Daily News: October 30, 2013

LaVecchia Capital Advises Foreland Ag on $53MM Facility

Foreland Ag announced the recent closing of a $53 million credit facility with Farm Credit Services of America, a customer-owned financial cooperative. LaVecchia Capital acted as Foreland Ag’s strategic and financial advisor.

Tim Barker, CEO of Foreland, stated, “We are pleased to establish a long-term relationship with FCS America. This milestone event and successful closing of our credit facility provides long-term financing that complements our capital structure, enhances Foreland’s financial flexibility, and supports our strategic growth initiatives.”

Jim Greufe, commercial lending VP of FCS America, stated, “Foreland Ag has built a solid foundation and exceptional business structure that positions them to be leaders in production agriculture for the long haul. We are proud to partner with them.”

Pratt, KS-basedForeland Ag is an agricultural production company that operates over 20,000 acres of irrigated farmland in Kansas and Nebraska.