Louisville, KY (PRWEB) March 14, 2012
In the wake of the recent tornadoes that left a devastating path of destruction across several Midwest states, three Farm Credit entities are donating $45,000 to the American Red Cross to assist with their disaster relief. Farm Credit Services of Mid-America, CoBank and AgriBank are providing funds to support relief efforts in Indiana, Ohio, Kentucky and Tennessee. Several employees are also volunteering their time and talent to assist with the cleanup and rebuilding efforts.
The damage is extensive there are towns that are now completely gone, said Hollie Bunn, regional vice president for Farm Credit based in southern Indiana. Many of the areas affected are small rural towns, the places where our customers and employees live and work. We feel compelled to support our communities in any way we can.
Its important in times like this to pitch in and help our neighbors, said Derrick Waggoner, CoBank regional vice president based in Louisville. The devastation from the tornadoes is difficult to bear but working together to help our communities is one of our core principles as a cooperative.
AgriBank CEO Bill York stated, We are saddened by the path of destruction that was left in Indiana, Ohio, Kentucky and Tennessee. AgriBank is privileged to support those that are suffering through this adversity. We remain dedicated to serving rural America through the Associations in the AgriBank District. Our steadfast commitment remains the same to collaboratively build and maintain a strong, sound organization that will provide shelter through any storm, whether it is a storm produced by Mother Nature or the financial markets.
Regarding Farm Credits response to the tornadoes and their aftermath, Bunn said, This has been an extremely unfortunate situation, but were pleased to be able to give something back to the rural communities and customers who have stood by us over the years.
Those wishing to donate to the American Red Cross Disaster efforts can do so by visiting https://american.redcross.org/site/Donation.
About Farm Credit Services of Mid-America
Farm Credit Services of Mid-America is an $18 billion financial services cooperative serving more than 95,000 farmers, agribusinesses and rural residents in Kentucky, Ohio, Indiana and Tennessee. The association provides loans for all farm and rural living purposes including real estate, operating equipment and housing and related services such as crop insurance, and vehicle, equipment and building leases. For more information about Farm Credit, call 1-800-444-FARM or visit them on the web at http://www.e-farmcredit.com.
AgriBank, FCB is one of the largest banks within the national Farm Credit System, with over $73 billion in total assets. As agricultures borrower-owned financial leader, AgriBank complements the market-facing focus of affiliated Associations to serve rural America in a District that stretches from Ohio to Wyoming and from Minnesota to Arkansas, representing nearly 40% of farmland and over 54% of cropland in the United States. The affiliated Associations and AgriBank are collaborating in successfully shaping the future of agriculture.
CoBank is a cooperative bank serving vital industries across rural America. The bank provides loans, leases, export financing and other financial services to agribusinesses and rural power, water and communications providers in all 50 states. The bank also provides wholesale loans and other financial services to affiliated Farm Credit associations serving more than 70,000 farmers, ranchers and other rural borrowers in 23 states around the country.
CoBank is a member of the Farm Credit System, a nationwide network of banks and retail lending associations chartered to support the borrowing needs of U.S. agriculture and the nations rural economy. Headquartered outside Denver, Colorado, CoBank serves customers from regional banking centers across the U.S. and also maintains an international representative office in Singapore. For more information about CoBank, visit the banks web site at http://www.cobank.com.