alabama-farm-credit

AG Night 2025 Recap: A Night to Remember

Mon, 21 Jul 2025 15:15:17 GMT

AG Night 2025 Recap: A Night to Remember

On June 13th, AG Night 2025 brought the community together for an unforgettable evening at the Huntsville Trash Panda's baseball game. Hosted in collaboration with the Together We Grow Foundation, the event aimed to raise funds for scholarships, supporting the next generation of agricultural leaders.

The night was filled with excitement and meaningful moments:

VIP Panel: Industry leaders shared insights and inspired the crowd.
Dinner: Guests enjoyed a meal while connecting with others passionate about agriculture and education.
Baseball Game: The Huntsville Trash Pandas delivered an action-packed game that kept everyone on the edge of their seats.
Fireworks Show: The evening ended with a display of fireworks lighting up the night sky.

AG Night 2025 was more than just an event, it was a celebration community, collaboration, and the future of agriculture. Thank you to everyone who attended and supported this event. Together, we’re making a difference, one scholarship at a time.

Annual Impact Report Video 2025

Thu, 22 May 2025 15:18:20 GMT

Annual Impact Report Video 2025

At Alabama Farm Credit, we’ve been proudly supporting agriculture for over a century, standing shoulder-to-shoulder with farmers and ranchers through dependable financial services and an unwavering commitment to our community.

Rooted in personal connections to agriculture and guided by cooperative principles, we strive to foster growth and shared success. As we move forward, we remain deeply dedicated to our mission and our community.

Alabama Farm Credit is more than just a financial institution; it’s a trusted partner in advancing the success and resilience of agriculture across our region. With excitement for the road ahead, we are committed to serving our members with integrity, empathy, respect, and value.

Together, we are growing stronger and shaping a brighter future for agriculture.

5 Ways to Prepare Your Farm for the Alabama Heat

Wed, 30 Apr 2025 15:20:36 GMT

This is a subtitle for your new post

Summer’s almost here and if you’ve been farming in Alabama for a long time, you know it’s not just the sweet tea that gets hot. With rising temps, surprise thunderstorms, and long days in the field, it’s important to get ahead. Whether you’ve been farming your whole life or you’re just getting started, here are five ways to get your farm ready for the Alabama summer.

1. Check Your Water Systems

Summers in Alabama can be brutal with heat indexes climbing over 100 degrees. That means your livestock and crops need a solid, dependable water supply.

For Livestock: Make sure waterers and troughs are clean and shaded. Check for leaks and test water quality if it’s from a pond or well.
For crops: Inspect irrigation lines, pivot systems, and other things. Test timers and make sure nozzles are clear.
For you: Don't forget to drink water! Stay hydrated while you’re working under that hot sun.

2. Tune Up Equipment Before You’re in a Bind

From Tractors to Bush Hogs summer is not the time to be waiting on parts. Do a quick equipment check now.

Change oil and filters
Sharpen blades
Grease bearings
Check tire pressure and battery levels

Even if you’re just starting out, taking care of your equipment will save you big headaches later.

3. Look for pests

Bugs come out as soon as the temps rise and Alabama has no shortage of them (think Alabama’s unofficial state bird, The Mosquito). Armyworms in hayfields, Stink Bugs, Beetles and more, early detection is key.

Walk your fields weekly
Look under leaves and at plant bases
Keep an eye out for unusual wilting and holes

A good pest source is the Alabama Extension Office . They’re a great (free) resource.

4. Protect your soil

Alabama’s soil is rich, but our summer storms can wash it away fast. A few dry weeks can take a toll.

Use cover crops or mulch to retain moisture.
Create natural windbreaks with trees or fencing
Rotate pastures to give your grass time to recover.

5. Review your emergency and insurance plans

We all hope every summer goes smoothly, but in Alabama, summer can bring hail, tornadoes, heavy rain and lightning. Any of these can knock out power, or worse.
Review your crop and farm insurance policies. Don’t have a policy? Contact Farm Shield for a Livestock or Crop Insurance quote.
Make sure your generator is working.
Create a quick checklist for what to do in a weather emergency.

Summer in Alabama can be beautiful and bountiful, but only if you’re ready for the heat. Whether you’re raising chickens or managing acres of pasture, getting ahead of summer gives you more time to enjoy what you love the most.

If you have questions about financing a new tractor , buying your first piece of la nd or just need someone to talk through your options, Alabama Farm Credit is here for you.

Member Spotlight - Whit and Amanda Lovelady

Thu, 12 Dec 2024 15:24:24 GMT

Member Spotlight - Whit and Amanda Lovelady

Meet AFC Members Whit & Amanda Lovelady, Talladega County's Outstanding Young Farm Family! ��

Honored at the Alabama Farmers Federation's 103rd Annual Meeting, the Lovelady family embodies dedication, innovation, and hard work. Their diversified farm in Alpine—featuring Angus, Charolais, and commercial cattle herds, along with hay production and forestry mulching—is a testament to their relentless commitment to advancing agriculture.

This recognition is well-deserved for a family whose efforts strengthen our farming community and inspire us all.

To learn more about their story, check out this video.

The Link beefs up food pantry

Thu, 10 Oct 2024 15:26:30 GMT

The Link beefs up food pantry

Benjamin Bullard bbullard@cullmantimes.com

The Link beefs up food pantry | News | cullmantimes.com

The food pantry outreach offered by The Link of Cullman County has just gotten a little bit more local — and a whole lot beefier.

Thanks to a new partnership between one Cullman-based cattle farmer and his meat-processing colleague up the road in Morgan County, The Link’s food pantry can now add Alabama-raised meat to the menu of food items it offers each week to area residents in need.

On Wednesday, The Link welcomed the first of what’s sure to become many more meat deliveries under the new arrangement, as cattle farmer David Daily and meat processor Titus Weaver helped unload more than 500 pounds of ground beef and 200 pounds of breakfast sausage; centerpiece protein items — all donated by Daily and Weaver — that will soon end up on tables across Cullman County.

Daily, a Cullman resident with a large beef operation near Russellville; and Weaver, who helps run his family’s Weaver Meat Processing business in Hartselle, each are members of the Cullman-headquartered Alabama Farm Credit cooperative that extends rural lending services to farmers across 27 north Alabama counties. It was through that shared relationship that Alabama Farm Credit also got involved, in the hope that more area beef producers might see the win-win community benefit in donating a portion of their product to outreach agencies like The Link.

“It’s a good intermeshing of our rural community with sort of the city aspect of Cullman, and the broader needs of Cullman County,” explained Alabama Farm Credit CEO Mel Koller. “We’re a mission-driven organization, and we’re specifically driven to help production agriculture in the rural communities. So this is a wonderful crossover where the producers are involved, the processors are involved, the community’s involved, and The Link makes it happen.”

The need for donated food has only risen since the COVID-19 pandemic, a period when Daily first struck on the idea of sharing some of his beef at a time when food prices were surging. Since then, as The Link board of directors member Jerry Smith explained, inflation has sustained and even expanded that need, as more local families seek the nonprofit’s food pantry services with each passing week.

“We’ve seen a 600 percent increase in traffic since the first of this year,“ said Smith. “And, the thing is, we don’t really see that slowing down anytime soon.”

“Right now,” added The Link Executive Director Melissa Betts, “we’re serving about 800 families in an average month. From January of this year until this past week, we had already served more than 14,000 assistance records, and of that number, that incorporates about 4,500 families or households in this community [who receive food assistance].”

Located on the city’s east side at 708 9th Street SE, The Link opens its food pantry twice each week (Tuesdays and Thursday from 9 a.m. until 3:30 p.m.), offering food recipients a store-like shopping experience where families can browse the nonprofit’s selection of donated food items.

Thanks to Daily and Weaver, those options are expanding to include Alabama-raised meats. It’s an idea, as Daily hopes, that could grow even bigger if more area producers learn of its benefits (which for farmers includes an annual tax break), and begin pitching in with contributions of their own.

“For me, donating two or three [animals] a year is not a big deal,” said Daily. “But I can’t donate 40 a year — and that’s what The Link, and the other food banks in this area, really need. We’d love to see it scale beyond just us.”

Cattle farmer David Daily of Cullman, left, discusses his new donor’s partnership with members of The Link of Cullman County Wednesday.

The Link of Cullman County hailed a new partnership this week that welcomes area beef producers to join its mission of helping the hungry. Pictured from left as the nonprofit took delivery of its first locally-raised meat donation are Mel Koller, Alabama Farm Credit CEO; David Daily, cattle farmer and food donor; Titus Weaver, meat processor and food donor; Melissa Betts, executive director of The Link; and Jerry Smith, who serves on the nonprofit’s board of directors.

Alabama Farm Credit's 2024 Summer Interns

Wed, 05 Jun 2024 15:28:56 GMT

Alabama Farm Credit's 2024 Summer Interns

Join us in welcoming our 2024 summer interns! We are thrilled to have selected three students for the summer program, and we look forward to guiding them through a summer filled with hands-on learning, valuable networking opportunities, and exposure to the agricultural finance industry.

Throughout the program, interns will gain practical experience related to lending, credit risk analysis, financial analysis, and much more. In addition, there will be opportunities to hear from experts in the industry through informational sessions and networking events. Our internship program is designed to provide a supportive and engaging learning environment conducive to developing professional skills.

Our interns are Catherine Roberts, Logan Tharpe, and Kiera Collins. Each student brings unique perspectives, which will be invaluable to our association this summer. Keep reading to find out more about our summer interns.

Catherine Roberts

Catherine is a recent graduate from The University of Alabama in Huntsville where she majored in Studio Arts with a concentration in Animation and Drawing and minored in Creative Writing. “I have a love for graphic design, and a family history in agriculture. I am excited to learn more about the world of marketing during my summer with AFC.”

Logan Tharpe

Logan is from Madison, Alabama and currently a student at Auburn University, with plans to graduate in August of this year with a degree in Agriculture Business and Economics. “I am eager to use the classroom knowledge I have learned from Auburn and apply it in the real world during this internship. I am so excited to be joining the AFC family for the summer internship.”

Kiera Collins

Kiera is from Harvest Alabama and studying Agricultural Business and Economics at Auburn University. She is an upcoming senior and has involvements in several college of ag organizations. “I am excited to be with AFC this summer, because I want to gain well-rounded experience in the field of agricultural lending. Everyone at AFC is welcoming and supportive, I know I will have a positive and insightful experience!”

We are excited to welcome the 2024 Alabama Farm Credit Summer Interns and can't wait to see the growth and success they will achieve throughout the program. Whether you have a strong interest in agricultural finance or are looking for a unique and meaningful summer experience, we encourage you to apply to the program in 2025.

Avian Flu

Tue, 21 May 2024 15:30:59 GMT

Avian Flu

There is no such thing as too much biosecurity, as it is always of utmost importance.

Here are five important safety points to remember to keep your farm safe!

Avoid contact with migratory waterfowl.
Do not allow visitors to your farm. If they must come on farm, they must practice strict biosecurity while they are on farm.
Change clothes and shoes before entering poultry houses and before leaving the farm.
Have dedicated footwear or shoe covers for each poultry house.
At the first sign of increased mortality, anything over ¼ of 1% of house capacity, or severe decrease in water consumption, please contact your company service personnel.
Keep all non-essential personnel away from the poultry houses.

Highly Pathogenic Avian Influenza (HPAI) is rapidly spreading across the broiler belt of the United States, with migratory waterfowl as the primary carriers. Alabama is a part of the Mississippi Flyway migration route of these birds, putting one of the state’s most important agricultural commodities at risk: commercial poultry.

The Risks

Domestic fowl have no natural immunity to HPAI, and there is no treatment for the resulting disease. The virus is also extremely virulent and spreads in an enclosed aviary or commercial poultry house like wildfire. The only way to control further spread is to euthanize the entire flock after confirmation of the disease. For the commercial poultry industry, this means the potential loss of millions of birds.

Potential for Economic Losses

The scope of the economic catastrophe resulting from a major HPAI outbreak in Alabama is difficult to grasp. However, when one considers the recent economic impact estimation of $15 billion total from poultry operations in the state, even a small percentage means a lot of dollars lost.

