Tag Archives: Farm

Farm Credit Reminds the Public that September is Life Insurance Awareness Month

Louisville, KY (Vocus) September 19, 2009

When times are tough and margins tight, cutting costs is essential. However Amy Jackson, Vice President of Insurance for Farm Credit Services of Mid-America, stresses that cutting back on one’s life insurance isn’t a good option.

“Our customers have worked hard to build their farm operations, homes, and plans for their families’ futures,” said Jackson. “In difficult economic times, it’s more important than ever to maintain appropriate levels of life insurance coverage as an essential part of one’s overall risk management strategy.”

With September being Life Insurance Awareness Month, Jackson said that now is a good time for customers to take stock of their provisions for protecting their loved ones or for securing the future of their businesses. Many factors — marriage, children, grandchildren, debt, employment changes, aging parents, business structure, retirement — can create changing needs for insurance. And while no one likes to think about death, she said that sooner or later nearly everyone needs life insurance for things like:

Replacing income for your family’s living expenses
Paying off debt or other obligations
Cover final expenses (funeral, medical, long-term care, etc.)
College funding for your children or grandchildren
Estate transfer and tax obligations
Jackson said that FCS offers many products to meet the life insurance needs of its customers, from the most competitive and financially sound insurance companies in the market — A-rated companies like Minnesota Life, Prudential, Banner Life, West Coast Life and more.

While FCS offers a complete line of products to meet differing needs, Jackson said that in today’s tough and volatile economic climate, customers seeking the maximum coverage for their insurance dollar might want to consider term life insurance.

“Term life insurance typically offers the highest benefit at the lowest cost to the customer, and all death benefits are tax free to the beneficiaries,” said Jackson. “Our term products are individually written for amounts ranging from $ 75,000 up to $ 10 million or more, depending on your needs. Term life is a key component in many customers’ overall life insurance coverage today.”

FCS provides terms of five to 30 years, with the coverage and premiums remaining level for the term selected. For an additional cost, customers may also choose to add optional benefits such as:

Return of Premium – Rider provides 100 percent of the premium paid back to the insured, if still living at the end of the term. A great investment tool for younger folks.
Child Rider – Provides coverage to all children under age 17, can be purchased in $ 1,000 units.
Convertibility Options – Allows customers to convert their term policy to a permanent policy without having to prove insurability. A great option in the event of a life change such as failing health or the need for coverage beyond the original term.
Farm Credit Services of Mid-America currently provides life insurance coverage for one of every six customers, with over $ 1 billion in customer lives insured. Other popular options include group life insurance for FCS loans, and disability coverage for mortgage loans.

FCS has a number of calculators and other resources available to help customers determine their insurance needs. To access them, visit http://www.e-farmcredit.com (click on Farm Loans, then Insurance). You may also contact your local FCS office to request a free custom quote at no obligation.

About Farm Credit Services of Mid-America

Farm Credit Services of Mid-America is an ag lending cooperative managing over $ 15.5 billion in assets and serving over 85,500 farmers, agribusinesses and rural residents in Kentucky, Ohio, Indiana and Tennessee. The association provides loans for all farm and rural living purposes including real estate, operating, equipment and housing and related services such as crop insurance and life insurance and vehicle, equipment and building leases. For more information about Farm Credit or the nearest FCS office, call 1-800-444-FARM (3276) or visit them on the web at http://www.e-farmcredit.com .


Hearing on Future of the Family Farm Misses the Point

Washington, D.C. (PRWEB) February 03, 2012

Yesterday, the Subcommittee on Agriculture, Energy and Trade met for a hearing entitled The Future of the Family Farm: The Effect of Proposed DOL Regulations on Small Business Producers. Chaired by Congressman Scott Tipton (R-CO), the hearing focused on the implications the U.S. Department of Labors proposed update to the Hazardous Orders for child labor in agriculture would have on the farm industry. The Association of Farmworker Opportunity Programs (AFOP)was disappointed by the lack of focus on the dangers posed to children working in agriculture.

The reality is that children are needlessly killed and maimed every year in agriculture, said Norma Flores L

Catholic Relief Services Urges Senate to Protect Development Food Aid in Farm Bill

Baltimore, MD (PRWEB) April 24, 2012

Catholic Relief Services, the official international humanitarian organization of the Catholic Church in the United States, is urging the Senate Agriculture Committee to fund food aid for development programs at a minimum of $ 450 million in the reauthorization of the Farm Bill.

There are certainly many things in this bill we like, said Bill OKeefe, CRS Vice President for Advocacy. But we are concerned that it could have a real negative impact on long-term projects designed to alleviate hunger and nutrition problems in developing countries around the world.

While the Senate Farm Bill as introduced reauthorizes Food for Peace food aid program funding at $ 2.5 billion a year and provides greater flexibility in how those resources can be usedboth laudable movesit also calls for development food aid to receive only 15 percent to 30 percent of overall Food for Peace resources, guaranteeing funding of only $ 275 million a year.

