![]() ![]() If a customer’s loan is retired without a new one being written, that stock is then sold back to Farm Credit for the same $1,000.Ĭlawson explained that every Farm Credit loan, by regulation, has to be to an entity with farmer ownership. ![]() As long as their loan remains active, the stock ownership remains in place. “We are a lender that is much more patient with an ag industry that is going through a difficult time.”ĭan Clawson, Executive Vice President and Chief Lending Officer, AgWest Farm CreditĮach Farm Credit association is run by a board of its grower customers, who are also the owners of the associations, and each customer must invest $1,000 in non-negotiable stock as part of their loan package. ![]() “We provide a consistent, reliable source of credit, and we don’t ever exit a segment of the industry,” he said. “All we lend is to agriculture,” he said, noting his organization works with farmers in Northern California, the Pacific Northwest, and bordering states. As a grower-owned cooperative that only deals in the agricultural sector, Farm Credit is uniquely positioned to handle the financial needs of western farms.ĭan Clawson, executive vice president and chief lending officer of AgWest Farm Credit, a Farm Credit association active in California, said it is the specific ag focus that sets Farm Credit apart from other lenders operating in the space. ![]()
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