Fahe’s Post

[COBANK AND FARM CREDIT MID-AMERICA DONATE TO COMMUNITY FARM ALLIANCE] Two BCCCC members, CoBank and Farm Credit Mid-America have partnered together to donate $24,000 to the Community Farm Alliance of Kentucky. CFA-KY “promotes cooperation among rural and urban citizens, ensuring the future of family-scale agricultural production across the state.” With this donation, seven previously waitlisted farmers markets will be brought into the Kentucky Double Dollars Program. The Kentucky Double Dollars program allows low-income consumers to have access to locally grown and raised food at affordable prices. The program currently has 60 participating farmers markets, community markets, and retail locations. The CoBank and Farm Credit Mid-America investment will directly impact 100 additional farmers to come into the program and approximately 10,000 consumers will benefit as a result. Wes Millard, CoBank Louisville regional VP, says “CoBank is proud to partner with Farm Credit Mid-America to support the Community Farm Alliance of Kentucky. Farmers are an integral part of healthy communities, and the Kentucky Double Dollars program enables farmers to not only reach more community members, but allows consumers to bring home greater amounts of fresh, nutritious foods to their kitchen tables.” Read the full story here: https://lnkd.in/eMs5ctZF #financialservices #agribusiness #agriculture #affordablepricing #corporatesocialresponsibility #nutritiousfood #community #lowincome #foodaccess

We want to share exciting news about Mulberry Asset Finance and our recent accomplishment in facilitating over £10 million in loans for small and medium-sized businesses across #Cumbria and #Yorkshire in the fiscal year ending March 2024! 🚀 This substantial achievement represents a notable 23% increase from the previous year, underscoring the growing interest and commitment from finance companies to support SMEs across diverse sectors. Whether you operate in farming, plant hire, forestry, engineering, or the leisure sector, we stand ready with our network of funders, eager to explore deals of various sizes. As traditional banks diminish their presence on high streets, reputable commercial finance brokers like Mulberry play a pivotal role in filling the void and offering crucial support to local businesses. 💪 We take pride in being the 'modern-day bank managers' – offering not just financial assistance but also knowledge, guidance, and expertise. 💼💡 It's important to note that bank lending to SMEs experienced a 9% decline in 2023, making the broker community increasingly vital in SME financing. 📉 Interested to learn how we could support your business? Call/text Mike Robinson: 07791555431. https://lnkd.in/dmzYakVk

Enjoy the read below from our Windsor Group LLC Region2 Mississippi Hub office, Dr. Willie Taylor DFAP Discrimination Financial Assistance Program Willie P. Taylor, state coordinator: “This opportunity that we're bringing to the table, this $2.2 billion, is an opportunity to change the mindset of not just this generation or the farmers of the past. But it's a program that can actually enhance economic development. It's a program that can actually reopen or revise a farming operation. I deal with quite a few farmers that have thrown in the towel. And we hope that they would take these funds and reconsider staying in the farming business, or enhance the farming operation that they're in at the present time. You can't win the lottery unless you buy a ticket. With the application process, in order to reap the benefits, you gotta put your name in the hat, you gotta complete the application process” #22007apply #DFAP #farmers #ranchers #forestlandowners #ira #aglife #agproducers #usda #teamwindsor

Who are the biggest beneficiaries of the US farm #subsidy program? Your local family #farm? Think again. ❌ Here's how the story went for small family farms in recent years. 🛣 Global warming. ♨ Tough weather conditions. Crop failures. 🍂 A difficult harvest. Lower-than-predicted revenue. 📉 A negative change on the balance sheet. Re-financing a #loan for the new barn with the bank. 🏦 Tornado season. Another bad harvest. 🍂 Survive the winter. Try again in the new year. 🌞 No cash in the bank. Apply for another loan with the bank (4-6% interest). 🏦 Get rejected by bank due to a lack of sufficient equity (land or equipment). Frustration, helplessness and desperation kick in. 😰 Turn to easy-approve alternative lenders (6-10% interest), sometimes more. Take out a <1-year cash infusion to get back on track. 💵 Unreliable crops, trade war, disease outbreak, or feed price spike appears. Debt on <1-year cash infusion matures. 💸 Default on payment. No exit plan. 🚧 Failure to service initial bank loan as well. Remember you have the US government to help you. 😍 Apply for US government subsidy. Subsidy granted, but never see a cent. 😪 Subsidy goes straight to alternative lender (third party), as debts must be paid off first. Interest rate increases from defaulted loan payments. 📈 Assets reposessed. Inability to farm at scale or pay back. 😵 Vicious cycle begins. ⭕ The result? - #alternativelender volume has increased 40% over last 3 years - 99/100 of the biggest recipients of farming subsidies were banks & funds - there is a limit of subsidy per recipient, but this does not apply to 3rd party lenders - the share of loans with "major" or "severe" repayment problems hit a 20-year high The winners: - Agrifund LLC, the top lender collected ~$70M in subsidies 2020/21 - Farm Services Agency ~$55M See the stats here. https://lnkd.in/dDsT8X6n