For a contract poultry grower, the loss of an entire flock of birds would be devastating. No grower can withstand the loss of one-fifth of their entire annual revenue and not be put in a dire financial situation. For the average grower in Alabama, the loss of a flock could equate to the loss of $45,000 to $55,000 in revenue. These types of losses are typically not covered by normal farm insurance policies, and often the contract provider has no relief to offer. For every dollar the grower loses, the company loses as much as ten times that amount in cost and potential revenue.

The USDA does have an indemnity program to compensate growers for the destroyed flock, disposal of the carcasses, and cleanup of the infected facilities. However, this amount does not cover all the losses that are incurred by either the grower or the company. For more information, see the USDA publication The HPAI Indemnity and Compensation Process Start to Finish .

Biosecurity Measures Must Be a Priority

During a recent University of Arkansas Agriculture Research and Extension webinar on HPAI for industry professionals, Terry Conger, a poultry health epidemiologist with USDA’s Animal and Plant Health Inspection Service (APHIS), encouraged a lockdown around poultry activities. Conger warned that because of the perpetual risk of HPAI from waterfowl, the only preventive tool growers can rest their hopes on is stringent biosecurity. The bottom line is that every grower in the state must do everything possible to keep HPAI out of their flocks. Because HPAI infection can spread quickly by the movement of contaminated shared equipment, vehicles, service personnel, visitors, and pests including rodents and insects, poultry growers cannot be too stringent in their efforts to protect their flocks.

Every integrator in Alabama has tightened their biosecurity procedures in recent years, but the weakest link is always at the grower level. This is simply because the growers have daily contact with their birds. As HPAI becomes more widespread, biosecurity must become an automatic part of life for those that oversee a commercial or backyard flock.

Resources

For more information on proper biosecurity at the farm level, see the Alabama Cooperative Extension System publication Biosecurity for Backyard Poultry Flocks . Other resources from the USDA include Defend the Flock – Biosecurity 101 and Highly Pathogenic Avian Influenza Standard Operating Procedures: Biosecurity , both available at www.aphis.usda.gov .

Ray Hilburn and Morgan Flowers of Alabama Poultry & Egg Association provided information for this blog.

Annual Impact Report Video 2024

Mon, 20 May 2024 15:33:06 GMT

Annual Impact Report Video 2024

At Alabama Farm Credit, our mission is to be a reliable source of credit and financial services to farmers and ranchers. We do this while upholding our core values of integrity, empathy, respect, and value. With over 100 years of history, we remain committed to supporting rural communities and agriculture today and for generations to come.

Our dedicated team of experts, many with their own personal ties to farming, ensure that our products meet the unique needs of the agricultural community. Through our Patronage Program, we invest back into the community, demonstrating our commitment to our members and cooperative principles.

As we look ahead, we remain committed to our mission and our community. Alabama Farm Credit is not just a financial institution; it's a partner in the success and sustainability of agriculture. We are excited about the future and look forward to continuing to serve our members with integrity, empathy, respect, and value. We were here for your grandparents, and we'll be here for your grandkids.

Together, we will continue to grow and thrive for a brighter future. Thank you for your continued support of Alabama Farm Credit.

David Winston Bryant and Jordyn Upchurch Elected to the Board

Tue, 14 May 2024 15:34:29 GMT

David Winston Bryant and Jordyn Upchurch Elected to the Board

Congratulations to David Winston Bryant and Jordyn Upchurch on their election to the Alabama Farm Credit Board of Directors. The elections were held on May 13th at the annual stockholders meeting. The association extends appreciation to all the member-stockholders who attended the meeting and the nominees who ran for election.

The Link in Cullman, Alabama: A Community Response to Hunger and Homelessness that goes Beyond the Holiday Season

Tue, 19 Dec 2023 15:37:16 GMT

The Link in Cullman, Alabama: A Community Response to Hunger and Homelessness that goes Beyond the Holiday Season

Hunger and homelessness are prevalent issues all around the world. Even in the United States, many families struggle every day just to put food on the table and have a roof over their heads. This impact is felt tenfold when the holiday season rolls around. In Cullman, Alabama, the Link of Cullman County is an organization that helps to feed and care for families in need. In 2023, the need has tripled in size, and Alabama Farm Credit ‘s administrative office and AFC’s Cullman branch have joined forces to step in and help.

“We exist to help our neighbors in their times of need by Linking people to help from all sources.”

The Link’s mission is to inspire and uplift those living in poverty, encouraging them to dream bigger and believe that there is more in store for them. They understand that achieving these dreams requires the combined effort of many, so that is why they strive to connect resources, people, and needs. Through collaboration with community members, school leaders, church staff, and other non-profits, The Link has created programs and services that not only help those in poverty, but also foster meaningful relationships.

“For the past eight years, we have been fortunate enough to serve as "The Link". Our transformative ministry embraces everyone, regardless of their circumstances, beliefs, or economic status. We meet people where they are and provide the support they need to thrive.”

Calling on our Community

With the local economy changing and population ever-growing, so is the need for The Link. Here are some ways that you can help meet these needs so that no one must go through these hardships alone:

Donate to The Link in Cullman, Alabama - Donate – The Link of Cullman County (linkingcullman.org)
Sign Up to Volunteer - Volunteer Form – The Link of Cullman County (linkingcullman.org)
Donate Goods - Donate to The Link of Cullman County (bloomerang.co)
Become a Corporate Sponsor – email melissabetts@linkingcullman.org

Currently, the Link serves 90 families a day, and this number continues to rise. To further support this endeavor, Alabama Farm Credit has become a tier sponsor, which includes a contribution of $2,500.

Empowering Women in Agriculture: The Journey of Liz Spruell and Spruell Farms

Fri, 08 Dec 2023 15:39:40 GMT

Empowering Women in Agriculture: The Journey of Liz Spruell and Spruell Farms

Agriculture is a challenging industry, with its fluctuating markets, unpredictable weather patterns, and exhausting work. Add to that the gender disparities that have long plagued the field, and it becomes even more daunting. But one woman, Liz Spruell, has carved out her place in the agriculture industry while also becoming an empowering voice for women. Liz is the owner of Spruell Farms and has been passionate about farming since childhood. She is at the forefront of running her family farm and inspires other women to take up the reins in agriculture. The story of Liz Spruell is a shining example of how female farmers are turning the tide in agriculture, and shattering the glass ceiling, one crop at a time.

Meet Liz Spruell, a 4th generation farmer and proud owner of Spruell Farms.

This family-run operation has been thriving since 1947 when Liz's great grandfather first started it. For generations, the Spruell family has been passionately tending to the land and growing their crops. Now, under Liz's capable leadership, the farm continues to flourish. They currently cultivate an impressive 6000 acres of cotton, corn, soybeans, and wheat. Notably, their cotton is even sought after by Victoria’s Secret & Co. as part of their Cotton Journey . Join us as we uncover the remarkable story behind Spruell Farms and the incredible work Elizabeth, and her family are doing.

Spruell, a dedicated farmer with a 22-year background in banking, seamlessly blends her love for agriculture and finance. Raised on the farm, her close bond with her father, Sam Spruell, fueled her ambitions, and he continuously championed her dreams. While she excelled in the banking industry, Liz never lost sight of her ultimate goal - to return and lead the family farm. Armed with valuable insights gained from her banking experience, she has poised herself and the operation for ensured success of the farm for generations to come.

Sam Spruell was diagnosed with chronic kidney disease, leading to the future planning for Spruell Farms. For five years, Liz worked through a succession plan, and that was certainly not always a simple journey. Initially, she grappled with numerous uncertainties and navigated learning the operation more intimately. Moreover, she also had to grapple with the emotional process of coming to terms with the possibility of losing her beloved father.

“Year three is a year of empowerment, and we really feel as though we are honoring the legacy. I always knew that I would come back and run the farm at some point in time. I had hoped to have the opportunity to work alongside him, however we weren’t awarded that privilege,” Spruell said.

Spruell Farm’s Alabama Farm Credit story began during their succession transition. “When we began getting more in depth in my financial training at the operation and exploring options for relationship, that’s when we moved our entire bank relationship to Farm Credit,” Spruell said. Alabama Farm Credit has continually shown their investment in providing creative solutions to sustain and expand the operation. “It’s an advisory type of relationship.” She found creative ways to deal with challenges and to grow by adopting innovative technologies that helped in improving yields, reducing costs, and enhancing efficiency.

Liz Spruell is now a board director at Alabama Farm Credit, but more notably, the first female elected board director in Alabama Farm Credit history.

“My election to the board two years ago was pivotal to me, both personally and professionally. As a client of AFC and having worked at other institutions, I knew I wanted to work for an organization like that. My role as a board director gives me that opportunity. With the experience and expertise, I’ve developed in treasury management, risks, and now day-to-day farm operations gives me the opportunity to be a strong advocate on the board. I can represent both sides, as I understand from the bank perspective and from the side of the farmer, providing mutually beneficial solutions,” Spruell said.

Liz Spruell's journey in agriculture has been an inspirational one. She has shown us that nothing can stop you from doing what you love, and a family legacy is infinite. Liz's dedication, passion, and hard work in farming have made her a role model for aspiring women in this field. She is not only an empowered woman in agriculture, but she is also encouraging other women to do the same. Her story is a beacon for all women who aspire to choose agribusiness as a career path. Liz Spruell is indeed a force to reckon with, and her journey in agriculture is nothing short of inspirational. Which is exactly why Victoria’s Secret & Co decided to include Spruell Farms as part of their new initiative, Cotton Journey . This is a concerted effort on the part of VS & Co. to source 50,000 bales of cotton purchased annually from minority owned farms in Alabama. Rather than using foreign, large-scale manufacturers, VS & Co. decided to be intentional with their supply chain. This effort, the first of its kind, will allow for continued growth of female and black-owned farms right here in Alabama.

What advice would you give to someone looking to grow their operation or start one from the ground up?

Know your business, know your numbers, but most importantly, it must be something you have an undying passion for. If you don’t love it, you will never grow it.

Reeves Peach Farm: A Legacy of Fresh, Tree-Ripened Peaches

Fri, 29 Sep 2023 15:41:24 GMT

Reeves Peach Farm: A Legacy of Fresh, Tree-Ripened Peaches

Discover the rich history of Reeves Peach Farm, settled in 1835 by Thomas "Jack" Reeves near Hartselle, Alabama. From humble beginnings farming cotton, corn, and vegetables for their own consumption, the farm's legacy has evolved into something extraordinary.

Reeves Peach Farm is an operation is North Alabama, that produces and sells large varieties of crops, with a special focus on peaches. Mike Reeves, owner of the farm, runs the business with his sons, where they carry on a legacy that is now 5 generations deep. Their farm has not always been in the fruit production business. In 1950, Mike’s great grandfather and his sons grew some watermelons and proudly sold them under the shade of oak trees to neighbors and passersby along Highway 36. As this took off, Mike’s dad and grandaddy built a fruit stand in 1959, where they introduced many other fruits, including their infamous peaches. This is just the start of what would become a well-known, successful operation.

The farm operates on 160 acres, with 25 dedicated to peaches. Although peaches are their trademark, the farm is continually adding more value with other commodities. This spans from ice-cream to pies to salsa and more. All these products find ways to include their tree-ripened peaches.

From May to September, they rotate different varieties of peaches. Instead of picking all the peaches at once, they will wait until they are ripe on the tree. “When selecting peaches, we look for the right color - my dad always said to go for the biggest and reddest ones,” Reeves said. Through a thinning process, the farm removes 90% of the peaches from the tree and leave around 400 hanging. This is because too much weight can bog down the tree and affect the next year’s crop. Since there can be 30 buds on just one limb, they strategically leave only 2 buds on each limb – an investment in next year’s yield.

When they built and moved into their new building in 2020, they included a kitchen and restaurant. This only further expanded their footprint, and they now offer a full menu for guests to enjoy on site; the most notable of which is their peach wood smoked Barbeque. Peach trees must be replaced every 15 to 16 years, so instead of burning the brush they have found new ways to utilize these peaches through the restaurant.

“It’s a way of life, a good lifestyle. From an overall look at growing food locally, I think it is important that folks know where their food comes from. I’m retired supposedly, but I’m having so much fun that I just want to continue to get up and enjoy all of it that I can,” Reeves said.

This has proven to be a work of love with the way it has flourished over the years.

