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North Dakota State (U.S.A), a land of energy industry, agriculture, sovereign wealth fund




Nearly + 75 thousand people live in North Dakota.
Agriculture is the largest industry in North Dakota, although petroleum, food processing, and technology are also major industries.

The state levies a 5% production tax on the gross value at the wellhead of all oil produced in the state, with some exceptions. The state also levies an oil extraction (excise) tax on produced oil. 

Oil taxes provide 42.3% of the state's total net revenues, nearly four times the individual income tax and more than eight times the revenue received from corporate income taxes. The state's 5% oil production tax is split between state and county governments.
The state created a legacy fund in 2010; similar to a sovereign wealth fund in foreign nations.

North Dakota is the only state with a state-owned bank, the Bank of North Dakota in Bismarck, and a state-owned flour mill, the North Dakota Mill and Elevator in Grand Forks. 

The state is the largest producer in the U.S. of many cereal grains, including barley (36% of U.S. crop), durum wheat (58%), hard red spring wheat (48%), oats (17%), and combined wheat of all types (15%). It is the second leading producer of buckwheat (20%). 

Most of the cereal grains are grown for livestock feed. An increasing number of livestock are being fed corn.

The state is the leading producer of many oilseeds, including 92% of the U.S. canola crop, 94% of flax seed, 53% of sunflower seeds, 18% of safflower seeds, and 62% of mustard seed. Canola is suited to the cold winters and it matures fast. Processing of canola for oil production produces canola meal as a by-product. The by-product is a high-protein animal feed.

North Dakota is the second leading producer of sugarbeets, which are grown mostly in the Red River Valley. The state is also the largest producer of honey, dry edible peas and beans, lentils, and the third-largest producer of potatoes.
The energy industry is a major contributor to the economy. 

North Dakota is considered the least visited state, owing, in part, to its not having a major tourist attraction. Nonetheless, tourism is North Dakota's third largest industry, contributing more than $3 billion into the state's economy annually.

Outdoor attractions like the 144-mile Maah Daah Hey Trail and activities like fishing and hunting attract visitors. The state is known for the Lewis & Clark Trail and being the winter camp of the Corps of Discovery. Areas popular with visitors include Theodore Roosevelt National Park in the western part of the state. The park often exceeds 475,000 visitors each year.

North Dakota has six level-II trauma centers, 44 hospitals, 52 rural health clinics, and 80 nursing homes. Major provider networks include Sanford, PrimeCare, Trinity, and Altru.
The North Dakota Department of Emergency Services provides 24/7 communication and coordination for more than 50 agencies.
Transportation in North Dakota is overseen by the North Dakota Department of Transportation. The major Interstate highways are Interstate 29 and Interstate 94, with I-29 and I-94 meeting at Fargo, with I-29 oriented north to south along the eastern edge of the state, and I-94 bisecting the state from east to west between Minnesota and Montana.
North Dakota's principal airports are the Hector International Airport (FAR) in Fargo, Grand Forks International Airport (GFK), Bismarck Municipal Airport (BIS), Minot International Airport (MOT) and Sloulin Field International Airport (ISN) in Williston.
Intercity bus service is provided by Greyhound and Jefferson Lines. Public transit in North Dakota includes daily fixed-route bus systems in Fargo, Bismarck-Mandan, Grand Forks, and Minot, paratransit service in 57 communities, along with multi-county rural transit systems.


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