Agriculture lenders donate to Maui Food Bank

HILO, HI., (August 15, 2023) – Farm Credit Association American AgCredit, rural banking partner CoBank, and The Federal Agricultural Mortgage Corporation, also known as Farmer Mac, are donating $40,000 to Maui Food Bank to help aid during the devastating wildfires that are wreaking havoc in Hawaii.

“When natural disasters impact the communities in which we live and work, we stand ready to support,” said American AgCredit CEO, Curt Hudnutt. “It’s deeply engrained into the fabric of who we are at American AgCredit. We hope this helps get much needed food to the people who need it during this difficult time. Our thoughts are with the families of our employees, our customers, and the entire State of Hawaii as they endure this hardship.”

Farm Credit has had a presence in Hawaii for over 50 years, with branch locations in Aiea (Honolulu) and Hilo. The association has been a strong provider of financial support to Hawaiian farmers and ranchers and an active contributor in charitable giving programs to various Hawaiian-based non-profit organizations to enhance Hawai’i’s agricultural economy and communities.

“The contribution to the Maui Food Bank is intended to address the immediate needs and reduce suffering of those impacted by the wildfires in Maui,” said Brenda Frank, executive vice president of Farm Credit Banking for CoBank. “CoBank is proud to continually work with our Farm Credit partners to provide resources to support agriculture within the Hawaiian Islands, increase food security and now help individuals and their communities as they work to recover and rebuild.”

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ABOUT AMERICAN AGCREDIT
American AgCredit was chartered in 1916 as part of the nationwide Farm Credit System and is the nation’s fifth-largest Farm Credit association. American AgCredit specializes in providing financial services to agricultural and rural customers in California, Colorado, Hawaii, Kansas, New Mexico, Nevada and Oklahoma, and serves capital market customers throughout the United States.

American AgCredit’s financial services include production and mortgage financing, equipment and vehicle leasing, crop and life insurance, lines of credit, and the Young, Beginning and Small Farmer Program. American AgCredit also provides interest-free loans for qualifying 4-H and FFA AgYouth programs, and college scholarships to students interested in agriculture. Learn more at AgLoan.com.

For more information:

American AgCredit Media Relations, media@agloan.com

ABOUT COBANK
CoBank is a 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. Headquartered outside Denver, Colorado, CoBank serves customers from regional banking centers across the U.S. and also maintains an international representative office in Singapore.