“Alabama Farm Credit was the clear choice for our loan, providing constant support and communication throughout the process,” Reeves said. Reeves goes on to outline that Alabama Farm Credit has made borrowing easy and accessible, always available to respond promptly to calls or texts.

Our partnership with Reeves Peach Farm began in 2019 when they built the building that they operate out of today. Being a part of watching this operation grow has been rewarding, but also, we share in those successes when we see our borrowers create and maintain sustainable operations.

“Working with AFC has been hassle-free, with minimal bureaucracy. Additionally, the annual dividend from AFC adds to our sense of being involved in the operation, and we eagerly anticipate its return each year,” Reeves said.

Mike Reeves and his team set continuous goals of what they want to provide and how they want to be known in the community. Typically, it involves providing a high-quality product to their customers, and giving them the opportunity to get something they can’t get anywhere else. “You can get peaches anywhere, but you can’t get tree-ripened peaches just anywhere. Most people haven’t tasted a tree ripened peach,” Reeves said.

The farm offers tours and “you pick” activities to get the community involved and educated on where their food is coming from. Reeves Peach Farm is a long-standing member of this community, with roots running deeper every year.

You can visit Reeves Peach Farm in Hartselle, Alabama at 336 Hwy 36E, Hartselle, AL 35640. Follow them on Facebook at Reeves Peach Farm to stay in the know on all the exciting new things happening on the farm.

Welcome to the 2023 Alabama Farm Credit Summer Interns

Fri, 16 Jun 2023 15:49:52 GMT

Welcome to the 2023 Alabama Farm Credit Summer Interns

Alabama Farm Credit has started a brand-new internship program for college students interested in ag, finance, credit, lending, or another supported fields. We are thrilled to have selected three students for the summer program and would like to welcome them to Alabama Farm Credit. We look forward to guiding you through a summer filled with hands-on learning, valuable networking opportunities, and exposure to the agricultural finance industry.

Throughout the program, interns will gain practical experience related to lending, credit risk analysis, financial analysis, and much more. In addition, there will be opportunities to hear from experts in the industry through informational sessions and networking events. Our internship program is designed to provide a supportive and engaging learning environment conducive to developing your professional skills.

Our interns are Matthew Wisner, Gracie Tribble, and Brady Fricks this year. Each student brings unique perspectives, which will be invaluable to our association this summer. Keep reading to find out more about our summer interns.

Matthew Wisner

Matthew is a recent graduate from the University of North Alabama with a Professional Finance degree. He is a goal-oriented team player and is eager to start with AFC.

Gracie Tribble

Gracie is approaching her senior year at Mississippi State University, studying Agribusiness Management. Gracie has been involved in many ag clubs and teams and has work experience at several farms.

Brady Fricks

Brady is studying at Auburn University and expects to graduate this upcoming fall. He is studying Agricultural Business & Economics and has participated in many different ag clubs there.

We are excited to welcome the 2023 Alabama Farm Credit Summer Interns and can't wait to see the growth and success you will achieve throughout the program. Whether you have a strong interest in agricultural finance or are looking for a unique and meaningful summer experience, we encourage you to apply to the program in 2024. Please scan the QR code below to be notified when applications are open.

2023 Alabama Farm Credit Scholarship Recipients

Fri, 16 Jun 2023 15:46:50 GMT

2023 Alabama Farm Credit Scholarship Recipients

Alabama Farm Credit is pleased to announce the Alabama Farm Credit Scholarship Program, providing scholarships to high school seniors entering college and two-year college graduates pursuing further education at a four-year university. Our program offers two distinct scholarships, each tailored to benefit specific groups of students. The Young Roots Scholarship is for high school seniors passionate about pursuing a degree in agriculture, accounting, forestry, finance, or business. Meanwhile, the Cultivating Leaders Scholarship supports students from our local community who are graduating from resident community colleges and are keen on pursuing a four-year degree in any of the abovementioned fields.

On April 28th, Alabama Farm Credit hosted a scholarship brunch for the winners and their families. This event was an excellent time for the association and recipients to network and receive a professional development presentation from HR Manager Debbie Dabbs. We are proud to be able to pour into the next generation in this way and are eager to see how they flourish at their chosen colleges.

Below are the winners from our 2023 program:

Hayden Mitchell

Hayden is graduating from Sylvania High School and plans to attend Auburn University in the fall. He will study Wildlife Science Pre-Vet at Auburn's College of Forestry and Wildlife Science.

Angela Harris

Angela is graduating from Vinemont High School and plans to attend Auburn University in the fall. She is pursuing a degree in accounting to help individuals in rural communities overcome financial difficulties.

Makayla Stewart

Makayla is graduating from Lexington High School and will attend The University of Tennessee at Martin in the fall. She will study Agriculture with a concentration in Veterinary Science and a minor in Agricultural Business.

Ethan Tapscott

Ethan is graduating from Holly Pond High School and plans to attend Wallace State Community College and Auburn University. He will be studying Agriculture, specifically Agribusiness and Ag Production.

Callie Ashley

Callie is graduating from Sylvania High School and plans to attend Northeast Alabama Community College and Auburn University. She will be studying Agricultural Business and Economics.

Carlin Parrish

Carlin is graduating from Woodland High School, attending Southern Union State Community College & then going on to Auburn University. She will be studying Agricultural Business & Economics.

Mary Ortiz

Mary is graduating from Calhoun Community College and is continuing her education at Auburn in the fall. She plans to study agriculture to start her successful farm and homestead.

How Ben Brown of Brown Dairy Farm Keeps the Family Legacy Alive with the Help of Alabama Farm Credit

Fri, 16 Jun 2023 15:43:34 GMT

How Ben Brown of Brown Dairy Farm Keeps the Family Legacy Alive with the Help of Alabama Farm Credit

Brown Dairy Farm has been a household name in Alabama for over 70 years. Starting as a smaller farm with a few cows, the Brown family worked hard to build a successful dairy operation that now produces over 20,000 lbs. of milk month-to-month. And the best part? The family has been able to keep the 70-year family business tradition alive, expanding their operation along the way with the help of Alabama Farm Credit.

Brown Dairy Farm was started 70 years ago by Ben's Pawpaw and used AFC to build and grow. Ben saw his Pawpaw's dedication to his craft and knew from a young age that he wanted to follow in his footsteps. Getting started at first was not easy, as this field is not where you can miss a day or take a day off. However, Ben has made this his life's work, and as a small farmer, he offers some valuable insight and advice for others interested in ag.

Keeping the Family Tradition Alive - For Brown Dairy Farm, it's all about hard work, dedication to animal welfare, and a commitment to producing high-quality products. Ben Brown learned these values from his grandfather and father, who worked tirelessly to build the business. Today, Ben carries on that tradition by putting his heart and soul into the farm daily. Their farm would not be sustainable without the help of the family. Brown's wife, kids, and uncle all take part in the day-to-day tasks and relish in these values that have been passed down.

A typical day on the farm is better described as the everyday. Brown mentions how "you just don't get to miss a day with it." They milk, on average, 60-75 heads of cattle per day, have a feed schedule of twice per day, and continually maintain the herd's health. Brown Dairy Farm has grain-fed and grass-fed cows, which affects the milk supply's taste. Another critical aspect of their success is monitoring the bacteria levels, food supply, and weather. On top of servicing their dairy operation, the Browns plant and harvest specialty crops that include watermelons, cantaloupes, and pumpkins.

Expansion and Modernization: While keeping the family legacy alive is important, Ben Brown knew that to stay competitive and meet the market's growing demands, he needed to expand and modernize the business. With the help of Alabama Farm Credit, he could do just that. Brown Dairy improved its milk production facilities and invested in equipment to make operations more efficient. The result? A more prosperous, sustainable business that's poised for continued growth.

Ben Brown and Brown Dairy Farm are a true success story. They've faced challenges, worked tirelessly, and always retained sight of the values that made their business successful in the first place. And with the help of Alabama Farm Credit, they've built a sustainable, thriving business that will stay in the family for generations to come.

What advice would you give to a young, beginning, or small farmer looking to get started in ag or grow their operation?

"The best advice I can give to young, beginning, or small farmers is that if it is your dream, hold it steady, and it will continue in the right direction. Everything you do daily keeps you going, so keep your head up, embrace the learning curve of a new day, and know that the Lord will plant you in that direction."

Brown Dairy Farm and Alabama Farm Credit are the perfect examples of successful agriculture partnerships. Together, they've kept the family legacy alive while modernizing and expanding the business. In addition, they remain committed to the future, always looking for ways to improve and grow. It's a reminder that anything is possible in agriculture with hard work, dedication, and the right partner.

Experience the Ultimate Hunting and Fishing Getaway at Willow Oak Lodge's New Pheasant Ridge Cabin

Wed, 17 May 2023 15:52:35 GMT

Experience the Ultimate Hunting and Fishing Getaway at Willow Oak Lodge's New Pheasant Ridge Cabin

If you're a fan of hunting and fishing, there's no better place to enjoy these outdoor activities than at Willow Oak Lodge's new Pheasant Ridge cabin. Owned by Tim and Kim Horton, this luxurious, all-inclusive retreat is the latest addition to their expanding operation, thanks in part to the support of Alabama Farm Credit. So whether you're an experienced hunter or just looking for a fun weekend getaway, Pheasant Ridge offers something for everyone.

Willow Oak was established in 1918 by Tim's great-grandparents, Charlie and Addie Underwood. Growing up on the farm came with many opportunities for being outside and enjoying nature, and it was the place where Tim started fishing. Professional Bass Angler Tim Horton began to fall in love with the outdoors and the properties of Willow Oak. A few decades later, Tim Horton and their wife, Kim Horton, established the property as their home. The solace and vast amenities have led to some of their fondest memories. This also drove them to think about ways to share the experience with others, and the rest fell into place from there!

Their operation has continued to grow over the years, with a new addition being the wedding venue, but their latest development is a brand-new cabin, Pheasant Ridge. The place houses beautiful natural architecture and a view you must see to believe.

Willow Oak boasts some of the finest hunting and fishing opportunities in Alabama. With over 1,000 acres of prime hunting land and multiple stocked lakes, you'll have access to plenty of wildlife, including pheasant, quail, deer, and turkey - you'll have an unforgettable time

It's not just the hunting and fishing that make Pheasant Ridge unique. The cabin is a luxurious retreat that offers all the comforts of home. The lodge features spacious bedrooms, each with a private bathroom, a large living area, a fully equipped kitchen, and an outdoor patio with a hot tub. So whether you're looking to host a large group or enjoy a romantic weekend away, Pheasant Ridge has everything you need to relax and unwind.

Pheasant Ridge wouldn't be possible without the support of Alabama Farm Credit. As a borrower-owned cooperative, Alabama Farm Credit is committed to supporting rural communities and businesses, including those in the hunting and fishing industry. By partnering with the Hortons to make their dream a reality, Alabama Farm Credit is helping to create jobs, boost local economies, and preserve this beloved American tradition.

If you're looking for the ultimate hunting and fishing getaway, look no further than Pheasant Ridge at Willow Oak Lodge. With top-notch hunting and fishing opportunities, luxurious accommodations, and amenities to suit every interest, it's the perfect place to unwind and reconnect with nature. And with the support of Alabama Farm Credit, you can feel good knowing that your stay is helping to support rural communities and businesses. So, what are you waiting for? Book your stay today and experience the magic of Pheasant Ridge for yourself! HOME | Willow Oak (visitwillowoak.com)

Nothing like a Father Daughter Bond: Erin Duke of Stockdale Farms

Mon, 01 May 2023 15:54:46 GMT

Nothing like a Father Daughter Bond: Erin Duke of Stockdale Farms

For four generations, Erin Duke’s family has been devoted to row crop and cattle farming. Erin is a partner at Stockdale farms and currently serves on Alabama Farm Credit’s Young Farmer Advisory Board. Not only that, but she is an advocate for women in ag today, and we were lucky enough to sit down and hear her story.

Erin’s family purchased a couple thousand acres in 1948 from a confederate doctor, on which they currently maintain nearly 4000 acres for 1500 head of cattle. Not only do they own and operate this successful cattle operation, but they also grow corn, wheat, and soybeans. Erin’s father, Mike Duke, started row crop production back in '90s, and their operation continued to grow from there. Erin’s father and grandfather had worked hard to build and grow Stockdale farms, and now since Erin’s grandfather recently retired, she has proudly become business partners with her dad. They continue this time-honored tradition now together, and we don’t see them slowing down anytime soon.

