Heavy rains in eastern North Dakota and northwest Minnesota on July 1, 1975 caused disastrous flooding of the Red River of the North. The river crested 16' above flood stage at Fargo. It was the worst flooding in North Dakota history and caused $1 billion property damage or almost $5 billion in 2021 dollars, bridges washed out and transportation through much of the region became impossible. A local newspaper reported that "Much of the farmland is one big ocean with white caps on farm fields under 2-3 feet of water." In Lisbon, North Dakota a tree fell over, but not from any wind, the soil was so soaked; it couldn't support a tree. Most farmers were unable to get into their fields for month and the wheat and other grain crops were a total loss for that year causing prices of commodities in the United States and around the world to rise aiding in the inflation that would plague much of the world for the next 5 years.

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