From crisis to recovery: CFC contribution boosts flood relief efforts
Capital Farm Credit recently joined the Texas Farm Credit District, in partnership with other entities including CoBank, AgFirst, AgWest, the Federal Farm Credit Banks Funding Corporation and Farmer Mac to commit over $270,000 to support relief and recovery efforts for those impacted by devastating flooding in Texas. Relief aid from these institutions will be sent to the Kerr County Flood Relief Fund to support the impacted communities and agricultural-related needs.
The catastrophic, overnight flooding occurred over Independence Day weekend on and near the Guadalupe River in the Texas Hill Country. Flooded locations include areas where Farm Credit affiliated associations operate, causing dozens of casualties and massive property damage.
Farm Credit Bank of Texas and its affiliated associations within the Texas Farm Credit District, spanning across Alabama, Louisiana, Mississippi, New Mexico and Texas, collectively, have contributed $130,000. Relief aid from these institutions will be sent to the Kerr County Flood Relief Fund to support the impacted communities.
Sharing a common mission and purpose, Farm Credit Associations unite to support rural communities, agribusinesses, and agricultural providers during good times and bad. In addition to the funds provided by the Texas Farm Credit District and other entities, Farm Credit System employees nationwide are also making contributions to the Farm Credit System Employee Relief Fund. The relief fund is a standing program available to all Farm Credit employees experiencing financial hardship due to natural disasters and other catastrophic events.
The Texas Department of Agriculture’s State of Texas Agriculture Relief (STAR) Fund also accepts donations to support farmers, ranchers, and agribusinesses recovering from disasters like floods, wildfires, and storms—helping rebuild and restore operations, and cover other agricultural relief expenses.
“At Capital Farm Credit, our main goal has always been to stand with agriculture and rural communities,” said Jeff Norte, CFC president and CEO. “The destruction caused by this unprecedented flooding is heartbreaking, and our hearts go out to everyone affected. We hope our contribution offers even a small measure of relief as these resilient communities begin the long road to recovery.”