Farming can be an incredibly liberating experience and tending to cattle is one of the most labor-intensive yet rewarding tasks. As a small family business, the Dukes appreciate all that nature has to offer - from little moments that brighten the days to so much more! Specifically, being able to at the end of the day look around and see the work and effort they put in, makes it all worthwhile.

Erin now exudes passion for their farm and the work she shares with her father, Mike, but it was not always part of her plan to be a farmer. She was on the path to a logistics management career - that is, until her dad called with an exciting opportunity. Their farm needed help and he wanted his daughter by his side. Knowing it was the right move for both of them, she quickly put in her two-weeks’ notice at work and soon after found herself back home – this time as full-time farmer! She's made it their mission to uphold Stockdale Farms' legacy passed down from generations before; but most importantly, ensure others find just as much love for farming as they do. “The legacy is important to me and everything that my family has put into this place. I want it to carry on and that people will love it the way that we do,” Duke said.

Erin and her dad found a reliable ally in Alabama Farm Credit's Talladega Branch Office, where they've developed strong foundations with Jim Tollison, Regional Vice President for the East. As an advisor on financial matters and keeping them informed of additional opportunities, "Jim has been nothing less than a saving grace," said Erin about their partnership. Over time, trust between both parties flourished - creating mutually beneficial relationships along the way!

What is a benefit of working with Alabama Farm Credit?

“The team at Alabama Farm Credit knows how to communicate well and have a focus on educating their members. It is important to have people that I can trust to tell me, this is what would be best for you and here’s why.”

Erin is an integral part of our Young Farmer Advisory Board and a strong advocate for investing in the next generation. Her commitment shines through when she speaks on building a supportive team. Her enthusiasm will positively impact many aspiring farmers, so we’re grateful to have gained such devoted insight from this passionate leader.

2023 Annual Stockholders' Meeting Information Statement

Mon, 24 Apr 2023 15:56:31 GMT

2023 Annual Stockholders' Meeting Information Statement

The Annual Stockholders' Meeting of Alabama Farm Credit, ACA will be held at 10:30 am. on May 17, 2023, at Stone Bridge Farms, Cullman, Alabama. Stone Bridge Farms is located on 281 County Road 717, approximately 7 miles east of Interstate 65 in Cullman, Alabama.

Read the Annual Meeting Information Statement for details.

A Story of Dedication and Hard Work: Jerry Allen Newby of Newby Family Farms

Mon, 27 Mar 2023 15:58:35 GMT

A Story of Dedication and Hard Work: Jerry Allen Newby of Newby Family Farms

Jerry Allen Newby has a long history with Alabama Farm Credit (AFC). His family's business, Newby Family Farms, has operated for generations since the late 50s. He currently serves on our Young Farmer Advisory Board. We recently had the opportunity to learn more about Jerry and his story.

Jerry Allen grew up working on the farm and was taught from an early age the importance of hard work and dedication to any task. He is now working full-time on his family's farm. Jerry Allen has been running it with his two first cousins, John, and James, sister Elizabeth, and her husband, Justin, ever since. He is currently responsible for overseeing all aspects of chemical buying and spraying. "I, with our consultant, decide what products to apply to our crops," said Newby. Each holds different responsibilities that keep their farm running a successful operation.

Newby Family Farms is a primarily row crop operation focusing on cotton, corn, wheat, and soybeans, but they also have cattle. Their family has been in the business since Newby's grandfather, uncle, and father started the farm in the late 50s. "Everyone farmed back then to feed their family and feed their livestock. So they were working on that side of farming to start. Our first-row crop production in the late 50s was about 3 acres of cotton and grew from there," Newby said. Their operation has steadily grown over the years. They now operate in Limestone and Madison Counties in Alabama and Giles and Lincoln Counties in Tennessee.

From a young age, Jerry Allen knew he wanted to get started in the field the same way generations before had. When discussing how he got into the family business at a young age, Newby said, "I always knew I wanted to be a farmer. Whenever they ask you at graduation what you want to be when you grow up, and everybody says doctors, lawyers, and astronauts, I said I would be a farmer." He grew up helping his family with various tasks, fell in love with the work, and developed his passion today. For Newby, the challenges of working in agriculture have evolved. From pulling individual weeds with a tractor to running high cycle sprayers 120 ft wide - the field has seen significant changes due to technological advancements and innovation. With every new step forward comes an opportunity for farmers like Newby to learn and grow in their practices – something he's been doing so successfully for years!

Alabama Farm Credit and Newby Family Farms have a history dating back to the early 90s. Newby's grandfather served on the board here at AFC when we were at Federal Land Bank. We have come full circle with Jerry Allen serving as the Vice-Chairman on our Young Farmer Advisory Board (YFAB). YFAB started just over a year ago, in 2021, and Newby shares how that experience has been for him. He hones in on the importance of teaching young leaders things about the company so that one day they can hopefully serve in a leadership capacity on the "big" board. "It's a good tool for developing future leaders. Putting together some of the projects this board has brainstormed on, learning the ins and outs, and learning things to apply in our businesses have been very valuable. There may be different tools that AFC offers that get overlooked sometimes when you are working on a loan, so I think it's been good for both parties."

We have been fortunate to share this long-lasting relationship with the Newby family. Newby and his family have now developed connections with AFC and developed relationships with the team at our Athens Branch. He discussed how well AFC fosters relationships with borrowers and that this is their best product. "Alabama Farm Credit specializes in farms and agriculture. They know a little more about the ins and outs of everyday business on a farm because it doesn't operate like a traditional brick-and-mortar business. A lot of money goes out, and it stays out for a long time. You're praying for rain and hope you make a good crop that comes back in, and AFC understands those risks that farmers take. They're good partners to have in your corner," said Newby. Due to the emphasis on relationships with borrowers, AFC can provide advice on what is best for your operation and meet your needs because they know you personally.

In addition to being a successful farmer, Jerry Allen is also a father to two children who are now learning many of the same lessons taught him when he was young. He has ensured that each of his children has had opportunities to gain hands-on experience with farming on their terms while still learning valuable life lessons along the way.

Through hard work and dedication over multiple generations, Jerry Allen Newby has helped make Newby Family Farms one of Alabama's premier row crop producers. This success story could only have been accomplished through years of dedication to excellence in farming practices. We are proud to call him an active member of our Young Farmer Advisory Board here at AFC and look forward to seeing what more he can accomplish in years to come!

"Unlock Your Potential for a Summer Internship at Alabama Farm Credit"

Wed, 15 Feb 2023 16:00:56 GMT

"Unlock Your Potential for a Summer Internship at Alabama Farm Credit"

Are you a college student looking for an exciting and challenging internship? Look no further than Alabama Farm Credit (AFC). AFC is now accepting applications for summer internships, and this is your chance to get hands-on experience. A summer with AFC will give you the opportunity to be exposed to all areas of the business, including lending, cash operations, accounting, marketing, and more.

What’s In It for You?

At AFC, we believe that our interns should gain a wealth of knowledge from their time with us. As such, we strive to provide our interns with meaningful experiences that will prepare them for success in the future. Our program is designed to provide real-world experience in a safe and supportive environment. We want our interns to get exposure to different roles and departments within our organization, so they can explore possible career paths with us.

You will also benefit from working alongside experienced professionals who are dedicated to providing mentorship and guidance throughout your internship. Not only do we value hard work, but also creativity and innovation! We believe that everyone has something unique to offer when it comes to problem solving—and we want you to bring your skillset into the workplace. You will have the freedom to express yourself while having access to an incredible network of mentors who can help you reach your goals.

Get Ready for the Real World

Internships are invaluable when it comes to gaining real-world experience before entering the job market after graduation. During your internship at AFC, you will be able develop meaningful relationships with customers while learning how best serve them through lending services or other financial solutions. You will also gain insight into how businesses make decisions and navigate through challenges, as well as learn how credit decisions are made in agricultural finance. With these experiences under your belt, you’ll be ready for anything thrown your way in life after college!

If you are a college student interested in exploring opportunities in all areas of business, then look no further than Alabama Farm Credit's summer internships program! This is an amazing opportunity for anyone looking for hands-on experience in various areas of business, all supported by a team of talented professionals dedicated to providing mentorship and guidance throughout the internship program. So don't miss out on this great chance - apply today!

FAQs

1. What is Alabama Farm Credit?

Alabama Farm Credit makes loans to purchase or improve farms, timberland, recreational property, agribusiness operations and rural homes. We also make agricultural operating loans to cover the day-to-day expenses of running a farm, producing a crop and managing a livestock herd.

2. What are the requirements for the Summer Internship Program?

Applicants must be enrolled in an accredited undergraduate program.
Background in agriculture, business, finance, accounting, or marketing is a plus.

3. How do I apply for the Summer Internship Program?

To apply for our summer internship, go to Internship | Alabama Farm Credit.

4. When is the application deadline?

The application deadline is February 28th, 2023.

5. Who can I contact if I have questions about the Summer Internship Program?

If you have any questions, contact careers@alabamafarmcredit.com .

"From One Cattleman to Another"

Fri, 10 Feb 2023 16:40:04 GMT

"From One Cattleman to Another"

Thomas Hays is the perfect example of ag-life being passed down through generations! Growing up in a family with cattle and his grandmother owning her own feed supply store, Thomas was well on his way to taking on agriculture as his life's calling. But it wasn't until he met the woman who would become Mrs. Hays that really allowed him to put roots down into this world - literally!

Nowadays, you can find Thomas at Alabama Farm Credit proudly serving as our Rainbow City Branch Manager while also managing an impressive herd of cows back home. He may have been born into farm country but it’s safe we say these days are where he truly thrived – what more could you ask for?

Thomas and his wife Hannah are actively involved in her family’s cattle operations in North Alabama. Hannah’s family owns and operates a feed mill in town, care for and maintain their own 125 cow/calf herd, and they have been running the Alabama Bull Evaluation Center since 1991. Thomas has played an important role with this through hard work, dedication, and a strong commitment to the well-being of their herds.

As a cattleman himself, Thomas has been able to relate to his customers, providing them with real knowledge and form deeper relationships. “Customers value knowing that someone who is involved in the industry is the same person who is serving as their lending partner,” Hays said. Thomas has been able to intertwine his home life with his career, which has allowed him to explain customer challenges from both sides of the fence and help build long-term trust. It's clear why Thomas is such an asset to the Alabama Farm Credit team - he is passionate about what he does!

At Alabama Farm Credit, we're proud to employ ag-experts who truly know the land. Our team members like Thomas walk in their customers' shoes – literally! Each offers a unique insight and understanding into farming that can only be gained from years of real-world experience.

"Overcoming Tree Farming Challenges with Alabama Farm Credit"

Mon, 30 Jan 2023 16:43:38 GMT

"Overcoming Tree Farming Challenges with Alabama Farm Credit"

Tree farming in Alabama can be a challenging and difficult industry, but with the support of organizations like Alabama Farm Credit, it doesn't have to be. Alabama Farm Credit is a financial cooperative that provides credit and financial services to farmers, rural communities and loggers in the state. They understand the unique challenges that come with tree farming and logging in Alabama, and they have a variety of loan options available that can help loggers to invest in their business, protect their assets, and grow their business.

One of the key ways that Alabama Farm Credit helps loggers is by providing customized loan packages. These packages are tailored to the specific needs of the logger, taking into account things like the size of the operation, the types of trees being harvested, and the logger's long-term goals. This allows our members to access the financing they need to invest in their business and protect their assets, without having to worry about whether they qualify for traditional bank loans.

Another way that Alabama Farm Credit helps loggers is by providing financial counseling and support. We have a team of experienced professionals who can help create a financial plan, understand their options, and make the best decisions for their business. This can include things like budgeting, cash flow management, and risk management. This support can help our members to stay financially stable and make sound business decisions for the future.

One of the current members of Alabama Farm Credit, Winston Bryant, owner of Ponderosa Farms, says "I’m proud to be associated with an organization that makes their living from the land, because that’s what I do. They understand what we do, and help us."

