Two Farm Credit organizations serving the upper midwest will join together after both received stockholder approval. AgCountry Farm Credit Services and United FCS serve farmers in Minnesota, North Dakota, and Wisconsin, but now become AgCountry Farm Credit Services beginning on July first. The headquarters will be in Fargo, North Dakota, with the Association serving 18,000 customer-members and have nearly $7.2 billion in assets. It will operate in 65 counties with 38 offices spread out through Minnesota, North Dakota, and Wisconsin. “We believed that the culture, values, and vision of both cooperatives made this a natural fit,” says Greg Nelson and Brad Sunderland, who serve as board chairs for Ag Country and United FCS, respectively. They both thanked stockholders in each organization for participating in the voting process and for recognizing that the merger would better help both organizations serve agriculture and rural America more efficiently. “Since merger discussions began last year, our goal has been to build on the strengths of both organizations to best serve the needs of our members,” says Bob Bahl, AgCountry CEO. “In merging these two associations, we are positioned for even greater success and a strong, bright future.”
From the National Association of Farm Broadcasting news service.
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