LUBBOCK, Texas — In response to the recent devastating wildfire outbreak that impacted much of the Lone Star State, several Farm Credit organizations have joined forces to contribute to the extensive recovery and relief efforts.
AgTexas Farm Credit, Capital Farm Credit, Central Texas Farm Credit, CoBank, Farm Credit Bank of Texas, Heritage Land Bank, Lone Star Ag Credit, Plains Land Bank and Texas Farm Credit have pledged a combined total of $162,500 to support rural fire departments across the state, and the Texas and Southwestern Cattle Raisers Association (TSCRA) Disaster Relief Fund.
The fires have impacted so many across the state, but the agricultural producers in the Central Texas and Panhandle areas have been especially hard hit. Over 125,000 acres have burned since the outbreak began on March 15, human life has been lost, property and livelihoods were changed in an instant, and livestock death tolls have been catastrophic. For many producers and residents, this event is crippling.
“Since 1916, Farm Credit has had the privilege of supporting rural communities and agriculture during times of plenty and extreme adversity, alike. Despite the resiliency of the Lone Star State and its residents, it is important that producers know and feel that Farm Credit is here to support them, today and tomorrow,” said Tim McDonald, chief executive officer of AgTexas Farm Credit.
“Our hearts go out to the residents impacted by the Texas wildfires,” added McDonald. “The donation to the rural volunteer fire departments will help them to retool and prepare for the rest of the season, and it will also make resources available to farmers and ranchers, through the TSCRA Disaster Relief Fund, who need feed and supplies to support their operations.”
About AgTexas Farm Credit
AgTexas Farm Credit is a customer-owned lending cooperative, providing financing for agricultural operations, agribusinesses, homes and rural real estate, as well as insurance and leasing services for the Ag industry since 1934. Headquartered in Lubbock, AgTexas serves approximately 3,000 members in 43 Texas counties through 11 offices. AgTexas is part of the Farm Credit System, a network of financial cooperatives established in 1916 to provide a dependable source of credit to farmers and rural America. Learn more at www.agtexas.com.
About Capital Farm Credit
For more than 100 years, Capital Farm Credit has supported rural communities and agriculture with reliable, consistent credit and financial services. Capital Farm Credit is a proud member of the Farm Credit System and serves more than 23,000 members, with loans outstanding totaling more than $10 billion. Headquartered in Bryan, Texas, Capital Farm Credit has offices serving 192 of Texas’ 254 counties. Learn more at www.capitalfarmcredit.com.
About Central Texas Farm Credit
Central Texas Farm Credit is a member of nationwide Farm Credit System, financing farm and ranch land, agribusiness operations, rural land and homes, and recreational property in its 20-county area. Headquartered in Early, the cooperative has branch offices in Brady, Coleman, Comanche, Haskell, San Angelo and San Saba. Learn more at www.centraltexasfarmcredit.com
CoBank is a $170 billion 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 76,000 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, rural infrastructure and rural communities. Headquartered outside Denver, Colorado, CoBank serves customers from regional banking centers across the U.S. and also maintains an international representative office in Singapore.
About Farm Credit Bank of Texas
Farm Credit Bank of Texas is a cooperatively owned wholesale bank that finances agriculture and rural America. It funds rural lending co-ops so they can make loans to farmers, ranchers, agribusinesses and rural property owners. The bank is a part of the Farm Credit System, the nation’s oldest and largest source of rural financing.
About Heritage Land Bank
Heritage Land Bank provides innovative financing solutions other banks simply can’t offer when it comes to rural real estate, agricultural operations, agribusinesses and country homes. Founded in 1917, Heritage Land Bank is a member of the Farm Credit System, a nationwide network of rural lending cooperatives. With headquarters located in Tyler, Heritage Land Bank operates across 16 Texas counties ranging from Dallas-Fort Worth to Lufkin. To learn more, visit heritagelandbank.com.
About Lone Star Ag Credit
With approximately $2.33 billion in assets, Lone Star Ag Credit provides financing for rural land, country homes, agribusinesses, livestock, agricultural equipment and operating expenses. The rural lender headquartered in Fort Worth serves approximately 5,700 customer-owners in 48 counties and has credit offices in Abilene, Cleburne, Corsicana, Denton, Fort Worth, Georgetown, Hillsboro, Lampasas, Mount Pleasant, New Boston, Paris, Sherman, Stephenville, Sweetwater, Waco and Weatherford. For more information, contact a local Lone Star Ag Credit office, or visit LoneStarAgCredit.com.
About Plains Land Bank
Plains Land Bank provides long-term financing for agricultural producers and rural property owners. Its main priority is to improve the means and well-being of farmers, ranchers and rural life in the Texas Panhandle. Part of the nationwide Farm Credit System, the Amarillo-based lending cooperative has branch offices in Amarillo, Pampa, Perryton and Plainview. Learn more at www.plainslandbank.com.
About Texas Farm Credit
Texas Farm Credit (TFC) is an agricultural lending cooperative that provides competitive rates, flexible terms and personal service to farmers, ranchers, rural residents and agribusiness firms from the Red River to the Rio Grande Valley. Not only does TFC finance a wide range of farming and ranching operations, it also offers home and rural real estate mortgage loans, as well as provides a variety of insurance services to its members. Headquartered in Robstown, Texas, TFC serves 100 Texas counties and is part of the Farm Credit System, a nationwide network of rural lending co-ops established in 1916.