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Value Added Ag Board

Value Added Ag Board

Governor Reappoints Members to Value Added Finance Authority


South Dakota Ag Connection - November 28, 2018

PIERRE, S.D. - Robert Hull of Sisseton, Mark Gross of Sioux Falls, Marcia Hendrickson of Chancellor and Charles Jepson of Fort Pierre were reappointed to the South Dakota Value-Added Finance Authority (VAFA) board by Gov. Dennis Daugaard this month.

The VAFA is a seven-member board appointed by the Governor. The goal of VAFA is to facilitate the retention of agricultural commodities and products in South Dakota for the maximum feasible time span during the life cycle, or use or consumption of the commodity or product. The board administers the Beginning Farmer Bond program, the Agribusiness Bond Program, the Livestock Nutrient Management Bond Program, the Value Added Sub Fund and the Value Added Agribusiness Relending Program.

"The VAFA board members are passionate about the ag industry and work tirelessly to carry out their mission of providing lower cost financing for qualifying beginning farmers and ag businesses. Our farmers, ranchers and ag business owners are fortunate to have Bob, Mark, Marcia and Chuck reappointed," said Terri LaBrie, executive director of VAFA.

For a list of other commissioners and more information on VAFA, please visit sdda.sd.gov/boards-and-commissions/value-added-finance-authority/.

Agriculture is a major contributor to South Dakota's economy, generating $25.6 billion in annual economic activity and employing over 115,000 South Dakotans. The South Dakota Department of Agriculture's mission is to promote, protect and preserve this industry for today and tomorrow. Visit us online at http://sdda.sd.gov or find us on Facebook, Twitter and Instagram.



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