At Alabama Farm Credit, we believe that by supporting our members, we are supporting the entire agricultural community in the state. Tree farming and logging can be difficult, but with the right support and resources, it can also be a successful and sustainable industry. That's why we are dedicated to helping tree farmers and loggers in Alabama to succeed.

What is an Asset vs Liability

Fri, 06 Jan 2023 16:47:00 GMT

What is an Asset vs Liability

Every business owner knows that as you work to get your business up and running, you take on debt through loans, purchase items, or put money directly into your business. All of this makes up your balance sheet.

Each time you process a transaction, it gets recorded on your balance sheet as either an asset or a liability. Now, what does that mean?

Assets: Consists of items or resources of value that the business owns. Assets can produce revenue and contribute enduring benefits to the owner. Assets are made up of property, investments, inventory, patents, equipment, and more.

Liabilities: Any existing debts a business still owes another entity, such as a business, vendor, employee, organization, lender, or government agency. Liabilities typically help owners finance their companies and are comprised of short-term debts like credit card balances, accrued expenses, deferred tax payments, loans lasting for more than a year, or other noncurrent liabilities such as leases.

Differences between Assets and Liabilities

Let’s look at a comparison:

Assets

Made up of items of value
Owned by the business
Builds revenue for the business
Produces long-lasting benefits for the business

Liabilities

Debts owed to another business or entity
Can help finance business operations
Exist as an expense for the business
Are able to be used for purchasing assets

Let us Help Manage Your Budget

Allow Alabama Farm Credit to help carry some of the financial load. By using our cash management services, we can assist you with balancing your budget or automating your loan payments and billing activity. Having spent over 100 years working with farmers with their finances, we have what it takes to make your business succeed.

Take a look at the different financial services we offer, or contact us to get started today!

A Healthy You. A Healthy Farm.

Tue, 22 Nov 2022 16:48:51 GMT

A Healthy You. A Healthy Farm.

Join us for a free training with leading agricultural credit company, Alabama Farm Credit, as we dive into "A Healthy You. A Healthy Farm." Free lunch is provided!

What is Poultry Farming?

Wed, 31 Aug 2022 16:51:13 GMT

What is Poultry Farming?

Poultry farming is a monumentally important area of agricultural production globally and locally. As a multi-billion-dollar industry, the ability to effectively raise poultry requires strategic planning, innovation, and modern agribusiness approaches that are both sustainable and economical.

Poultry farming is raising domesticated birds to produce meat, eggs, and other goods. Every year, Alabama is among the top producers of broiler chickens in the nation, and poultry is one of the largest industries in the state , making up about 1/8 of Alabama's economy.

Alabama Farm Credit is a proud supporter of poultry farmers of all types and supplies the financing necessary to run successful poultry operations.

Let's look at the types of poultry farming in our state and how we assist these producers with their needs.

Different Types of Poultry Farming

There are quite a few different types of poultry operations that produce strong, healthy birds for the production of consumer goods.

Chicken Broiler Farms

These operations consist of raising chickens that are bred specifically for meat production. Broiler production is usually a four to ten-week process but varies depending on desired processing weight, which can range from 3.5 pounds up to 12 pounds.

Breeder/Laying Farms

Breeder farms provide the hatching eggs used to supply broiler farms, while layer egg facilities provide table eggs. The hens usually lay for a period of 10 or 11 months and are harvested for other uses at the end of the cycle.

Pullet Farms

Pullet farms produce the hens for the breeder/layer farms. These birds are reared from hatch until around 20-22 weeks when they are transported to the breeder/layer farm.

Other Poultry Farming Types

Geese

Raising chickens has grown in popularity; even in certain city limits, people are establishing a backyard group. However, having a large gaggle of geese is less practical for suburban and urban farmers. Geese need larger open spaces or pasture, about 10 square feet per bird. Suburban and city backyards can't accommodate this space requirement.

Commonly referred to as waterfowl, ducks and geese are also widely produced poultry. Geese varieties are wide, but common types include Embden Geese, Pilgrim Geese, and Steinbacher Geese. Ducks are also domesticated or commercially raised and include varieties such as American Pekin, Grass Duck, and Call Ducks, among others.

If your current land can accommodate geese, there are many reasons to add geese to your farm. The benefits of raising geese include:

Cold weather isn't an issue. Geese are hardy birds.
Geese are relatively easy to maintain and self-sufficient.
Diets are less complicated than chickens or other fowl.
Geese eat weeds and grasses over bugs.
Due to their larger size, predators may be less of an issue.
Geese can help protect other smaller birds, including ducks.
Geese are noisy and can be an excellent alarm system.

Some issues to look out for if raising geese:

Geese need water; even a child's pool is welcome for smaller or hobby farms.
Keep an eye out for freezing temps and water features.
Geese eggs need to be moist while in the nest or incubator.
Geese are noisy.

Ducks

Whether raised for meat or eggs, ducks can be a great addition to poultry farming. However, ducks have a few different requirements than geese.

Many types of ducks can do well in a small coop, which is nice if you're starting a small-scale poultry farm. Ducks aren't as loud and aggressive as geese but are known for putting the foul in fowl. Ducks are smelly; large poultry farms must maintain ventilation and other sanitation issues. Depending on the type or variety of duck, each will have specific needs, and your farm will need to accommodate them.

What Do I Need to Start a Poultry Farm?

Determining what you need to begin your poultry farm depends on the type of poultry you plan to raise, the expected size of your farm, your budget, your experience, and your long-term goals.

It takes a wealth of knowledge to understand the ins and outs of helping your purchase a poultry operation or start one. That's why Alabama Farm Credit specializes in creating custom poultry loans that align with income stream needs, life cycles, cash flows, and other unique characteristics.

Some of the critical components you will likely need to start a poultry farm include:

Flexible financing of your loan and credit.
Sizeable acreage.
Poultry housing and related buildings and structures.
In-house equipment for feeding, heating, storage, sanitization, etc.
Equipment used for maintenance and flock preparation.
Connections to the supply chain and a robust financial plan.

Before you buy equipment or start to build, it's always best to talk with an experienced lender who knows the industry and can help connect you with the financial tools to support your Agribusiness.

Apply for a Poultry Loan

The knowledgeable lending team at Alabama Farm Credit is here to assist you with competitive financing and expert support with your poultry farm. Contact us today for questions about our products and services and get started on your custom poultry loan. Apply for a loan today !

Types of Loans in Agriculture

Thu, 25 Aug 2022 16:54:40 GMT

Types of Loans in Agriculture

Find the Perfect Agribusiness Loan

Your agribusiness is unique and deserves a loan that gives you the financial assurance you need to keep your business thriving. At Alabama Farm Credit, our dedicated team is here to work with you and provide customized financing options for a variety of partners, including:

Feed Distributors
Seed and Chemical Providers
Farm Equipment Retailers
Repair Services
Veterinary Providers
And more

Explore Our Agribusiness Loans

At Alabama Farm Credit, we know that not all agribusinesses have the same needs, which is why our team of specialists dedicate themselves to finding the exact lending package you need to feel secure. We cater to a variety of partner specialties, including:

Feed Distributors
Seed and Chemical Providers
Farm Equipment Retailers
Repair Services
Veterinary Providers
And more

Need an Agribusiness Loan? We've Got You Covered

Investing in us is investing in you. At Alabama Farm Credit, we want you to continue building your agribusiness and are here to provide you with financing options that are customizable to your exact needs. Our agribusiness partner loans cater to a wide variety of business enterprises, including:

Feed Distributors
Seed and Chemical Providers
Farm Equipment Retailers
Repair Services
Veterinary Providers
And more

Types of Agriculture Loans

Alabama Farm Credit is the cooperative to call if you are looking for types of agriculture loans that will meet your specific needs. When you're ready to get financing for your agriculture loan need, we can help. We've helped members obtain loans for a variety of purposes, including:

Land loans to build new construction
Loans to buy equipment
Land loans to make improvements to the existing farm

The types of agriculture loans we provide include:

Farm Operating Loans

Farm operating loans are available for short-term operating expenses due to natural disasters or crop failure and to finance ongoing, non-capital operating expenses such as feed and seed. In addition, our loans can help members take on additional operating capacity, such as planting more acreage.

Agribusiness Loans

Alabama Farm Credit agribusiness loans can help finance distributors of feed, seed, and chemical providers, farm equipment retailers, and repair services.

New Generation II Loan Program

This loan helps young, beginning, and small farmers meet their financial needs with reduced start-up costs and underwriting standards. In addition, we sponsor or donate to organizations that contribute to the education of this critical group.

Farm Ownership Loans

We provide loans to farmers and anyone who owns or plans to purchase a farm, improve their existing farm, or construct a new farm.

Farm Equipment Loans

Alabama Farm Credit equipment loans are available to finance irrigation and pivots, new and used equipment, tillage, planting and harvesting equipment, and tractors.

Farmland Loans

This agriculture loan can help farmers buy farmland, improve existing farmland, and build new construction on their farmland.

How to Get an Agriculture Loan

As a financial cooperative, Alabama Farm Credit is governed by a local board of directors and owned by borrowers. Our success is your success, and we always have the best interests of our borrowers in mind. We provide our members' value by returning earnings in the form of cash patronage to customers based on annual revenues.

If you're ready to take the first steps towards applying for the type of agriculture loan for your farming needs, please get in touch with us to discuss the loan that will be ideal for you.

Farm Loans for Women

Fri, 29 Jul 2022 16:57:00 GMT

Farm Loans for Women

According to the latest census, 36% of farmers are women, and 56% of farms have a female decision maker on board. Women are deeply rooted in agriculture in all facets; they are involved in the day-to-day work, record keeping, advocating with the public, and more. On the other hand, women are historically underserved regarding access to agriculture-related lending.

Alabama Farm Credit has reached out to bridge that gap in lending, having various options for loans that women may qualify for. For instance, they offer improvement loans, which assist in making a preexisting operation stay competitive by adding additional facilities or modernizing established structures, and livestock loans allowing women to gain the capital to create the cattle herd of their dreams.

Their loans are not limited to improvement or livestock loans. However, Alabama Farm Credit offers women the opportunity to qualify for loans for land, agribusiness loans, equipment, and everything in between. They are genuinely a lender who knows the agriculture's ins and outs in all its components and can find creative lending solutions for their customers.

Women have been involved in agriculture throughout history. Still, in the past few years, the number of women entering the agricultural sector has been astounding and needs to be celebrated. Now, almost one million farmers represented across the United States are female and bring in nearly $13 billion of annual agricultural revenue. Even though most female-run farms are smaller operations, this is just the beginning for females in agriculture.

For females who are inspired and considering exploring their options for ag-lending, Alabama Farm Credit has an incredible number of options tailored to fit unique circumstances and requirements for each operation with competitive interest rates. Alabama Farm Credit combines its distinct business model with staff knowledgeable about lending and familiar with all that comes with being involved in agriculture.

Suppose you're a female in agriculture looking to become a part of a customer-owned cooperative that cares for you and your agricultural needs. In that case, you should talk with Alabama Farm Credit. They can take your vision and turn it into a profitable business with their various lending options.

First Generation Farmers Expand From Small Freezer Into a Retail Farm Store

Fri, 08 Jul 2022 17:01:56 GMT

First Generation Farmers Expand From Small Freezer Into a Retail Farm Store

My husband Kaleb and I began farming in 2015. As first-generation farmers, we dove head first into commercial poultry farming when we built four mega houses on a 40-acre property in Northern Cleburne County. Once we began poultry farming full time, our new lifestyle opened the door for the homesteading life I always longed to have. Finally, we had enough property to raise a few cows and pigs to feed our growing family. We decided after several questions about filling our freezer to try raising a few more pigs to fill the demand in our community for “freezer meat.”

Over two years, our small homestead dream grew into a small garage business where we were selling USDA-certified beef and pork to our local community. We were able to pick up a 120-acre lease 6 miles south of us to grow our herd. We visited numerous local famers markets during the market season every Saturday - all four kiddos in tow. We sold our products one cut at a time and told our stories via social media and word of mouth. Finally, in 2019 our business had grown enough that we decided it may be time to choose between our small business and our commercial poultry farm . Both of these full-time jobs were stretching us very thin. So in November of 2020, we sold our poultry farm, bought a camper, and decided to start our new adventure

We went straight to Alabama Farm Credit with our new endeavor, and our friend and loan officer was as excited as we were to see our business grow. We were able to pay down a new piece of property and finance the rest with AFC. We fixed up an old tractor shed on the property and turned it into a small farm store with a walk-in freezer and plenty of room to store, ship, and sell our products. A few months later, we decided to build our homestead here on this property as well, and AFC was there for us to help with that too.

