Prudential has a long-term commitment to agriculture
Prudential Agricultural Investments became a Friends of the Family Farm sponsor in 2011 because they appreciated FCFB’s advocacy on behalf of the agricultural community.
The company serves mid- to large-scale operators with a very competitive, reliable source of long-term capital for acquisition, refinance and recapitalization purposes. “We want to understand the needs of the client and offer flexible loan products to fit their financing needs,” said Principal Frank Oberti.
Prudential Agricultural Investments is a subsidiary of Prudential Financial, Inc. [NSYE: PRU]. The agriculture division encompasses three core businesses: agricultural lending, which provides loans; agricultural equity investments, which provides agricultural investment services for investors; and capital agricultural property services, which provides customized farm management and agricultural brokerage services. Prudential is unique because each business within the agriculture division works with the others, enabling the company to offer good service that’s competitive.
For more than 110 years, Prudential has been making long-term mortgage loans to farmers and agribusinesses throughout the country. In the 1940s, the Fresno regional office was established, serving the San Joaquin Valley, Central Coast and desert regions to western Arizona. Regional offices are also located in Roseville, Calif.; Orlando, Fla.; Memphis, Tenn.; and Lisle, Ill.
The five regional offices offer a dedicated workforce. “There is longevity of the staff, many who have more than 20 or 30 years of experience,” said Oberti. “They have loyalty to the company and the background to back it up.”
In addition, the company is very active in lending to Fresno County’s west side. “We believe it’s a good farming area with experienced operators,” said Investment Analyst Jake Cutler.
Working with FCFB has “been a great partnership,” said Cutler.
Friends of the Family Farm Spotlight Profile: Ag Today, Oct 12
By: Katie Rodgers