Senator Jacobson and Andy Olson receive agriculture award


NORTH PLATTE, Neb. (KNOP) – Senator Mike Jacobson of District 42 and Andy Olson of Hershey were honored with the Nebraska Bankers Association Agribusiness Awards Thursday. The award is given to individuals who have rendered outstanding service to Nebraska agriculture. These recipients are leaders in agriculture and very dedicated to the State of Nebraska.

Senator Jacobson said, “I am proud of my record of standing up for our farmers and ranchers in District 42 and Nebraska and will continue to do so every day as a Senator.

Andy Olson said he was honored and surprised by the award, “It’s a good day,” he said.

“The Nebraska Bankers Association has honored Sen. Mike Jacobson of North Platte and Andy Olson of Hershey with the 2022 NBA Agri-business Recognition Award.

The award has been given annually since 1983 to individuals who have made significant contributions to the state of Nebraska and its agricultural industry. The presentation was made at the NBA’s Fall Agri-business Conference in Lincoln.

Jacobson is president and CEO of NebraskaLand Bank in North Platte, which he founded in 1998. The bank has grown to $900 million in assets and employs 105 people. Earlier this year, he was nominated to represent District 42 in the Nebraska Legislature, where he serves on the agriculture, general affairs and natural resources committees. Growing up on a farm sparked Jacobson’s passion for agriculture. He studied agricultural economics and agricultural education at university and taught for a short time before starting his banking career as an agricultural credit officer at City National Bank in Hastings.

He then moved to Lincoln to work for First Commerce Bancshares, eventually heading the correspondents division. In this role, he managed an equity portfolio that helped Nebraska banks meet the credit needs of their agricultural customers. Jacobson is a member of the Farm Foundation Governor’s Agricultural Advisory Committee. He served as president of the Nebraska Bankers Association in 2009. He is a past president of Agriculture Builders of Nebraska and previously served on the American Bankers Association’s Agricultural Banking Advisory Task Force. Among Jacobson’s many community activities, he has served as chairman of the North Platte Development Corporation and the North Platte Public Schools Foundation Board.

With the purchase of three mares in 1954, Olson began his long breeding career of Lazy U Quarter Horses. In 1964, he and his father incorporated Olson Farms. Custom cattle feeding was added to the operation in 1986.

The business was expanded in 2015 and they now feed 32,000 head of cattle and employ 40 people. Olson Farms is expanding its feed yard capacity, with further expansion in the planning stages. Conservation is a priority for Olson, and he has implemented many conservation practices on his farm. Olson is a strong supporter of local and national youth organizations. One of its most recent activities is donating beef to schools. He also regularly donates beef to local pantries, shelters and the North Platte Opportunity Center. Among his many accolades, Olson was made an honorary member of the Paxton FFA Chapter, served as parade marshal of the Hershey Fall Festival, and received the North Platte Business of the Year award. He was a founding member of the Hershey Lions Club and served as president of the Maria Lutheran Church.

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