BND offering two low-interest disaster loans to ranchers dealing with drought

The Bank of North Dakota is making two new low-interest disaster loans available to ranchers dealing with drought.

One is the Feed Cost Program, which will help cover costs for feeding livestock.

The second is the Breeding Stock Rebuilding Program, to help restore a herd to pre-drought numbers.

The latest U.S. Drought Monitor map shows 66 percent of North Dakota still in some stage of drought.

And 13 percent is rated at severe or worse.

Ag Commissioner Doug Goehring estimates our state's ranchers have sold off about 100 thousand cattle in recent months because they don't have enough feed for their animals.