Nick Stokes will work across the Iowa-based firm’s alternative lending platforms, the latest of which focuses on borrowers that do not meet traditional underwriting criteria.
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The proposed partnership with JD Chongqing Microcredit Company would support loans designed to encourage the use of data in agri lending and expand financial access for under-served communities.
Atlanta-based research firm eVestment reports an 85% increase in real asset allocations over the past year.
The bank is adding another £100m to the vehicle it launched last July to support farmers operating in a volatile market by enabling them to invest in their businesses.
In its quarterly agricultural outlook, Farmer Mac sounded a note of optimism on farmers’ net income and detailed recent conditions throughout in the US agricultural economy.
Valued at $446m, including a debt refinancing to come, the take-private sees will see HGGC acquire the company’s portfolio of more than 70 health food and supplement brands.
Nearly the entire $28.4 million in loans the impact investment firm approved in March went to support companies operating in the agribusiness and food-related sectors in emerging markets.
The development bank has approved a $180m loan that will help the country refurbish its aging and highly-inefficient irrigation network.
The amount represents a $100 million increase in the bank’s normal lending volume for the targeted industries: agri-food, ocean technology, information and communication technology, and tourism.
Farmer Mac’s survey of 350 agricultural lenders shows commodity prices, liquidity and farm income as top concerns.