AgStar Announces Minority Lending Program

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.

About AgStar:

AgStar Financial Services, ACA, headquartered in Mankato, Minn., employs more than 600 full-time team members. The company is part of the national Farm Credit System and has a public mission to serve 69 counties in Minnesota and northwest Wisconsin. AgStar’s industry specialization, client segments and market delivery systems result in diversification nationwide. The company has expertise in the corn, soybean, swine, dairy and bio-energy industries. AgStar has developed successful programs in loans, leases, crop insurance, tax services, accounting, consulting and rural home mortgages. As a value-added financial services cooperative, AgStar allocates patronage dividends to its 14,000 stockholders. The company is also committed to giving back to rural residents, organizations and communities through AgStar’s Fund for Rural America.  Visit www.AgStar.com for more information.