CRS position is that development food aid needs to be funded at a minimum of $ 450 million a year.

We understand that some will say the $ 275 million is a minimum figure that can rise, but our experience, particularly in a time of tight budgets, is that the minimum is all these programs will get, OKeefe said. This could really damage our countrys food aid program, cutting almost 40 percent from our development programming budget.

CRS points out that it was this kind of long-term development work that made many communities in East Africa more resilient, helping them avoid famine during the recent devastating drought. The ongoing success of such development work can be seen in Burkina Faso as it weathers the current Sahel food crisis; in Haiti as the agricultural sector helps the country recover from the 2010 earthquake; and in Bangladesh, where such work helps poor farmers survive cyclical floods.

We know that people will always needand receiveassistance during emergencies. But CRS also knows that development work means that fewer will need such help in the future, OKeefe said. This is the type of smart investment that the U.S. should be making with its assistance programs.

CRS is also concerned that the cost recovery requirements in the bill as introduced do not adequately take into account the variations in overseas markets and shipping requirements, and could end up doing damage to aid programs.

CRS does applaud many provisions in the bill, including the Committees efforts to make Local and Regional Procurement of food aid permanent with a $ 40 million yearly program that would be implemented in conjunction with the McGovern-Dole International Food for Education and Child Nutrition Program, as well as the Committees direction of studying and supporting resiliency efforts in the Horn of Africa.


Catholic Relief Services is the official international humanitarian agency of the Catholic community in the United States. The agency provides assistance to people in need in nearly 100 countries, without regard to race, religion or nationality. For more information, please visit http://www.crs.org or http://www.crsespanol.org.

Ohio Farm Bureau Honoree Draws From Past, Looks To Future

Louisville, Ky (PRWEB) January 11, 2013

For Ohio Farm Bureau Excellence in Agriculture winner Greg McGlinch, a passion for agriculture comes pretty naturally.

Im the fifth generation of our family on the farm, so you might say its just tradition, smiled McGlinch of Versailles, Ohio. Its something Ive always enjoyed and something I want to share with our kids. I also want to do what I can to let everyone know whats going on in agriculture.

The award, which McGlinch, 32, won at the recent Ohio Farm Bureau Convention, recognizes successful individuals, 35 or younger, who are involved in production agriculture, but for whom farming is not their primary occupation. The Excellence in Agriculture Program, which is sponsored by Farm Credit Mid-America, recognizes farm involvement as well as participation in Farm Bureau and other community organizations. McGlinch will compete with other state winners for national honors at the American Farm Bureau Federation National Convention in Nashville, Tenn. that begins Jan. 13. For winning the Ohio award, McGlinch received a John Deere Gator, compliments of Farm Credit.

McGlinch is a graduate of The Ohio State University with a degree in agricultural education. In his position as a manure and nutrient management/urban technician with the Darke County Soil and Water Conservation District, he works with livestock producers and crop farmers to develop best practices on their operations. Increasingly his role includes educating them about emerging conservation practices, like cover crops. He also advises municipalities on storm water management and related practices. McGlinch is currently working on a masters degree in agronomy from OSU.

In addition to his SWCD responsibilities, McGlinch and his wife Janet farm with Gregs parents, Gary and Sharon McGlinch. The farm produces corn, soybeans, wheat, rye and clover, but Greg also uses the farm as a laboratory of sorts to try different cover crops and conservation practices. This helps him in his SWCD responsibilities to be able to assist other farmers from his own firsthand experience.

In addition, McGlinch raises hogs for freezer pork, as well as chickens and eggs for local customers, and uses the opportunity to teach non-farm customers who like to buy local about todays agriculture.

It brings people closer to the farm, and we tell them what were doing on our operation, explain how we use GPS and other technologies, and even give an occasional tractor ride, he said. It really helps them connect with agriculture.

McGlinch has been active in a number of community activities, Farm Bureau being primary, where he has been a board member.

Farm Bureau has been a real help to me, he said. As a result of Farm Bureau, I have a network of contacts across Ohio and the nation, which is a great resource to me in my work.

Angie Otte is a financial services officer with Farm Credits Versailles office, and she said that she and Greg frequently find themselves at the same farm events, with Greg working the soil and water aspects, and she, ag financial services.

Greg is very deserving of winning this award for excellence, she said. Hes a great resource to farmers in this community.

While McGlinch has a passion for agriculture, conservation and educating othersboth in and outside of agriculture he has some significant other reasons for the things he does.

We do a lot of conservation practices on our farm, and part of that is because that I want to protect our resources for future generations, he said. I want to leave our farm in better shape than we found it so that our kids (he and Janet just had their fourth child) can look forward to a good future.