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Farm Credit Establishes Grant Fund For Western N.D.

Farm Credit Establishes Grant Fund For Western N.D.

Money is earmarked to build houses and other infrastructure in counties affected oil development.

Farm Credit is establishing a Rural Community Grant Fund for western North Dakota.

AgriBank, FCB; Farm Credit Services of Mandan; and Farm Credit Services of North Dakota have gotten together to launch the Rural Community Grant Fund. They will be providing grants up to $50,000 to facilitate infrastructure improvement and/or development initiatives involving housing, health, safety, environment education and other projects

"This fund will provide an opportunity for residents to seek grant money annually for projects and programs to build, enhance and sustain their communities well into the future," says Bill York, AgriBank CEO.

Farm Credit Establishes Grant Fund For Western N.D.

"The impact of oil exploration has been significant in western North Dakota," says Claude Sem, CEO, Farm Credit Services of North Dakota. "All the residents of this area have been affected in one way or another. Farm Credit and AgriBank are pleased to offer this grant program for projects that will enhance our communities and positively influence the area."

AgriBank, FCB is one of the largest banks within the national Farm Credit System, with over $73 billion in total assets. As agriculture's borrower-owned financial leader, AgriBank complements the market-facing focus of affiliated Associations to serve rural America in a District that stretches from Ohio to Wyoming and from Minnesota to Arkansas, representing nearly 40% of farmland and 60% of cropland in the United States.

Farm Credit Services of Mandan is a member-owned agricultural financing cooperative that serves a twenty-county area in southwest North Dakota, with full-time offices in Beulah, Bowman, Carson, Dickinson, Mandan, Mott, Washburn, and Wishek.

Farm Credit Services of North Dakota is a member-owned agricultural credit association providing loans to farmers and ranchers for real estate, machinery, livestock and operating needs. FCS of ND also offers life and disability and crop insurances to the rural community. It serves 17 counties in northwest North Dakota through eight branch offices located in Minot, Bottineau, Carrington, Rugby, and Williston, including Bowbells Crop Insurance (Bowbells), Schaan Crop Insurance (Rugby) and Ward County Crop Insurance (Minot).

To find out more about the Rural Community Grant Fund and how to apply visit

Source: AgriBank

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