With new positions, Summit expands its investment capabilities alongside new investment vehicle, Summit Ag Opportunities

Summit Agricultural Group, a leader in international agribusiness development, renewable energy and production agriculture, announced today an expansion of its investment team with the hiring of J.D. Schlieman as an operating partner and Jon Probst as a vice president. Both individuals will be focused on the Summit Ag Opportunities Fund, a recently launched investment vehicle utilized to make investments in the agriculture industry in the Midwestern United States.

Schlieman’s responsibilities will initially include relationship management with potential portfolio companies. In addition, he will spend significant time evaluating potential investments and serving as a resource to executive teams within the fund, utilizing his deep industry expertise from both a financial and operational perspective. Schlieman’s experience includes serving as chief financial officer (CFO) at Heartland Pork and most recently as CFO, and eventually president, of Hawkeye Renewables.

“Having previously worked closely with J.D. for nearly two decades, I am thrilled that he has agreed to join us on our most recent initiative,” said Bruce Rastetter, founder and CEO of Summit Agricultural Group. “The addition of J.D. to the team will bring us tremendous value as we search for new investment opportunities and align ourselves as a value-added partner to portfolio companies.”


Probst’s responsibilities will include sourcing and evaluating potential investment opportunities.

“Having been raised on a fifth generation family farm in Northwest Iowa, Jon has a unique combination of agriculture knowledge to supplement his strong financial background,” said Justin Kirchhoff, managing director and head of private equity at Summit Agricultural Group.

Prior to joining Summit, Probst was located in Dallas, Texas and gained experience evaluating potential private investment funds and sourcing, structuring and closing commercial real estate transactions. He earned his bachelor’s degree in accounting from Iowa State University and an MBA from the University of Texas, in addition to credentials as a Charted Financial Analyst (CFA) and Chartered Alternative Investment Analyst (CAIA).