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Farm Credit institutions consider merger
Three major farm credit institutions in the Midwest are considering joining forces.
In a joint release, the board of directors for Minnesota-based AgStar Financial Services, Badgerland Financial in Wisconsin and 1st Farm Credit Services of Illinois say the combined cooperatives would create the nation’s third-largest farm credit group.
While the CEO’s of the three companies says the associations share the same values and commitment to agriculture, they will continue to evaluate collaborative options.
Board members say there is no exact timetable for a merger, but it could happen by April 2017.
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