Drought Loan Programs Approved for Livestock Producers

Drought Loan Programs Approved for Livestock Producers

News Date: 
Wednesday, September 13, 2017 - 2:30pm

The North Dakota Industrial Commission authorized the Bank of North Dakota (BND) to offer two new loan programs that will assist livestock producers impacted by drought during a special meeting held on Sept 13. Read the full press release here

The Breeding Stock Rebuilding Program allows the borrower to purchase and rebuild breeding stock to average levels pre-drought.

The Feed Cost Program assists with feed costs for livestock producers who can demonstrate an expected shortfall in the amount of feed needed to sustain their existing breeding livestock and backgrounding livestock operation levels.