Many young, beginning, and/or small farmers don’t think a bank would be willing to help them on such a small scale, but AFC knows that every good business dream starts SMALL. When you’re starting from scratch, there are a lot of costs that we can’t always take on as beginning farmers without help. Commercial farmers work on big scales with big numbers, and they need help, too(we did!), but AFC sees those exact needs on a smaller scale and has stepped in to bridge this gap by partnering with YBS farmers.

Though we still have much to learn, do, and accomplish--we have grown out of that small freezer in our garage and into a retail farm store with shipments going out all across the Eastern United States. We host farm tours, open each weekend for in-store shopping, ship out beef and pork every two weeks, and have even started selling branded shirts, hats, candles, and stickers! We have worked hard as a young family to get to where we are, and we have learned many lessons the hard way(by trial and error), but there is no doubt that our business could not have grown and would not have grown without the faith and trust of AFC in our small business dream!

Alabama Farm Credit appoints nine young farmers to advisory board

Fri, 10 Jun 2022 17:04:57 GMT

Alabama Farm Credit appoints nine young farmers to advisory board

CULLMAN, Ala. – Nine young farmers from North and Central Alabama have been appointed to Alabama Farm Credit’s Young Farmer Advisory Board. They will advise the lending cooperative’s management and board of directors on the financing needs and challenges facing young, beginning and small producers in the region.

Ranging in age from 26 to 37, pictured from left to right Steadman Rutherford, Lawrence County; Ben Brown, Southside; Jerry Allen Newby Jr., Limestone County; Cade Grace, Jasper; Anna Yeager Brakefield, Huntsville; Jordyn Upchurch, Lineville; Ellie Watson, Autaugaville; Erin Duke, Munford; and Karah Skinner, Fruithurst.

"This is an exceptional group of leaders representing all aspects of agriculture. We at Alabama Farm Credit are honored to have them serve on our inaugural Young Farmer Advisory Board," said Mel Koller, Alabama Farm Credit's chief executive officer.

"Young and beginning producers face the obstacles of establishing, growing and sustaining their businesses for not only themselves but their families too. These challenges allow these young leaders to look at everyday strategies differently, and we are so excited to gain value from working together with them," Koller said. "Agriculture is always about relationships, and creating strong ties with the next generation of leaders will ensure we work toward a prosperous future together. Together we grow."

Alabama Farm Credit finances farmers, agribusinesses, rural homeowners and landowners in northern Alabama. It is headquartered in Cullman and has branch offices in Albertville, Athens, Cullman, Talladega and Tuscumbia.

The financing co-op is a part of the nationwide Farm Credit System, a network of rural lending cooperatives established in 1916.

Alabama Farm Credit Member Spotlight - Next Step Farms

Tue, 10 May 2022 17:09:02 GMT

Alabama Farm Credit Member Spotlight - Next Step Farms

Next Step Farms and AFC Member, Robin Kramer, are changing the world, one step at a time. Robin sees beyond disabilities, she sees the potential for a full independent lifestyle for her clients, who are adults with special needs. The bar is being raised by Next Step Farms for special needs adults. Watch this video to find out more.

Tyler Dutton Loan Officer at Alabama Farm Credit

Tue, 10 May 2022 17:07:24 GMT

Tyler Dutton Loan Officer at Alabama Farm Credit

Tyler Dutton is a Loan Officer at Alabama Farm Credit and he specializes in poultry loans and financing. Prior to joining Alabama Farm Credit, Tyler worked in the poultry industry for over 15 years. View our video below to learn more about Tyler.

2022 Annual Stockholders' Meeting Information Statement

Fri, 29 Apr 2022 17:11:32 GMT

2022 Annual Stockholders' Meeting Information Statement

The Annual Stockholders' Meeting of Alabama Farm Credit, ACA will be held at 10:30 am. on May 17, 2022 at Stone Bridge Farms, Cullman, Alabama. Stone Bridge Farms is located on 281 County Road 717, approximately 7 miles east of Interstate 65 in Cullman, Alabama.

Read the Annual Meeting Information Statement for details.

Alabama Farm Credit Holds Grand Opening For New Corporate Headquarters in Cullman

Fri, 25 Feb 2022 17:13:38 GMT

Alabama Farm Credit Holds Grand Opening For New Corporate Headquarters in Cullman

CULLMAN, Ala. – Alabama Farm Credit held its grand opening event Tuesday morning at 300 2nd Ave SW for its new corporate headquarters. The event was attended by members of the city council, county commissioners, the Cullman Area Chamber of Commerce and Mayor Woody Jacobs. The building is the fifth branch opened in Alabama and the second building in Cullman. The business is a full-service agricultural mortgage lender that has serviced the 27 counties in North Alabama for over 100 years. Alabama Farm Credit provides financing to help its members purchase farms and rural properties.

Located in an old Wells Fargo bank location, the building still contains the remaining vaults which have been made into a break room and a super quiet library. The building has a business department, marketing room, accounting department, conference rooms and various multi-purpose rooms with comfortable sofas that employees can use as they see fit. The new office encourages a healthy workspace, with a “mother’s room” which contains a refrigerator, noise machine and phone charger and allows members to take a peaceful break.

The meeting room names are Alabama themed: Cotton, Cumberland, Yellowhammer and Sipsey. Also featured is live moss artwork from Foliage Design Systems who decorate the Birmingham International Airport which fits into the agricultural theme. Emily Anderson, a member of Alabama Farm Credit who is a renowned artist, has work featured as well. She receives inspiration from the outdoors and provided a mural of the Sipsey river, as well as paintings for every office in the building.

Alabama Farm Credit will soon be expanding even further and opening several new branches. PR Specialist Wendy Tysinger stated, “Rainbow City should be the next branch to open. We’re supposed to be breaking ground on that one soon.” After the opening of their new branch, the business will only be continuing to speed up its progress and growth.

Source: The Cullman Tribune

Alabama Farm Credit Donates $5,000 to Support 4-H Programs

Tue, 21 Dec 2021 17:16:19 GMT

Alabama Farm Credit Donates $5,000 to Support 4-H Programs

CULLMAN, Alabama — Alabama Farm Credit recently donated $5,000 to the Alabama 4-H Foundation in support of youth programs throughout the state. The annual donation will help fund camps, leadership training and scholarships for 4-H members in the coming year.

At the same time, Alabama Ag Credit also awarded $5,000 to the 4-H Foundation, doubling Farm Credit’s support for 4-H programs in the state.

"Alabama Farm Credit puts a lot of emphasis on investing in our communities. Partnering with Alabama 4-H gives us the opportunity to do just that,” said Mel Koller, Alabama Farm Credit president and chief executive officer. “We are honored to support an organization that shares the importance of agriculture and good citizenship with our youth.”

Giving to 4-H is one of the ways Farm Credit carries out its mission to support agriculture and rural communities. Nearly 126,000 Alabama young people learn about agriculture, science, health, good citizenship and leadership through hands-on 4-H projects.

Alabama Farm Credit finances farms, forestry operations, agribusinesses, country homes, recreational land and other rural property in 27 North Alabama counties. It’s headquartered in Cullman and has branch offices in Albertville , Athens , Cullman , Talladega and Tuscumbia . For more information, go to www.alabamafarmcredit.com .

Alabama Farm Credit Expands Support of Sweet Grown Alabama

Fri, 17 Dec 2021 18:25:55 GMT

Alabama Farm Credit Expands Support of Sweet Grown Alabama

CULLMAN, Ala. — Alabama Farm Credit demonstrated its commitment to Alabama agriculture this month with a $10,000 supporter sponsorship for Sweet Grown Alabama.

The funds will help Sweet Grown Alabama connect retailers and consumers to Alabama-grown foods and other agricultural products. The nonprofit foundation encourages the purchase of local products through a searchable database, statewide branding, marketing, special events and more.

Alabama Farm Credit has been a Sweet Grown Alabama Founding Member supporter since 2020.

“Sweet Grown Alabama is a wonderful effort by our state to highlight our local farmers producing excellent products,” said Mel Koller, Alabama Farm Credit CEO. “As a cooperative partnering with those same farmers, it's a natural fit for us to be a part of the Sweet Grown mission. We look forward to the strides the Sweet Grown team will make this year, and to our farm products being highlighted in grocery stores, farmers markets and restaurants statewide.”

Alabama Farm Credit is part of the Farm Credit System, a nationwide network of lending cooperatives that finance agriculture and rural communities. The lender is headquartered in Cullman and has offices in Albertville , Athens , Cullman , Talladega and Tuscumbia . For more information, go to www.alabamafarmcredit.com or sweetgrownalabama.org .

Ridge Pointe Event Venue - November Member of the Month

Mon, 13 Dec 2021 18:28:02 GMT

Ridge Pointe Event Venue - November Member of the Month

Ridge Pointe Events Venue is Alabama Farm Credit's November member of the month! View the video below to learn more about Taylor Sims and the Ridge Pointe Events Venue.

Alabama Farm Credit Donates Over $2,500 for Agricultural Education

Fri, 03 Dec 2021 18:30:02 GMT

Alabama Farm Credit Donates Over $2,500 for Agricultural Education

CULLMAN, Ala. — Alabama Farm Credit celebrated Giving Tuesday by donating $2,500 to help Wallace State Community College expand its Small Farmer Training Program into the Farm and Ranch Management Program. A silent auction item the rural lending cooperative donated to the Nov. 17 Wallace State Community College Future Foundation Luncheon raised another $150.

The community education program prepares students to start or better manage their own farm, work as a farm manager or go into another agriculture-related field.

"Many of our students are transitioning to a second career in agriculture or returning to the family farm in retirement,” said Travis Kress, Wallace State Community College farm manager and instructor. “In a year, we cover pretty much all aspects of agricultural production — from understanding soils to how to grow, market your products, write a business plan and manage farm finances.”

The Small Farmer Training Program started in 2019 and focused on fruit and vegetable production for beginning farmers. Classes were taught from April to October — a typical growing season.

But big changes are coming in January, when the Farm and Ranch Management Program is launching classes that meet once a week for a month. The new à la carte approach includes more topics, too, from pruning fruit trees and ornamental plants to farm pond management for cattle producers.

“We’re expanding our offerings so we can help people in more sectors of the ag community and cover topics in more depth,” Kress said. “We’ll still cover fruit and vegetable production, and are partnering with Extension and other instructors to teach ranch management and other topics.

“Alabama Farm Credit’s funding allows us to hit the gas and move forward quickly instead of inch by inch. We also plan to offer free or reduced tuition and cover the cost of supplies and materials for some classes starting in the summer.”

The spring lineup includes five monthly classes that will be taught at Wallace State’s Hanceville campus on Monday evenings, the Oneonta campus on Tuesday evenings and online on Thursday mornings. The Hanceville campus will also host three three-hour classes and a field day.

“Ag producers are the lifeblood of our lending cooperative, and there’s always something new to learn in farming and ranching,” said Mel Koller, Alabama Farm Credit CEO. “We’re honored to support a program that helps farmers build their skills, whether they’re experienced producers or just starting out.”

In addition to the community education program, Wallace State offers classes in agricultural production/horticulture and poultry science for college credit.

Alabama Farm Credit is part of the Farm Credit System, a nationwide network of lending cooperatives that finance agriculture and rural communities . The lender is headquartered in Cullman and has offices in Albertville , Athens , Cullman, Talladega and Tuscumbia .

Learn About Our Payment Methods

Thu, 28 Oct 2021 18:31:44 GMT

Learn About Our Payment Methods

New Payment Option

Alabama Farm Credit wants to make your loan payments as simple as possible, so we’ve created our new Make A Payment option to help.

With the Make A Payment option, users don’t have to set up an online banking accounts or remember any logins and passwords. All you need to do is fill out the Electronic Payment Submission Form, found on the top-right corner of our main page, and the authorized funds will be transferred from the designated bank account within 24-48 business hours.

