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James McJunkins

Letter from the CEO

James McJunkins

President & Chief Executive Officer
Farm Credit Midsouth

Here we sit at the end of a decade. 2019 was a challenging year in its own right, but it brings to a close a very volatile decade as well.

As we look back over the last 10 years, we have seen more than our share of volatility — soybeans from $8 to $17, corn from $3 to $8, rice from $9 to $17 per cwt, cotton from .57 to 2.13 and extremely high temperatures in 2011 to extremely high rainfall in 2018 and 2019. Agriculture volatility is not something new to Farm Credit.

For more than 100 years, through depressions in the 1930s, booms in the 1970s and the desolation of the 1980s, we have remained steadfast, making loans to our farmers. Over that time, many lenders have come and gone, sold or merged. Agriculture is not a primary focus for most of them, so they have a choice in good or bad times.

Despite the volatility in the markets or challenges from Mother Nature, Farm Credit Midsouth has remained constant in our mission and values. Yes, we have weathered changes in people and prices, but who we serve and how we make credit decisions stays the same. We are a cooperative; which means we charge what we must, keep what we need, and return the rest. We keep our capital strong and our people are 100 percent focused on agriculture and rural lending. We have always promised to serve agriculture despite the conditions or volatility. Through the last decade and moving forward into the next, we will be here!

James McJunkins

President & Chief Executive Officer
Farm Credit Midsouth

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