SOURCE: LaVecchia Capital

October 29, 2013 00:02 ET

Foreland Ag LLC Announces New $53 Million Credit Facility

PRATT, KS--(Marketwired - October 29, 2013) - 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.

About Foreland Ag, LLC
Headquartered in Pratt, Kansas, 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. 

About Farm Credit Services of America
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. With more than $19 billion in assets and more than $3 billion in members' equity, FCS America is one of the region's leading providers of credit and insurance services to farmers, ranchers, agribusiness and rural residents in Iowa, Nebraska, South Dakota and Wyoming. Learn more at fcsamerica.com.

Contact Information

  • Contact
    Tim Barker
    CEO
    620.508.6262