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Farm Credit funds Cal Poly San Luis Obispo endowment

Financial institution establishes $255,000 endowment to aid student projects in agricultural finance and lending

Todd Fitchette, Associate Editor

June 19, 2020

1 Min Read
Cal Poly San Luis Obispo students enrolled in ag lending courses will benefit from a $255,000 endowment funded by Farm Credit institutions in California.Todd Fitchette

Cal Poly San Luis Obispo students will benefit from an endowment fund established by six Farm Credit institutions throughout California. The funding will support data and other resources that enable student projects in agricultural finance and lending, data analytics and risk management.

Such funding helps promote the university's core philosophy of "learn by doing," said Marianne McGarry Wolf, head of the university's agribusiness department.

Cal Poly SLO Spokesperson AnnMarie Cornejo said university leaders are currently discussing practical ideas and concepts as the $255,000 endowment was announced at the close of the school year. Funding may also assist senior projects, she said.

"I'm thrilled with the generosity of Farm Credit in supporting Cal Poly and our students," Wolf said in a prepared statement.

Mark Littlefield, president, and chief executive officer of Farm Credit West said the effort will also benefit the food and beverage industry in United States by helping students and providing quality academic research.

Cal Poly's agribusiness department is one of nine in the university's College of Agriculture, Food and Environmental Sciences. The university expects to have 521 students enrolled in the department, which educates students who go onto work for employers involved in specialty crops, wine, and finance.

About the Author(s)

Todd Fitchette

Associate Editor, Western Farm Press

Todd Fitchette, associate editor with Western Farm Press, spent much of his journalism career covering agriculture in California and the western United States. Aside from reporting about issues related to farm production, environmental regulations and legislative matters, he has extensive experience covering the dairy industry, western water issues and politics. His journalistic experience includes local daily and weekly newspapers, where he was recognized early in his career as an award-winning news photographer.

Fitchette is US Army veteran and a graduate of California State University, Chico. 

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