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First Dakota National Bank Commits Funding to South Dakota Agricultural Foundation

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First Dakota National Bank has renewed its commitment to the South Dakota Agricultural Foundation through a $250,000 grant, to be paid in $50,000 installments for each of the next five years. This follows a $500,000 commitment to the Ag Foundation the bank previously fulfilled.

“First Dakota was one of the very first supporters of the Ag Foundation when it was just an idea over a decade ago” said Kim Vanneman, vice-chair of the Ag Foundation. “Their continued support is invaluable as we find new ways to enrich South Dakota agriculture for generations to come.”

“The Ag Foundation is doing important work for the future of South Dakota agriculture, and First Dakota is proud to be part of their efforts,” said Nate Franzen, president of First Dakota's Ag Banking Division. 

The First Dakota grant is in addition to a $200,000 commitment from the Governor’s Office of Economic Development to expand the “Keep Farmers Farming” program. This legacy planning initiative helps interested ag producers with the process of transitioning their farming and ranching businesses to the next generation.

About the SD Ag Foundation:

The SD Ag Foundation was formed in 2015 as an independent, industry-led nonprofit comprised of South Dakota leaders dedicated to enriching agriculture for generations to come. The Foundation is committed to being the South Dakota ag community’s trusted philanthropic partner as we work to support rural communities and the development of the next generation of agricultural leaders.

Endowed funds are used to invest in projects and provide grants that will have a lasting impact on the future of South Dakota agriculture. Our partners are organizations and individuals who share a love of the land, a passion for the agricultural community, and a vision for the future of our state.

The South Dakota Ag Foundation currently has more than $3 million in endowed funds. Over the past six years, the Foundation has awarded grants to a variety of community organizations throughout the state, as well as youth education and leadership development programs.

For complete story, go to the South Dakota Agricultural Foundation website.