AgSouth Farm Credit Distributes $30 Million to Members and $250,000 to Relief Efforts in Wake of Hurricane Helene Devastation

AgSouth Farm Credit Distributes $30 Million to Members and $250,000 to Relief Efforts in Wake of Hurricane Helene Devastation

Statesville, NC (November 13, 2024): Hurricane Helene caused overwhelming devastation in portions of AgSouth Farm Credit’s region of Georgia, North Carolina, and South Carolina. Homes and farm structures have been destroyed, orchards and crops have been devastated, and the greatest tragedy is lives have been lost. AgSouth CEO and President Vance Dalton comments, “We are committed to standing alongside you as you navigate through this difficult time of cleanup and recovery.”

The Association’s mission to support farmers and rural communities has driven multiple efforts to provide assistance towards recovery. To support customers in immediate need of financial assistance, AgSouth made an early payment of 2024 patronage funds to stockholders totaling $30 million, which were dispersed in October. 

AgSouth is also donating a combined $250,000 to statewide relief efforts. $50,000 each to organizations that are directly assisting farmers – WNC Communities Foundation, SC Advocates for Agriculture, and Weathered but Strong GA Hurricane Relief Fund. $50,000 each to organizations that are providing assistance directly to rural communities – Baptist on Mission and Samaritan’s Purse.

“I know it is going to be a long recovery process but I can assure that AgSouth Farm Credit will be here for as long as it takes. Our farmers and communities will continue to be in our prayers,” says Dalton.

About AgSouth Farm Credit:

AgSouth Farm Credit provides loans for land, equipment, and production agriculture; crop insurance; leasing; and home mortgages. The Association serves counties in Georgia, North Carolina, and South Carolina and is headquartered in Statesville, North Carolina. AgSouth is an equal housing lender and an equal opportunity provider.

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