Ag Banking News

ST. PAUL, Minn., May 31, 2024 — Farm Credit organizations in western North Dakota have announced 19 grants totalling $422,940.37 to various programs aimed at improving local community life through the Rural Community Grant Fund. This fund is a collaborative effort between AgCountry Farm Credit Services, Farm Credit Services of Mandan, and AgriBank, their funding bank based in St. Paul, Minn., created to support communities impacted by mineral development.

The grants are directed towards addressing critical community needs such as health, safety, and emergency services. The recent grants include:

• $50,000 to Connect Medic Clinic for the expansion of a medical clinic.
• $50,000 to Bowbells Ambulance Service for purchasing an ambulance.
• $45,000 to Richardton Healthcare Foundation for acquiring a resident mobility van.
• $34,058 to Mercer County Sheriff for special response team equipment.
• $30,000 to Divide County Sheriff’s Department for a new patrol vehicle.
• $30,000 to Renville County Sheriff’s Office for upgrading video equipment.
• $30,000 to Burke County Sheriff’s Office for outfitting a new patrol vehicle.
• $25,000 to Williston State College Foundation for a certified medical assistant training program.
• $25,000 to Lansford Community Betterment Enterprise for renovating a community building.
• $15,270 to Billings County Ambulance Service for training equipment.
• $15,000 to St. Luke’s Medical Center for a medication dispensing system.
• $15,000 to Minot Rural Fire Protection District for radio communication equipment.
• $10,000 to Bowbells Area Development Corporation for a heating system upgrade.
• $10,000 to Ward County Dive Team for a search and rescue pontoon.
• $10,000 to Lignite Volunteer Fire Department, Inc. for rescue tools.
• $9,000 to the City of Glenburn for a warning siren.
• $7,500 to Columbus Rural Fire Protection District, Inc. for electrical upgrades.
• $6,600 to Portal International Fire Department for turnout gear.
• $5,512 to Community Ambulance Service, Inc. for a station emergency radio.

The Rural Community Grant Fund is accepting applications for programs that meet the needs of local communities impacted by expanded mineral exploration and production in western North Dakota.

About AgriBank

AgriBank is part of the customer-owned, nationwide Farm Credit System. Under Farm Credit’s cooperative structure, AgriBank is primarily owned by local Farm Credit Associations, which provide financial products and services to rural communities and agriculture. AgriBank obtains funds and provides funding and financial solutions to those Associations. AgriBank and those Associations compose the AgriBank District. The District covers a 15-state area stretching from Wyoming to Ohio and Minnesota to Arkansas.

About AgCountry Farm Credit Services

Headquartered in Fargo, N.D., AgCountry has managed assets in excess of $12 billion and over 700 employees. They are a member-owned, locally-governed lending institution that provides credit and financial services to more than 25,000 farmers and ranchers in portions of Minnesota, North Dakota, and Wisconsin. They also provide agribusiness loans and leases nationwide. AgCountry is a part of the Farm Credit System, a nationwide network of cooperative financial services institutions that serve rural America.

About Farm Credit Services of Mandan

In addition to operating and real estate loans, Farm Credit Services of Mandan offers agribusiness financing, livestock and equipment loans, leasing services, tax, recordkeeping, and payroll services, crop, forage, and livestock insurance, and a cash patronage program. 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.

Source: https://www.agribank.com/