Farmers Benefit from Ag Lender’s Expansion
September 26, 2024 – DES MOINES, IA – Pete Johannsen has joined the Conterra Ag Capital team as Executive Vice President, Relationship Management, signifying continued growth for the Midwest-based ag lender.
Johannsen will lead the company in business development, working alongside Conterra’s executive team and relationship managers and shaping the company’s strategic direction as it expands.
“Pete is a proven winner in our business and is intensely passionate about serving the needs of farmers and ranchers,” comments Jake Espenmiller, Conterra president. “We are fortunate to have him leading our business development efforts across the US. Pete’s addition to the Conterra team is a direct reflection of our commitment to innovation and his personal values align perfectly with Conterra’s: Family, Grit, Expertise, Integrity, and Drive.”
The Iowa native has more than 21 years of experience in ag finance, most recently servicing as the Midwest Associate Director for MetLife Investment Management’s ag finance team.
The University of South Dakota and Drake University graduate says Conterra’s integrity, drive, and passion for agriculture aligned with his own. Currently residing in Altoona, Iowa, Johannsen and his wife are partners in a family row-crop operation in Northwest Iowa.
“My dedication to agriculture aligns perfectly with the direction Conterra is headed. Joining the team of ag lending experts that has been built at Conterra, I’m excited to further the company’s growth by continuing to pursue long-lasting relationships, support our team members, and create an energized work environment that clients will want to be a part of.”
About Conterra Ag Capital
Conterra Ag Capital focuses exclusively on agriculture, providing traditional farm and ranch loans, development and alternative lending to America’s farmers, ranchers, and agribusiness. Conterra also offers its loan products as well as asset management to institutional investors, banks, and other agricultural lenders throughout the United States.
Conterra has loan products to help meet the challenges of today’s agricultural environment:
- Long-term fixed rate and short-term variable rate loans
- Alternative ag loans for producers under stress
- Varied capital sources and flexible terms
- Restructuring debt to improve cash flow
