September 19, 2013
AgPreference, ACA, presented a $10,000 check donation to the Salvation Army of Altus on Wednesday to help in the effort to aid those in struggling with hunger. Fifty percent of funds are to be used in Jackson County and 50 percent to be used in Greer County.
“We are proud to ‘share our success’ with those in need and be good corporate citizens,” said Cecil H. Sheperson, AgPreference President and Chief Executive Officer. “By getting involved, we can make a difference in helping with this cause and the important work the Salvation Army does every day.”
Oklahoma is one of the hungriest states in America. Over the years the percentage of the state’s population classified by the U.S. Department of Agriculture as “food insecure” has risen to 21.4%. More than 675,000 Oklahomans are risk of going hungry every day. Statistics show that one in four children in Oklahoma struggles with hunger.
The $10,000 donation to the Salvation Army is a cooperative effort between AgPreference and CoBank, the district funding bank for AgPreference. AgPreference donated $5,000 and CoBank matched the $5,000 for a grand total of $10,000.
Next week, AgPreference will also be be making donations to help with hunger relief for Kiowa, Tilman, Harmon, and Cotton Counties.
About the Salvation Army of Altus
The Salvation Army has had a presence in Altus since 1929, providing services to Jackson and Greer counties in a variety of ways.
The Salvation Army feeds over 4,000 meals per year through its bi-weekly soup kitchen, over 350 families are helped per year through its food pantry, clothing and utility assistance programs; it offers a community Thanksgiving meal, provides food and toys for over 200 families in need at Christmastime and helps feed and hydrate those involved in disaster response.
About AgPreference and the Farm Credit System
AgPreference, ACA, headquartered in Altus, is a borrower-owned federally chartered financial institution with over $215 million in total assets. The association provides financing and other services to farmers, ranchers, and rural businesses in southwest Oklahoma and in 23 states around the country via partnerships with other financial institutions. It is one of the 93 banks, associations, service corporations and special-purpose entities that make up the nationwide network of The Farm Credit System. Collectively, the Farm Credit System has assets of $246 billion, nearly 500,000 member borrowers, and more than 12,000 employees with coverage in every county of the 50 states, plus Washington D.C. and Puerto Rico. For more information on AgPreference, visit www.agpreference.com.
CoBank is a $95 billion cooperative bank serving vital industries across rural America. The bank provides loans, leases, export financing and other financial services to agribusinesses and rural power, water and communications providers in all 50 states. The bank also provides wholesale loans and other financial services to affiliated Farm Credit associations serving farmers, ranchers and other rural borrowers in 23 states around the country. The bank is headquartered outside Denver, Colorado with banking centers across the U.S. and also maintains an international representative office in Singapore. For more information on CoBank, visit www.cobank.com.