STENSON STEPS DOWN FROM CONTERRA BOARD OF DIRECTORS
The central-Iowa native has held key leadership positions within the ag lending industry across the entire United States, including the Farm Credit system, commercial banking and Farmer Mac. His experiences led him to working in Iowa, California and New England.
“Tom’s wealth of knowledge and experience made him instrumental in the development and creation of Conterra’s various funds,” said Paul Erickson, President and CEO. “He will continue to advise the board and management in the coming years as Conterra continues to work with customers across the entire risk spectrum.”
“When the founding board members interviewed me several years ago, I told them I liked to build businesses, which I helped do at Farmer Mac,” said Stenson. “I saw a tremendous opportunity at Conterra, which has been fulfilled and will continue to grow.”
Stenson, a graduate of Iowa State University and raised on a grain livestock farm, says watching Conterra attract intelligent and committed people well-versed in agriculture has been a high point from his time on the board of
directors.
“Agricultural lending needs Conterra’s nimbleness and savvy,” he said. “And I am proud to have played a part in that.”
Stenson will remain with Conterra through the end of 2021 as executive vice president, where he’ll continue to lend support in credit policy, collateral analysis, and credit and appraisal underwriting.
“We appreciate Tom for his significant contributions to the growth and development of Conterra,” said Michael Endres, a current board director. “Tom’s wealth of American agriculture and ag finance knowledge has been indispensable during his time on the board.”
Conterra Ag Capital focuses exclusively on agriculture, providing traditional farm and ranch loans, development and alternative lending to America’s farmers, ranchers and agribusinesses. 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 loans
• Flexibility through revolving lines of credit
• Restructuring debt to improve cash flow
