Bank of North Dakota | Red River Farm Network

Two New Drought Loan Programs Available for ND Livestock Producers

Published August 1, 2021

The Bank of North Dakota has two new loan programs available to help livestock producers recover from the extreme drought. "These programs are similar to others we've rolled out in other droughts, but we made changes," said Todd Steinwand, president,…

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New Loan Programs Authorized for ND Livestock Producers

Published July 28, 2021

The Bank of North Dakota has two new loan programs to help livestock producers cover drought-related expenses. The Livestock Drought Loan Program can be used to purchase feed, transportation costs for feed or livestock or drilling well. The Livestock Rebuilder…

Bank of North Dakota Releases Year-end Financials

Published June 10, 2021

The state-owned Bank of North Dakota is reporting profits of $141 million for 2020. That’s down from $169 million in 2019. The agricultural loan portfolio increased by $116 million, primarily due to the Ag Disaster Relief Program.

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Bank of North Dakota President Announces Retirement

Published April 28, 2021

Bank of North Dakota President Eric Hardmeyer has announced his intention to retire effective July 6. Hardmeyer has been in this role at the state-owned bank since 2000, making him the longest-serving president. The North Dakota Bank has had 16…

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Record Profits for State-Owned Bank

Published July 8, 2020

The state-owned Bank of North Dakota reports 2019 net earnings of $169 million. This is the 16th consecutive year of record profits. BND ended the year with total equity of $939 million, an increase of $77 million. The state's return…

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Deadline Extended for ND Loan Program

Published June 1, 2020

The North Dakota Industrial Commission has extended enrollment in the Ag Disaster Relief Loan Program until the end of September. The original sunset date was June 30. This Bank of North Dakota program covers operating loan shortfalls, term debt payments…

Loan Guarantees and Interest Buydowns for ND Ethanol Plants

Published May 1, 2020

The North Dakota Industrial Commission has approved a $50 million loan guarantee and interest buydown program for the state’s ethanol industry. With ethanol plants shutting down across the country, the North Dakota Ethanol Producers Association said this program will help…

Latest News Ag Business

Bank of North Dakota Offers COVID-19 Loans

Published April 27, 2020

The North Dakota Industrial Commission will allow the Bank of North Dakota to help state businesses get long-term low interest loans during the coronavirus. The Small Employer Loan Fund will provide a loan of up to $50,000 to small businesses…

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New Loan Package for ND Ag Producers

Published January 22, 2020

The Bank of North Dakota is making another loan program to help farmers and ranchers hurt by rising costs and existing debt. The Ag Disaster Relief Program allows up to a 10-year amortization for chattel and up to a 25-year…

Bank of ND Continues to Provide to Rural Communities

Published July 30, 2019

North Dakota Agriculture Commissioner Doug Goehring says the Bank of North Dakota’s mission started with agriculture and that continues today. "It's developed into a bank that still offers support. With the support of the bank, there can be more support…

Latest News Ag Business

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Articles tagged under: Bank of North Dakota

Two New Drought Loan Programs Available for ND Livestock Producers

New Loan Programs Authorized for ND Livestock Producers

Bank of North Dakota Releases Year-end Financials

Bank of North Dakota President Announces Retirement

Record Profits for State-Owned Bank

Deadline Extended for ND Loan Program

Loan Guarantees and Interest Buydowns for ND Ethanol Plants

Bank of North Dakota Offers COVID-19 Loans

New Loan Package for ND Ag Producers

Bank of ND Continues to Provide to Rural Communities

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