay online during COVID and we’ve expanded the funding this session. When combined with other funds, the financial incentives could bring something beneficial to North Dakota.”
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