We see that you have javascript disabled. Please enable javascript and refresh the page to continue reading local news. If you feel you have received this message in error, please contact the customer support team at 1-833-248-7801.

ADVERTISEMENT

ADVERTISEMENT

FARM FINANCES

Latest Headlines
The North Dakota Attorney General’s office is asking Red River Trust, a Washington-based entity with offices in the Kansas City, Kansas, area, and an address at Grafton, North Dakota, to prove that it doesn’t violate anti-corporate farming laws, which would require it to sell land it purchased from owners of Campbell Farms of Grafton.
Records show that the Campbell potato farming group based in Grafton, North Dakota, has transferred more than $13 million worth of farmland to entities tied to Bill Gates, the billionaire co-founder of Microsoft who is reputedly the nation’s largest farmland owner.
Brian Bjork, 62, (pronounced “Byork”) a farmer from Forman, North Dakota, is selling his machinery piecemeal after making the decision in December 2021 to retire from farming. His reasoning: used equipment values are “hot” and unlikely to improve. He’ll enjoy retirement near family and will work for a young neighbor who will rent his land.
The NCUA has revised its strategic plan to clarify that the agency will not take regulatory action based on “climate-related financial risks” to discourage credit unions from lending to “family farms and others in the agricultural sector as well as businesses tied to the fossil fuel industry.”
"Tenants have the right for a crack at a reasonable profit on farming the land, while landlords have the right to expect a rental rate comparable to similar land in the area. Both sides are equally important, and both need to be reflected in the final agreement."
Without $113 per cow federal payments in 2020 producers lost $80 per cow, North Dakota Farm Business Management data shows.

ADVERTISEMENT

North Dakota Gov. Doug Burgum and Dakota Credit Union Association CEO Jeff Olson both submitted public comments to the National Credit Union Administration expressing concern about a portion of the NCUA’s draft strategic plan that seems to suggest that credit unions working with agriculture could be a financial liability due to climate change.
The new 2021 survey on North Dakota farmland rental rates, funded by the state Department of Land Trusts, finds varied results across the state. Some agricultural producers and landlords use the survey to help them decide on the rental rate on land for which they're negotiating.
America's diverse family farms remain the backbone of U.S. agriculture, according to a report from the USDA. But those farms continue to come in many shapes and sizes.

ADVERTISEMENT

ADVERTISEMENT