As your trusted agricultural lender, we recognize the challenges our farmers face each year. From rising labor expenses to uncontrollable weather conditions, we understand. As your local lending partner, our loan officers are knowledgeable and prepared to help you navigate these challenges. Together, we're #FarmerStrong. ❇️ #AgCarolinaFarmCredit #FarmCredit #NCAg #NCAgriculture

Investment secures land for future generations - A day on the farm with Oxbury customer Julian Taylor of Home Farm, Starston. 'Once an active dairy farm, milk prices eventually made this side of the business unviable, and the family needed to explore new ways to live off the land. In the search for profitable diversification projects, securing finance proved key to their plans. It also meant ending a long-held relationship with a high street bank and moving towards a new partnership with Oxbury who was eager to understand and invest in their future.' Building and maintaining relationships with customers is a key part of our business, our relationship managers understand both agriculture and banking and have the expertise to discuss specific lending opportunities with farmers face to face on farm. For most banks, farming is only a small part of their business. At Oxbury, it’s all we do. To find out how Julian was able to diversify his farm business, read our blog: https://lnkd.in/eEtiWPjU #diversification #farminguk #backbritishfarming #agribank #agritech #supportfarming #oxburybank #oxburyloans #fundingfarmers #farmerfinance

We’ve been serving ranchers, farmers and other Ag-related businesses since our bank was founded in 1901. And many members of our team are ranchers and farmers, or grew up in that environment. We think that qualifies us as agricultural banking experts. We know very well that we can’t take a “one-size-fits-all” approach to Ag lending. That’s why you can count on us to understand your unique business as well as your special needs – whether it’s timing your loan payments to take advantage of seasonal cash flow cycles, financing your new equipment purchase, or structuring your operating line of credit. You’ll save time and money when you work with experts who understand your challenges. Come talk to us about: Production loans, term real estate, livestock and feedlots, field, row and permanent crops. Fixed and variable rate loans with the option of annual payments. Farm equipment financing and farm and ranch land financing. Beginning farmer or expansion of existing operations. Operating lines of credit. FSA guaranteed loans. We're here for you. Then and now! #aglender #ColoradoAgriculture #Coloradofarmers #ColoradoRanchers Member FDIC. Equal housing lender.

The Bank is proud to be a part of the economic growth in our local communities. Check out this article from the Center for Economic Growth. #tbogc #communitybank #capitalregionny #hudsonvalleyny

Exciting news! The National New Markets Fund (NNMF) has closed $17.5 million in New Markets Tax Credit (NMTC) allocation for the upgrade and expansion of the Bongards’ Creameries facility located in Perham, Minnesota. The $130 million expanded production line will create an estimated 22 new full-time jobs and retain 136 current employees in an area suffering from high poverty and unemployment. “Bongards will support Minnesota’s dairy farmers—as a member of this cooperative—while creating much-needed jobs in this severely distressed community,” said SDS Capital Group Founder & CEO and NNMF President, Deborah La Franchi. Read more about the project here: https://lnkd.in/gtyvggm6 #SDSCapitalGroup #ImpactFundInvesting #SocialImpact #PrivateInvestments #NewMarketsTaxCredit #NNMF #EconomicDevelopment #Minnesota #Bongards #Over20YearsOfImpact

We want to wish you all a very #MerryChristmas after the #2023year, which has seen so many positives for our clients, staff, and partners here at Central West Finance Solutions! We've had plenty of wins and seen #clients pick up the #keys to their #firsttimehome, buy their #first #Car, take on their next #farm, get another #truck on the road, update their #header for #harvest23 and #grow their #commercial #business holdings - all great #memories to cap off the end of the year. When we look back, whilst there were also ups and downs, with the changes in #interest #rates , #commodity #market #fluctuations and #costofliving #pressures we were there to back our clients, and we'll be #back with your #2024success and #goals right at the heart of what we do every day! We're in the office until the 22nd of #December, and we'll be just a phone call away in #January when we'll be back in the office! Enjoy your #break - we all look forward to seeing you in the #fantastic #newyear of 2024! Stuart Morrow - 0459 751 221 Johnathon O'Sullivan - 0400 626 391 James Brouff  - 0461 374 585 Christine Semple - 0427 401 242 #customercare #partnerships #dataanalysis #clientfocused #commercial #agriculture #investing #homebuying