News

Farm Credit Helping USDA Rural Investment Program

Farm Credit Helping USDA Rural Investment Program

Photo: WNAX

USDA has announced the creation of a new $150 million investment fund to assist in the growth of ag businesses.  The new Rural Business Investment Company will allow USDA to facilitate private equity investments.  Advantage Capital Partners will manage the fund with investment from eight Farm Credit institutions.  Farm Credit Services of America is one of those and Sr. Vice President of Commercial Lending Jim Roberge says they’re excited about this public private partnership.

He says their role will be to help rural businesses involved in bioenergy production, regional food systems or other technologies, with the capital they need to grow and create jobs.

Other area Farm Credit Institutions providing initial investments to the fund are Ag Star Financial Services and United Farm Credit Service, both based in Minnesota.

Recent Headlines

in Local

Daugaard Has Fond Fair Memories

Dennis Daugaard

The South Dakota State Fair is underway in Huron, continuing through Monday.

in Local

Cooler, Wetter Weather Ahead

rain guage

The longer range forecasts now appear to favor a wetter, cooler trend for the northern plains.

in Local

Changes Coming To Retirement System

state capitol pierre

The Retirement Laws Committee of the South Dakota Legislature voted this week to begin the process of changing some of the rules of the state retirement system.

in Local

Iran Debate Unlikely

Capitol 2014

It was expected that the Senate would have a lengthy debate next week over the proposed nuclear deal with Iran.

in Local

Lots Of Pheasants In Iowa

pheasant

A statewide survey by the Iowa Department of Natural Resources shows the pheasant population has increased for the second year in a row.