Monday, July 2, 2012
FARM CREDIT ANNOUNCES RURAL COMMUNITY GRANT FUND FOR WESTERN NORTH DAKOTA
In recognizing the importance of rural communities supporting the mineral development in western North Dakota, AgriBank, FCB, FCS of Mandan and FCS of North Dakota are pleased to announce the establishment of the Rural Community Grant Fund.
AgriBank CEO, Bill York, states, “It is our privilege to establish the Rural Community Grant Fund. As a responsible corporate citizen, we believe it is important to partner with the rural communities impacted by the mineral exploration in western North Dakota. This fund will provide an opportunity for residents to seek grant money annually for projects and programs to build, enhance and sustain their communities well into the future.”
Grants up to $50,000 will be available within the Rural Community Grant Fund to facilitate infrastructure improvement and/or development initiatives encompassing housing projects, health, safety and environmental programs, medical facilities, educational programs and more.
“The impact of oil exploration has been significant in western North Dakota,” said Claude Sem, CEO, Farm Credit Services of ND. “All the residents of this area have been affected in one way or another. Farm Credit and AgriBank are pleased to offer this grant program for projects that will enhance our communities and positively influence the area.”
“We are pleased to be a part of working jointly with AgriBank to establish the Rural Community Grant Fund which will bring added resources to western North Dakota for important and critical community projects,” said Mike O’Keeffe, CEO of Farm Credit Services of Mandan.
To find out more about the Rural Community Grant Fund and how to apply visit www.agribank.com.
AgriBank, FCB is one of the largest banks within the national Farm Credit System, with over $73 billion in total assets. As agriculture’s borrower-owned financial leader, AgriBank complements the market-facing focus of affiliated Associations to serve rural America in a District that stretches from Ohio to Wyoming and from Minnesota to Arkansas, representing nearly 40% of farmland and 60% of cropland in the United States. The affiliated Associations and AgriBank are collaborating in successfully shaping the future of agriculture.
About FCS of Mandan
Farm Credit Services of Mandan is a member-owned agricultural financing cooperative that serves a twenty-county area in southwest North Dakota, with full-time offices in Beulah, Bowman, Carson, Dickinson, Mandan, Mott, Washburn, and Wishek.
About FCS of North Dakota
Farm Credit Services of North Dakota is a member-owned agricultural credit association providing loans to farmers and ranchers for real estate, machinery, livestock and operating needs. FCS of ND also offers life and disability and crop insurances to the rural community. FCS of ND serves 17 counties in northwest North Dakota through eight branch offices located in Minot, Bottineau, Carrington, Rugby, and Williston, including Bowbells Crop Insurance (Bowbells), Schaan Crop Insurance (Rugby) and Ward County Crop Insurance (Minot).