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Foreland in New $53MM Facility With Farm Credit Services of America

October 29, 2013, 07:54 AM
Filed Under: Agriculture

Foreland Ag, LLC, a well-positioned and rapidly growing agricultural production company with offices in Bertrand, Nebraska and Sublette, Kansas, today announced the recent closing of a new $53 million credit facility with Farm Credit Services of America.

Tim Barker, Chief Executive Officer of Foreland, stated, "We are pleased to establish a long-term relationship with FCS America. This milestone event and successful closing of our Credit Facility provides long-term financing that complements our capital structure, enhances Foreland's financial flexibility, and supports our strategic growth initiatives."

Jim Greufe, Commercial Lending VP of FCS America, stated, "Foreland Ag has built a solid foundation and exceptional business structure that positions them to be leaders in production agriculture for the long haul. We are proud to partner with them."

LaVecchia Capital LLC acted as Foreland Ag's strategic and financial advisor.

Headquartered in Pratt, KS, Foreland Ag is an agricultural production company that operates over 20,000 acres of irrigated farmland in Kansas and Nebraska. Foreland couples advanced risk management strategies with proprietary research initiatives to maximize production margins and reduce revenue volatility.

Farm Credit Services of America is a customer-owned financial cooperative proud to finance the growth of rural America, including the special needs of young and beginning producers.





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