Agroinsurance

NEWS

FCS acquires crop insurance portfolio of Lake Mills agency USA - FCS acquires crop insurance portfolio of Lake Mills agency

07.04.2014 266 views

Farm Credit Services of America has acquired the crop insurance portfolio of Agland Depot in Lake Mills from owner Dennis Rognes, the Omaha-based financial services provider has announced. Terms of the transaction were not disclosed.

"We're excited to welcome Agland Depot crop insurance customers to Farm Credit Services of America," said Joe Beland, vice president-insurance for FCSAmerica.

"Although Agland Depot made the decision to leave the crop insurance marketplace, this change does not affect our company's real estate and farmland auction services," said Dennis Rognes, Agland Depot owner. "Farm Credit Services of America will provide the very best in crop insurance expertise and service to our crop insurance customers."

Agland Depot crop insurance customers will be transitioned to the FCSAmerica Mason City office for service. Many of Agland Depot crop insurance customers already have real estate or operating loans with the financial services cooperative, Beland noted.

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

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