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 New Farm Credit Online Banking
In September, FCS launched a new online banking system which gives customers more control of their accounts with a greater deal of efficiency and speed. If you're a current user of online banking, you need to enroll in the new online banking program by November 30, 2009. It's quick and it's easy!
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Interest rates remain in check - economy showing no heat.
Inflationary pressure - always the key driver of higher interest rates - remains non-existent in the U.S. economy and farmers can probably look for continued low rates on short term borrowings, and relatively flat rates for longer term loans as well. Read more about interest rates by clicking here.
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Mold and quality issues for crops means it's time to review crop insurance needs
Wet weather and late maturing crops means a slow starting harvest. While we are hearing about strong yields, we're also hearing concerns about mold and quality issues. Ther'es more information in our October 2009 Crop Insurance Update.
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FCS backs National FFA's Days of Service
We're excited! This year, Farm Credit Services is sponsoring and teaming up with the National FFA in volunteering to help make needed repairs to a farmstead in Indianapolis during the National FFA convention. Check it out!
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 Scholarship program open to ag majors
Heading to college? Majoring in agriculture? Take a look at Farm Credit's Scholarship Program, which is part of our annual $100,000 investment in higher education. Scholarship applications are available today and are due at the end of February, 2010. |
Animal care issue heating up on election day
All eyes will be on Ohio on Tuesday, November 3 as voters head to the polls to either approve or reject a proposed constitutional amendment to create the Ohio Livestock Care Standards Board. Click here to understand how this impacts you! |
 Livestock farmers care for their animals
Brian Winner is responsible for overseeing the care of a flock of 1.6 million laying hens through his position as both manager and member of Ross-Medford Farms, a partnership of families in west-central Ohio's Darke County. Click here to read Brian's story. |
Interesting links
Check out these interesting links:
- farmtoschool.org - connecting schools with local farmers to serve healthy meals in school cafeterias.
- farmersfeedus.org - register to win free groceries for a year. Currently only offered in Ohio, but other states will soon start joining in!
- ohiolivestockcare.com - information on November ballot initiative to create a livestock standards board in Ohio.
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If you are experiencing stress on your farm, talk to your FSO
Net farm income for U.S. farmers is projected to be $54 billion for 2009, down $33.2 million or 38% from last year. If this projection proves true, this will be the lowest net farm income since 2002. Pork and dairy producers continue to face the greatest challenges. Crop farmers have a crop that is still mostly still in fields and was significantly more expensive to plant compared to history with prices below last year's record levels for most commodities. Customers growing poultry for integrators are experiencing more normal turns between flocks resulting in improved earnings over what they experienced in 2008.
In addition to reduced farm earnings, off farm earnings have been reduced for some of customers. In light of these factors, our Financial Services Officers are prepared to work with customers who may experience difficultly meeting their obligations. The first step in this process is the customer and FSO to talk through the issue, how it can be corrected and how long it will take. There are options and actions we can take to help customers through stressful times.
If you believe your current situation may create challenges, talk to your FSO. Don't wait until payments are delinquent. In these times both the customer and FCS need to be proactive and committed to forge a successful resolution.
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Be sure to vote in FCS's elections!
Eight Farm Credit customers have been nominated to fill four Board of Director positions. As a member, be sure to vote. Your ballots arrived at your home in mid-September. Click here to meet the candidates! Voting deadline is October 16. |
FCS extends financing to customers through dealerships
The next time you stop by your local equipment dealership, see if Farm Credit is there. With the addition of our Agnition program, the same great service and interest rates you've come to expect at our FCS offices can be found at over 300 dealerships across our association.
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Sign up for DTN AG Summit - Dec. 9-11
DTN is hosting their annual Ag Summit in Chicago in December. This year's theme is How to Profit in Turbulent Times. FCS CEO Donnie Winters will be speaking on the credit market. As a customer of Farm Credit, you may be eligible for reduced rates. Be sure to mention Farm Credit when you register to get your discount. |
FCS opens new office in Mt. Orab, Ohio
Farm Credit opens its 92nd office in November in Mt. Orab, Ohio. This office is a remodel of the old Winchester office.
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| Stay Connected
Be sure to connect with Farm Credit Services to stay on top of the latest corporate news and community involvement:
follow us on twitter: twitter.com/farm creditserv
Become a fan on facebook: search Farm Credit Services of Mid-America
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