Ag Banking Online (ABOL)

Our other recommended option for making loan payments is the Ag Banking Online (ABOL) method. Using our online banking system, you can access your account 24/7, set-up recurring payments user date, and choose to opt into e-statements with up to two years of history available.

Alabama Farm Credit knows our customers value their security and privacy, which is why we have developed our online banking with the highest level of security measures in place. With online loan payments there is no need to worry about checks being stolen or lost in the mail; you can rest easy knowing your money is going exactly where you intended.

Signing up on our website and activating your user credentials using a desktop computer. You can then download the mobile app on the Apple App Store or Google Play and manage your loans on-the-go.

Pre-Authorized Installment Draft

If Alabama Farm Credit’s previously mentioned payment options don’t appeal to you, there is always their Pre-Authorized Installment Draft (P.A.I.D.). P.A.I.D. is similar to the recurring payments function of the online banking system without having to recall password credentials.

Once you fill out the form on our site, the funds required to pay your loan will be automatically withdrawn on the 1st business day monthly when a payment is due. You’ll never miss a loan payment again!

If your loan’s interest rate happens to change, we will notify you on a billing notice and the installment amount will be adjusted automatically.

Checks and Lockbox Banking

If none of the other options sound right for you, customers can also choose to mail their payments directly to their local Alabama Farm Credit branch or to the lockbox remittance address as printed on their installment loan invoice.

Lockbox banking is an alternative method provided by banks to companies for the receipt of customers’ payments. Instead of sending their checks directly to our branch, customers send their payments to a specific post office box. The bank will retrieve the payments, process them, and deposit the funds directly into the company’s bank account.

Check payments and lockbox banking are Alabama Farm Credit’s least favorite payment options because they are the least secure and may be susceptible to mail delays.

Alabama Farm Credit allows this payment option available to all customers but recommends trying one of our other more secure options first.

Amanda Simpson Albertville's New Branch Manager

Wed, 15 Sep 2021 18:33:32 GMT

Amanda Simpson Albertville's New Branch Manager

Amanda Simpson is no stranger to Alabama Farm Credit. Her hard work through the years has paid off as she steps into her new role as branch manager for Alabama Farm Credit's Albertville branch .

View the video below to learn more about Amanda Simpson.

Alabama Farm Credit is doing great things for its members.

Wed, 08 Sep 2021 18:36:18 GMT

Alabama Farm Credit is doing great things for its members.

To make your experience easier and to better service your needs our platforms are being updated.

In order to do so there are two items we want you to be aware of.

ABOL and your November Bill

- ABOL will be unavailable due to these updates during October 7th-12th.
- November’s bill may be a few days late in the mail as we have been hard at work to simplify our statements.

If you need anything during that time our lenders and branch managers will be here to help you with your payment. We appreciate your patience with the process and are eager for the positive changes that will create a better user experience moving forward.

Does Your Bank Pay You? ($90 Million in Cash and Counting!)

Tue, 07 Sep 2021 18:40:01 GMT

Does Your Bank Pay You? ($90 Million in Cash and Counting!)

We pay you. It’s “Our best kept secret”

Except, it’s not a secret at all. We pay you cash-back dividends as a gratitude for partnering with us. You are just as much a part of Alabama Farm Credit as we are, so we think you deserve a share of our earnings.

If it sounds too good to be true, we promise you it’s not. As a stockholder in our company, you are operating as a co-op member which means that while we are investing with you, you are also investing with us.

When Alabama Farm Credit’s profits increase, so does yours! In 2020, we were able to give back 10.8 million dollars to our co-op members. This is a unique advantage to working with us— how often does your bank pay you ?

If you’re ready to get started earning money back with us, read on to learn what our cash-back dividend checks entail and how much you can receive per year.

What Are Farm Credit Dividend Checks?

Alabama Farm Credit Is a cooperative which means we work with you as a stockholder. When you take out a loan with us, you’re also purchasing capital stock which allows our company to grow. When we grow, you grow—it’s very much a partnership.

At the end of the year, our board of directors evaluates how much capital we need to further grow our company and the remainder will go to you as a reward for being a trusted patron.

How you want to spend your reward is up to you! Take a vacation, purchase better equipment—the choice is yours. You also have the option to put that money towards your existing loan if you choose.

We view our co-operative members as part of the Alabama Farm Credit family and our goal is to keep rewarding our valuable partners for their continued business with us.

How Are the Dividends Determined?

How much you earn back in dividends will be based off the percentage you owe on your loan. The more you borrow from us, the more you can receive in dividends at the end of the year!

What Loans Do We Offer?

If you’re interested in earning rewards for taking out a loan with us, here are the loan options we have available for you!

Earn Money with Us!

We know how important your work is and from time-to-time, you will need extra cash to keep investing in your business. We’re here to help you with that.

By partnering with Alabama Farm Credit, you’re taking control of your financial options and earning annual rewards as a thank you from us.

Celebrating the Sweet Potato: Alabama’s New State Vegetable

Wed, 07 Jul 2021 18:43:27 GMT

Celebrating the Sweet Potato: Alabama’s New State Vegetable

Growing sweet potatoes in Alabama is a pastime for many of our agricultural producers. Thanks to a special group of students, the help of local legislators, and other influential advocates, the popular tuber has now received a major designation.

Alabama Farm Credit recently joined the celebration of the sweet potato; which is now the official vegetable of the State of Alabama, following the signature of Gov. Kay Ivey.

On April 30th, 2021, the North Alabama Agriplex hosted a presentation commemorating the vegetable’s receipt of its historic new title at their beautiful Poultry and Egg Pavilion, located at 1714 Talley Ho St NW, Cullman, Alabama.

North Alabama Agriplex is a local non-profit dedicated to educating and promoting Alabama’s agriculture and future sustainability.

How it Happened

Local agriculture supporters, including Alabama Farm Credit, joined together to commemorate the efforts of students from the Learning Exchange Homeschool Cooperative of Madison, Alabama.

These students initially came up with an idea to make Alabama sweet potatoes the state vegetable.

Sweet potatoes are grown and harvested as a delicious vegetable for our tables. The many sweet potato farms in Alabama make the state the sixth largest sweet potato producer in the country, with over $9 million brought in each year.

This vegetable is vital to our state agriculture, and a seed of an idea to honor it grew into much more.

Students from the Learning Exchange Homeschool Cooperative were the driving force behind the legislation.

They partnered with Senator Garlan Gudger, Representative Randall Shedd, and other supporters like the Alabama Farmers Federation, Cullman Farm City, Fairview High School FCCLA, and Commissioner of Agriculture and Industries Rick Pate to make what was once an idea into a reality.

Lending a Helping Hand

The team at Alabama Farm Credit believes in supporting local communities and we wanted to be a part of this memorable event.

Cullman Branch Loan Officer Amanda Simpson is a member of the Agriplex Board of Directors, and helped set up a fantastic experience.

A presentation was given commemorating the new state vegetable, which was followed by a beautiful lunch, featuring locally grown Cullman, Alabama sweet potatoes.

Our Public Relations Specialist, Wendy Tysinger, who is a member of the Farm City Board for Cullman County, helped serve these delicious lunches.

Following the meal, the day concluded with an educational program hosted by the North Alabama Agriplex for the Learning Exchange Homeschool students.

Every facet of the event was enjoyable and one that will be remembered. As a team, we wore commemorative shirts and enjoyed being a part of the festivities for the area we serve.

Alabama Farm Credit: Your Agriculture Support Specialist

At Alabama Farm Credit, we are owned by our borrowers and locally represented. That means our roots run deep in local communities like Cullman , Albertville , Athens , Talladega , and Tuscumbia .

When you need a financial partner for your success, we’re here for you. Our loan officers work the same fields and know what it takes run a successful farm, ranch and many other types of agribusinesses .

2021 Annual Stockholders' Meeting Information Statement

Tue, 27 Apr 2021 18:45:47 GMT

2021 Annual Stockholders' Meeting Information Statement

The Annual Stockholders' Meeting of Alabama Farm Credit, ACA will be held at 10:30 am. on August 07, 2020 at Stone Bridge Farms, Cullman, Alabama. Stone Bridge Farms is located on 218 County Road 717, approximately 7 miles east of Interstate 65 in Cullman, Alabama.

Read the Annual Meeting Information Statement for details.

Agriculture Roots That Grow Deep

Mon, 12 Apr 2021 18:50:03 GMT

Agriculture Roots That Grow Deep

Kenneth and Sheila Smith know the poultry farming industry like the back of their hands. Both of their families have a storied history in agriculture.

Kenneth’s father built poultry houses when he was young, but ended up selling them and relocating right before he was set to receive his first flock. Sheila’s parents were also poultry farmers, and she remembers spending most of her childhood working on the farm.

Farming is second nature to Kenneth and Sheila, and their Alabama Farm Credit family has helped keep their passion alive, now with their children running the operation. Recently, we had an opportunity to sit down with Kenneth and Sheila to discuss some of the challenges they faced, where they’ve found the strength to pursue their goals, and how Alabama Farm Credit has helped along the way.

“They’ve been good to us. We can’t say a bad thing about them,” the Smiths said, describing their relationship with Alabama Farm Credit.

“We had a dream 25+ years ago and are now reaping the benefits from our own hard-work and dedication, but also with the help and consistency of AFC.”

Kenneth and Sheila said that during their years running the poultry farm, they successfully worked alongside Albertville Branch Manager Greg Copeland and longtime Alabama Farm Credit CEO Ben Gore.

“We have full faith in the new leadership they now have and are excited for the future generations of farmers.”

In 1979, Kenneth and Sheila applied for their first loan at what was then Federal Land Bank. They used it to purchase land on what would eventually become their poultry operation.

A lot has changed since then.

“When we first started growing, we grew roosters, so the birds were much bigger. Today, we grow a smaller bird,” Sheila said. “The houses have changed a little, too.”

The financial help allowed the couple to afford more efficient systems, keeping the animals safe and comfortable.

“When we began, we had a tunnel nozzle system which fogged the water in the houses. Today, we have the cool cell system that helps keep the pads wet and pulls cool air to keep the houses much cooler. Our houses were the second on Sand Mountain to have the tunnel ventilated system.”

Like any agriculture operation, success came with hard work and plenty of obstacles that were overcome.

“The most consistent challenge we faced was diseases within the birds. That is something you really have no control over, you just had to come up with the best possible solution to stop the spread,” Kenneth explained.

Alabama Farm Credit, he said, was also a huge help when the interest rates went up in the 1980s, as well as whenever they faced any unexpected issues such as water leaks, generators going out and vent boards breaking.

“No challenge or obstacle has ever pushed us back too much, though,” according to Kenneth.

Several years passed before Kenneth and Sheila ultimately decided that it was time to begin construction on their two houses. They applied for financing in 1994 and finished both houses that same year, thanks in part to a strong relationship developed with Alabama Farm Credit.

Similar to the personalized touch our lenders provide today for producers seeking poultry loans , equipment loans , barndominium loans , equestrian property loans , and other agricultural loan products and services , Kenneth and Sheila received a rural home loan that met their needs.

While running the farm operations, Kenneth also served as the President of The DeKalb County Poultry and Egg Association for around 13 years.

His brother, Benny Smith, was also a member of the Board of Directors for Alabama Farm Credit for almost 20 years, prior to his passing.

“It was an honor to serve as President of the DeKalb AP&E for several years,” Kenneth said.

“We had a Board of Directors consisting of nine growers that were elected by fellow county growers and they were all great to work alongside with. We met once a year and had a big supper with entertainment, a guest speaker, great door prizes and good fellowship.”

Kenneth fondly recounted cooking meals by themselves at first and simply appreciating the comradery.

Later, he said when they were able to have the food catered, the Poultry and Egg Association out of Montgomery started an annual event.

“It was important for local growers to get together and be able to discuss and share their different issues or successes. We were also the first county in Alabama to be able to give out scholarships to our growers’ children.”

Around 2017, Kenneth and Sheila handed over the operation to the next generation, their sons Gregory and Michael Smith.

“Greg started about five years ago and Mike was about four,” Kenneth mentioned. “They both have full time jobs outside of this, as well. I am around during the day in case any alarms go off or any other emergencies arise. They do most of the hard and dirty work now, I did my time!”

