Farm Credit Services of America is expanding.
The Omaha-based agricultural credit company will enter an alliance with Frontier Farm Credit of Kansas, beginning next year.
Farm Credit Services President Doug Stark says the alliance benefits both companies.
“Well, in the case of Kansas customers and Frontier, we’re going to bring our resources, our size and scale and capacity to bear along with our technology and business processes,” Stark tells Nebraska Radio Network affiliate WNAX. “For the Farm Credit Services of America customers, it’s an opportunity to spread our costs over a greater base of customers as well as they have some business services: taxes, record keeping, and business consulting that we don’t have.”
Farm Credit Services of America serves Nebraska, Iowa, South Dakota, and Wyoming.
Stark forecasts a smooth transition. Frontier Farm Credit stockholders still have to approve the alliance.
Jerry Oster, WNAX, contributed to this article.