Farm Credit donated nearly $255,000 to create an endowment fund for agribusiness students at Cal Poly San Luis Obispo.
The proceeds will pay for data and other resources for student projects in agricultural finance, lending, data analytics and risk management.
“I’m thrilled with the generosity of Farm Credit in supporting Cal Poly and our students,” Marianne McGarry Wolf, the university’s agribusiness department head, said in a news release. “This endowment fund will really benefit both the students and the industry.”
President and CEO of Farm Credit West Mark Littlefield expects the endowment to benefit the food and beverage industry in California due to the academic research the funds will provide.
“Being able to draw on the outstanding students and faculty at Cal Poly will be a tremendous benefit, and Farm Credit is happy to help make it possible,” Littlefield said in the release.
Farm Credit is one of the state’s largest employers of Cal Poly graduates.
“These students are some of the best and the brightest in the state, and Farm Credit has greatly benefited from the education they received there. We’re proud to have the opportunity to give back to the school,” Littlefield said in the release.