Farm Credit Services of America is mobilizing their staff and financial resources to help customers who were impacted by the early October blizzard in Western South Dakota. Farm Credit Vice President of Marketing in Rapid City, Doug Theel says a major part of their effort to help livestock producers is restore their working capital.
Theel also says that Farm Credit Services of America has $ 12 billion in assets and a low delinquency rate so they’re positioned to be able to help out producers. He says they have several methods to aid those hurt by the blizzard.
Farm Credit Services provides more than $ 1.3 billion in credit to cow-calf operators in South Dakota, Iowa, Nebraska and Wyoming.