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The Bank of North Dakota is developing a new loan assistance program for farmers facing difficult financial conditions.

Details of the program will be presented for approval in late 2025 to be ready for the 2026 renewal season.

State officials noted the plan may be affected by potential federal relief programs and a likely special legislative session.

The Bank of North Dakota is working on a new loan assistance program for farmers in response to tough financial conditions facing the industry.

Don Morgan, president of the state-owned Bank of North Dakota, said the state’s agricultural industry has been hit hard by a combination of low commodity prices, a sustained period of high interest rates and inflation.

“We believe we have an extreme stress situation comin

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