Farm Finance:

Minnesota and North Dakota Assistance Programs Available to Farmers

RCED-87-143FS: Published: Jun 9, 1987. Publicly Released: Jun 9, 1987.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

Pursuant to a congressional request, GAO provided information on state agricultural financial assistance programs and farmers' property protection measures in North Dakota and Minnesota.

GAO found that: (1) Minnesota's assistance programs include financial assistance in restructuring debt, subsidized interest rates, deferral of interest due, and state loan guarantees; (2) Minnesota's property protection measures can delay foreclosure and repossession actions and allow farmers to maintain a security interest in farm production after foreclosure; (3) North Dakota's assistance programs include direct loans, financial assistance in restructuring debt, deferral of interest due, and a state-supported linked deposit system; (4) North Dakota's property protection measures include foreclosure relief during periods of depressed farm prices and other measures to delay foreclosure and prevent undue hardship; and (5) the states enacted most of the financial assistance measures in 1986 in response to the farm crisis, but many of North Dakota's property protection measures dated back to the 19th century.

Oct 2, 2017

Aug 24, 2017

Aug 14, 2017

May 15, 2017

May 11, 2017

Apr 28, 2017

Mar 16, 2017

Feb 13, 2017

Dec 7, 2016

Nov 28, 2016

Looking for more? Browse all our products here