First Whitney Bank & Trust, Atlantic Named Top Lender and Alan Peterson, Cass County Named Outstanding Landowner

Ag/Outdoor, News

September 15th, 2016 by Ric Hanson

DES MOINES – The Iowa Finance Authority, Iowa Department of Agriculture and Land Stewardship and the Iowa Department of Natural Resources recently recognized the 2016 top lender and landowner of the year for their commitment to conservation practices at the Conservation Districts of Iowa Conference. First Whitney Bank & Trust in Atlantic was recognized as the top lender, and Alan Peterson of Cass County was named landowner of the year for water quality efforts.

The State Revolving Fund provides low-interest loans to Iowans to assist in projects to reduce runoff in Iowa’s waterways. The State Revolving Fund is jointly administered by the Iowa Finance Authority and the Iowa Department of Natural Resources in partnership with the Iowa Department of Agriculture and Land Stewardship. The Conservation Districts of Iowa supports the 100 state soil and water conservation districts through public education, commissioner development, policy and conservation promotion.

First Whitney Bank & Trust has financed more than $636,000 through the Local Water Protection Program since its inception in 2006, assisting 26 landowners with water quality improvements. The program uses linked deposit accounts to reduce the interest rate charged to the borrower; the interest rate cannot exceed three percent. Linked deposits earn no interest and are charged no fees.

Alan Peterson of Cass County was named the 2016 outstanding landowner of the year for his commitment to conservation practices on his farms. He has utilized the Local Water Protection Program several times to enhance terraces, tiles and waterways on his family farm near Atlantic.

Pictured from left to right Tony Toigo, Iowa Department of Agriculture and Land Stewardship; Alan Peterson, Outstanding Landowner Awardee; Debbie Pellet, First Whitney Bank & Trust; Jane Larson, Iowa Finance Authority; Dave York, Cass County Soil and Water Conservation District. (IFA supplied photo)

Pictured from left to right Tony Toigo, Iowa Department of Agriculture and Land Stewardship; Alan Peterson, Outstanding Landowner Awardee; Debbie Pellet, First Whitney Bank & Trust; Jane Larson, Iowa Finance Authority; Dave York, Cass County Soil and Water Conservation District. (IFA supplied photo)

“I commend First Whitney Bank & Trust for their commitment to ensuring that Iowa landowners have access to affordable financing to make vital water quality projects a reality,” said Iowa Finance Authority Executive Director Dave Jamison. “I also congratulate Alan Peterson for receiving the outstanding landowner award for his efforts in controlling runoff on his farms and doing his part to ultimately improve Iowa’s water quality.”

“The State Revolving Fund’s success is a testament to the partnerships with the hundreds of dedicated lenders and landowners throughout the state,” said Jim Gillespie, Director of the Division of Soil Conservation and Water Quality. “I congratulate both for their outstanding work in their efforts to protect Iowa’s natural resources.”

“I want to thank First Whitney Bank & Trust and Alan Peterson for their efforts to preserve our waterways. Lenders and landowners like them are doing their part to improve water quality which will help keep Iowa waterways clean for generations to come,” said Iowa Department of Natural Resources Director Chuck Gipp.

The State Revolving Fund features a variety of programs that offer low-interest loans to assist farmers, livestock producers, watershed organizations and others and are offered through participating lenders across the state. These programs have assisted more than 4,000 water quality projects in partnership with more than 500 participating lenders throughout the state since their inception. More information about the State Revolving Fund is available at: IowaSRF.com