CoBank and other Farm Credit institutions also are helping area farmers and ranchers
Omaha, Nebraska – Farm Credit Services of America (FCSAmerica) today announced the farmer-owned cooperative is mobilizing its financial and staff resources to help customers impacted by area floods.
To date, FCSAmerica has donated $175,000 to support the relief efforts of the American Red Cross, the Nebraska Farm Bureau and the Nebraska Cattlemen’s Association. Additional donations are being made by other Farm Credit entities, including CoBank, which has committed $300,000 to Midwest flood relief.
"Officials have only begun to assess the damage of recent flooding, but already the devastation is clear in the lives lost, the homes and farmsteads damaged, and the livestock and grain operations that now face new financial challenges,” said Mark Jensen, FCSAmerica’s president and CEO. “All of us in agriculture feel the enormity of the losses and are committed to help our communities recover.”
FCSAmerica financial officers and crop insurance agents are reaching out to customers in impacted areas to help them with individualized plans and assistance to manage their loss.
“As a financial services cooperative serving farmers and ranchers, we understand that agriculture is inherently risky,” said Bob Campbell, senior vice president in Nebraska. “Whether producers are impacted by natural disasters, such as what we are seeing today, or trying to navigate economic cycles, we use our financial strength to support agriculture.”
About Farm Credit Services of America
Farm Credit Services of America is a customer-owned financial cooperative proud to finance the growth of rural America, including the special needs of young and beginning producers. With more than $29.8 billion in assets and $5.5 billion in members’ equity, FCSAmerica is one of the region’s leading providers of credit and insurance services to farmers, ranchers, agribusiness and rural residents in Iowa, Nebraska, South Dakota and Wyoming. Learn more at fcsamerica.com.