FCS acquires crop insurance portfolio of Lake Mills company

LAKE MILLS | Farm Credit score Providers of America has acquired the crop insurance portfolio of Agland Depot in Lake Mills from owner Dennis Rognes, the Omaha-based financial providers supplier has announced. Terms of the transaction had been not disclosed.

“We’;re fired up to welcome Agland Depot crop insurance buyers to Farm Credit score Services of America,” mentioned Joe Beland, vice president-insurance for FCSAmerica.

“Despite the fact that Agland Depot produced the selection to leave the crop insurance coverage marketplace, this modify does not influence our company’;s real estate and farmland auction providers,” mentioned Dennis Rognes, Agland Depot owner. “Farm Credit score Providers of America will provide the very ideal in crop insurance experience and services to our crop insurance clients.”

Agland Depot crop insurance consumers will be transitioned to the FCSAmerica Mason City workplace for service. Many of Agland Depot crop insurance buyers currently have true estate or operating loans with the economic solutions cooperative, Beland noted.

With far more than $ 21 billion in assets, FCSAmerica is a leading supplier of credit score and insurance companies to farmers, ranchers, agribusiness and rural residents in Iowa, Nebraska, South Dakota and Wyoming, according to a news release.

Additional details is available at www.fcsamerica.com or by calling 800-884-FARM.

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