AgStar Announces Minority Lending Program
Mankato, Minn., (Jan. 11, 2011) - AgStar Financial Services, ACA, a value-added financial services company owned by its client-stockholders, is proud to announce that it is now offering a Minority Lending Program.
The Minority Lending Program was created for minority agricultural producers within AgStar’s local service area in Minnesota and Wisconsin. Small producers and organic farmers are encouraged to apply for financing. The program is designed to provide established, as well as new producers, ongoing access to credit, related financial services and outreach programs.
“Minority farming continues to be a growing segment and this program is designed to help support those individuals,” said David Krueger, director of minority lending at AgStar. “It can be challenging to manage or start a new operation, but with the proper financing and support from AgStar, we can help minority individuals become successful producers.”
Additionally, the AgStar Fund for Rural America has allocated a budget in which borrowers will be eligible for vouchers of up to $500 for computer purchases or technical and financial training.
“AgStar is committed to giving back to rural America and this program is a great example of our desire to aid those who most need it,” said John Monson, senior vice president of the Fund for Rural America. “We are honored to fulfill that commitment in a tangible way.”
For more information on this new program, visit AgStar.com/MinorityLending or contact Agustin Arzeno at 952-997-1257. For partnerships and questions from organizations, contact David Krueger at 507-344-5129.