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Faith, Hope and Expertise
Unique ag succession facilitated by Frontier Farm Credit
by Mark Parker
Keeping an agricultural business in the family can be a challenge—especially when the succeeding generation isn’t exactly in the family.
Black Diamond Feeders owner Doug Laue wanted his operation to remain family-owned, even if it wasn’t his family. After investing a good portion of his life in developing the business, the veteran cattleman wanted to share his accomplishments and experience.“ There are tremendous opportunities in agriculture,” he contends, “especially for young people who are willing to work hard and work smart.”
President's Corner
President's Corner
Some days the best way to “take care of business” is to leave the “home place”. I love leaving the office to visit with customers and I also appreciate gaining perspectives by attending regional and national events. I’ve found that no matter where I go and who I visit with in agriculture there is a common thread – a love for the industry, a love of the land they farm or ranch, and a sheer love for the beauty of living and working in rural America.Continue Reading>>
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Of Intere$t
Of Intere$t
by Tony English
Chief Financial Officer
At the time of this writing, consensus economic forecasts appear to indicate a relatively brisk 3% GDP growth for the US economy in 2010 and then actually slowing to around 2.5% in 2011. Consensus employment numbers predict little improvement in jobs well into 2011 with unemployment seen as hovering around the 9.5% level for the immediate future. What I find interesting about these consensus forecasts is that the Federal Reserve, who arguably has the best and most complete information, is materially more optimistic about growth and jobs. This is especially true for 2011.
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Crop Talk
Crop Talk
The storm season is upon us. As a producer, some things to consider during this time of year are crop hail insurance, replanting options, and acreage reporting.
Crop hail insurance adds value to complete risk management plan. This coverage may be used in conjunction with MPCI, or as a stand alone policy to insure total crop value and uninsurable crops from the perils of hail, wind and fire. Crop/hail coverage can be bound and in force two hours from the time of request. This comes in handy when the sky turns green. If you have chosen the Enterprise Unit Structure and you are concerned about spot loss protection, Crop Hail insurance can provide you this protection.
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Leasing Residual
Leasing Residual
Spring Into Summer with Leasing
by Joe Metzen
The Spring Equipment Special offers reduced rates on both new and used farm equipment – anything used in the field – through June 30, 2010. The lease term for this program is up to 60 months with a $25,000 minimum equipment cost. Check with your Financial Services Officer for either loan or lease rates when purchasing any equipment this year.
Business ¢ents
Business ¢ents
by Dennis Roddy
Senior VP Business Services
Business planning in the current changing environment continues to be a challenge. Below are some planning tips regarding recent legislation.
What the Health Care Reform Bill Means to You
The recent health care reform legislation contains the most significant health care changes in decades. Basically, the legislation expands health insurance coverage by requiring “minimal insurance coverage” for individuals and their dependents beginning in 2014, by obtaining coverage through their employers or by purchasing coverage through newly created market places called “exchanges”. Some highlights include:
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Press Releases
Latest Press Release
- Letter to Congressman Moore
- Woods & Williams join Frontier Farm Credit's Manhattan lending team
- Frontier Farm Credit Honors The Kansas Foundation for Ag in the Classroom
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