News & Blog Posts
Farm Credit Midsouth is pleased to announce its board of directors has unanimously approved this year’s all-cash patronage distribution totaling nearly $6.8 million for eligible members. Distribution will begin at the Association’s upcoming Annual Meeting next month.
An amazing week was had by the Farm Credit Midsouth Directors, employees and Members who traveled to Washington, D.C. for this year’s Farm Credit Fly-In and Farm Credit Communications Conference. After last year’s virtual event, it was good to be back in person to advocate for those ag issues important to our Members.
If you have visited our Jonesboro branch any time over, say, the last 15 years or so, it’s a good bet you recognize Customer Service Representative Becky Street. Becky has been a mainstay there for the last decade-and-a-half, first at the front desk, and currently in loan services, working on conversions, extensions, releases and transfers.
The winners of our latest Photo Contest have been announced. These winning photos may be featured in: Across The Midsouth newsletter, calendar, FCM website, and you may even see some photos hanging in your local branch offices.
In 2020, the crop insurance program paid out almost $5 billion in indemnities to producers across the United States who had purchased, and were therefore protected by, crop insurance. Crop insurance provides a safety net against perils such as frost, drought, disease, flooding and hail. Without a strong crop insurance program, uncontrollable changes in weather could undermine farmers’ financial security and place the entire farm economy in jeopardy.
What a great crop year 2021 will be remembered for by many farmers! Great yields and great prices in the same year are rare. Unfortunately, another anomaly in 2021 that will long be remembered was the devastating December 10th tornado. Its impact on the agricultural communities in Northeast Arkansas, especially the towns of Trumann, Monette, and Leachville, has been enormous.
Knowing your break even costs is going to be a key component to success. In farming, this is one of the hardest calculations to come up with since farming has several variables that play a role in the operation. One of the largest variables is annual increases for overall input costs from inflation. Input costs typically are not known until they are realized.
Most area growers are wrapping up harvest on their farms. The expectation is that 2021 will certainly be a great year, both for Farm Credit Midsouth and our Members. As we round out the season, Midsouth farmers are experiencing above-average yields and great prices. Rarely do we get these two to come together!