Local Bank Makes Major Donation to Rancher Relief
Aberdeen, SD—A devastating blizzard in western South Dakota dumped over four feet of wind-blown snow October 4-7. A Rancher Relief Fund was established to assist producers who lost thousands of head of livestock in the fall storm. Dacotah Bank, based in Aberdeen, South Dakota, has donated $20,000 to the relief effort. In conjunction with the South Dakota Stockgrowers Association, South Dakota Cattlemen’s Association, and South Dakota Sheep Growers Association, the Black Hills Area Community Foundation is processing donations and grants.
The bank’s donation includes a corporate donation plus local participation in a number of roll-over auctions at sale barns in Aberdeen, Mobridge, and Lemmon, SD. In a roll-over auction, a producer, the sale barn itself, or another donor provides an animal for auction. Bids and proceeds are then directed to the Rancher Relief Fund.
Joe Senger, executive vice president of Dacotah Bank, says the storm could not have come at a worse time. “You don’t expect a blizzard in October and unfortunately most livestock herds are not insured against loss in a snow storm. While direct losses to our customers were limited, Dacotah Bank still wrote a number of checks to Rancher Relief. It was the right thing to do.”
Dacotah Bank is the nation’s 18th largest lender to Ag producers. Donations and applications for assistance grants can begin online at www.giveblackhills.org.