Richard (Dick) Schultz was the son of Leslie and Elva Schultz, who moved to Ypsilanti, North Dakota in 1931. Richard graduated from Montpelier High School.
In 1960, Dick married Sharon Weinrich, who was also a graduate of Montpelier High School. Following their marriage, they purchased the Arnold Hanson farm, in the Ypsilanti community of Stutsman County, North Dakota.
They had three children, Todd, Mardell, and Jolene.