Some things have changed since Greg and Mike took over, but some remain the same.

Kenneth mentioned that poultry farmers still really have no control over diseases, but upgrades in technology have helped with other aspects of the industry.

“Having the new upgrades and things such as the new cool pads and new computer systems makes things much easier than when we first got started. It is a lot more computer operated now than it was then. That doesn’t mean the work is any less though, that just comes with the times I suppose. Having them paid off sure helps, too!

Thanks to generational poultry farming, their granddaughter was able to conduct this interview and write this article, because of those strong relationships between family and Alabama Farm Credit.

“What would you recommend to new poultry farmers?” asked Presley Smith, granddaughter and Alabama Farm Credit Customer Service Representative.

“You can’t be in it just for the money, you need to have a passion and drive for it,” Sheila responded.

“It is always a good idea to have another source of income, too,” Kenneth said.

“There are a lot of expenses that go into each flock, and even more work to go along with it. Whoever you are in the business with, you must work as a team. Communication is key to keep operations running smoothly.”

That communication and collaboration continues today between the Smith family and Alabama Farm Credit. We provide the same level of relationship-driven lending to our other valued customers, as well.

As a customer-owned cooperative , you’ll benefit from our shared success through cash patronage and dividends. You’ll also receive assistance from loan officers who know what it takes to run a successful operation, no matter the type of loan you need. Talk with Alabama Farm Credit about your dreams, and turn them into a reality with loan products and services offered at competitive rates and flexible terms.

Call us toll-free at 1-877-681-6087 for more information, or get started today by applying for a loan .

Alabama Farm Credit delivers prizes to Alabama Corn Yield Contest winners

Fri, 05 Mar 2021 19:02:03 GMT

This is a subtitle for your new post

CULLMAN, Ala. – Eighteen Alabama farmers have a new tool of the trade after placing first, second or third in the 2020 Alabama Corn Yield Contest.

Each farmer received a 5-gallon Yeti LoadOut bucket — a durable, food-safe hauler. The top winner in each of six production categories also received a $50 Visa gift card.

Alabama Farm Credit staff members recently delivered the prizes across the state.

“We are proud to partner with the Alabama Soybean and Corn Association to reward these row crop farmers for their dedication and hard work,” said Mel Koller, Alabama Farm Credit chief executive officer. “We are especially proud of our Alabama Farm Credit members who won and placed in the contest.”

The state contest is part of the National Corn Yield Contest, held by the National Corn Growers Association . It recognizes farmers who excel by using modern seed varieties, advanced production techniques and innovative growing practices.

“Doing a yield check is like taking your temperature to see how you’re doing,” says Mark Hall, Alabama Corn and Soybean Association executive director. “It takes concerted effort for farmers to improve their overall yield and profitability. This helps them know what works and what doesn’t.”

One state winner ranked among the top growers in the country. Chad Henderson of Madison had the highest conventional irrigated corn yield in Alabama and the fourth highest in the nation.

Up to 80% of the corn in Alabama is grown north of Cullman, Hall says. Of the 18 winners, 15 were in North Alabama and three were in Central and South Alabama.

Farmers entered the state contest last summer, then harvested and weighed their corn under the watch of a supervisor. The state’s top corn yields ranged from 200.629 to 320.081 bushels per acre.

The list of winners and their yields is posted at www.alabamasoycorn.org/yield-contest/ .

Alabama Farm Credit is a member of the Farm Credit System, a nationwide network of customer-owned lending cooperatives. It provides financing for farms , timber and forestry operations, agribusinesses , country homes , recreational land, barndominium loans , equestrian property loans , and other rural property. The lender serves 27 North Alabama counties and has branch offices in Albertville , Athens , Cullman , Talladega and Tuscumbia .

Prize Winners

Amanda Stanton, Alabama Farm Credit senior loan officer in Cullman, presents prizes to Cullman County corn grower Ben Haynes. Haynes was the top winner in his production category in the 2020 Alabama Corn Yield Contest.

Myron and Laura Johnson of Henry County hold a 2020 Alabama Corn Yield Contest prize from Alabama Farm Credit. Myron Johnson was one of 18 state winners in the annual contest.

Madison County farmers Chad Henderson, left, and his son Jackson Henderson each receive two prizes from Alabama Farm Credit for being the top state winners in their production categories in the 2020 Alabama Corn Yield Contest. Chad Henderson also placed fourth in his category in the 2020 National Corn Yield Contest.

Madison County corn growers, from left, Stewart McGill, Steve Tate and Jeff Tate receive prizes from Alabama Farm Credit Athens branch manager Jason Thomas. The farmers were among 18 state winners in the 2020 Alabama Corn Yield Contest. McGill is also vice chairman of the Alabama Farm Credit board of directors.

Alabama Farm Credit Athens branch manager Jason Thomas, center, presents prizes to Madison County corn growers Stuart Sanderson, left, and Mike Henderson. The farmers were the top state winners in their production categories in the 2020 Alabama Corn Yield Contest.

Alabama Farm Credit Cullman branch manager Chuck Roberts, left, presents a prize to Marshall County farmer Greg Key. Key was one of 18 state winners in the 2020 Alabama Corn Yield Contest.

Corn grower Seth Moore of Pickens County holds a 2020 Alabama Corn Yield Contest prize from Alabama Farm Credit. Moore was one of 18 state winners in the annual contest.

Corn grower Will Curtis, right, of Pike County holds a 2020 Alabama Corn Yield Contest prize from Alabama Farm Credit. Will, pictured with his son Reed Curtis, was one of 18 state winners in the annual contest.

For more information, contact Wendy Tysinger, Alabama Farm Credit public relations specialist, at 256-737-7128

A Big Thank You to Retired Director Loyd Rutherford

Tue, 02 Mar 2021 19:11:43 GMT

A Big Thank You to Retired Director Loyd Rutherford

Longtime Alabama Farm Credit Board Member Loyd Rutherford retired from the board of directors on April 18. A director since 1990, he was board chairman from 1995 to 2017.

“You can’t talk about the history, success and growth of Alabama Farm Credit without talking about Mr. Loyd Rutherford,” said Alabama Farm Credit CEO Mel Koller. “Over the past 29 years, he has been a dedicated servant to Alabama Farm Credit and the entire Farm Credit System. He helped our cooperative navigate the farm struggles of the early ’90s, the transition to an ACA from a Land Bank, and prosperous growth through the past three decades. He made sure that stockholder interests were at the forefront of the association’s service, and ensured patronage was paid to demonstrate the value the stockholders had in the organization.”

Over the years, Rutherford served on the District Benefits Administration Committee for the Farm Credit Bank of Texas and the Farm Credit Benefit Alliance plan sponsor committee, which services both AgFirst Farm Credit Bank and Farm Credit Bank of Texas. He served on the boards of the Tenth District Farm Credit Council, the national Farm Credit Council and Farm Credit Council Services. Retired from working 32 years with a local cooperative, he owns and operates JRL Inc., a construction and development company in Moulton, Alabama. He also produces cotton, soybeans, cattle and broilers.

“It has been an honor to serve the stockholders of Alabama Farm Credit for the past 29 years, working with some of the most dedicated directors and three of the best CEOs in all of Farm Credit,” said Rutherford. “I will miss all the good friends I have made all over the United States.” The whole Alabama Farm Credit family thanks him for his tireless service, and hopes that he and his wife, Janice, are able to enjoy some wonderful time together with their children and grandchildren.

Seven Principles of a Cooperative

Tue, 02 Mar 2021 19:10:56 GMT

Seven Principles of a Cooperative

1. Voluntary and Open Membership

Cooperatives are voluntary organizations; open to all people able to use their services and willing to accept the responsibilities of membership, without gender, social, racial, political, or religious discrimination.

2. Democratic Member Control

Cooperatives are democratic organizations controlled by their members - one member-one vote. Members actively participate in setting policies and making decisions.

3. Members' Economic Participation

Members contribute equally to, and democratically control, the capital of the cooperative. Members benefit in proportion to their transactions with the cooperative rather than on capital invested.

4. Autonomy and Independence

Cooperatives are autonomous, self-help organizations controlled by their members. If the coop enters into agreements with other organizations or raises capital from external sources, it is done so based on terms that ensure democratic control by the members and maintains the cooperative autonomy.

5. Education, Training, and Information

Cooperatives provide education and training for members, elected representatives, managers, and employees so they can contribute effectively to the development of their cooperatives. Members also inform the general public about the nature and benefits of cooperatives.

6. Cooperation among Cooperatives

Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through local, national, regional, and international structures.

7. Concern for Community

While focusing on member needs, cooperatives work for the sustainable development of communities through policies accepted by the members.

When the Going Gets Tough, We’re Here for You

Tue, 02 Mar 2021 19:09:47 GMT

When the Going Gets Tough, We’re Here for You

You’re probably familiar with the saying, “When the going gets tough, the tough get going.” This particularly applies in agriculture.

Even when the sun shines and the perfect amount of rain falls, it’s a tough business. Markets can dry up faster than crops. Machinery breaks when you need it most. Yet farmers and ranchers generally don’t give up. They just work harder and smarter, optimistic that next year will be better.

But no matter how tough you are — mentally, physically or financially — it helps to have a lender who understands what you’re going through.

Your staff at Alabama Farm Credit understands the cyclical nature of agriculture. Many of us grew up in agriculture and still have personal connections to the land. We know that dealing with risk and managing a large budget can be stressful.

Alabama Farm Credit wants you to succeed. As a responsible lender , we encourage all of our customers to make the best decisions for their needs. At the same time, we must ensure that the co-op continues to flourish. When we do well financially, every member-borrower benefits . That’s one of the advantages of financing with our co-op — we look out for our borrowers’ interests.

For Alabama Farm Credit, 2018 was good year. Thanks to our strong financial results, we were able to return a $9.38 million cash patronage to our borrowers . That patronage payment effectively reduced your interest rate for 2018 by 1.25 percentage points.

I sincerely hope that 2019 will be an excellent year for all of our customers. However, if the going gets tough, come see us. Whether you need a word of encouragement or financing advice — or want to share some good news — we are always here for you.

Supporting Alabama FFA

Tue, 02 Mar 2021 19:08:54 GMT

Supporting Alabama FFA

At Alabama Farm Credit, we are honored to support the FFA, which is so valuable to the agriculture community. We were proud to recently partner with Alabama Ag Credit (AAC) to donate $20,000 to the Alabama State FFA Convention.

Together with AAC, we also served as title sponsors of the annual convention in Montgomery on June 4-7. More than 2,000 high school students gathered to compete in contests, celebrate the year’s accomplishments, develop leadership skills and take advantage of networking opportunities.

The experience and connections made in FFA will last a lifetime and help these young people transition into leadership roles in agriculture.

Farm Credit Supports Tools For Young Farmers Seeking Land

Tue, 02 Mar 2021 19:07:56 GMT

Farm Credit Supports Tools For Young Farmers Seeking Land

Secure land tenure is the foundation of a viable farm business. Finding available, affordable farmland, however, poses great challenges to many young, aspiring farmers .

Land access is number one challenge

In 2017, the National Young Farmers Coalition (Young Farmers) surveyed more than 3,500 young farmers and ranchers across the country and found that land access was their number one challenge, regardless of geography or whether they had grown up on a farm.

Those surveyed reported that they struggled to identify land to buy or rent that was affordable on a farming income, that had the appropriate resources for their operations, and that had housing opportunities. Of the respondents who cited land access as a challenge, 28 percent felt insecure, worrying that they could soon lose their land.

While some farmers can identify land that meets their needs, many require credit because land prices are so high. However, credit is hard secure with a nascent business. Young Farmers reports that this “chicken-and-egg conundrum” is especially challenging for the 75 percent of young farmers who are also first-generation farmers working to construct their businesses from the ground up.

Finding Farmland Course and Calculator

In order to address these challenges, Young Farmers partnered with the United States Department of Agriculture (USDA) to create the Finding Farmland Course and Calculator, which are available in both English and Spanish.

The Finding Farmland Course is a free, online tool that young and beginning farmers and ranchers complete at their own pace. The curriculum encourages participants to ask themselves, “What are my long-term goals, and how can different types of land tenure fit into those goals?” While purchasing land may be the right choice for some, others may find that land ownership is not their best option, or at least not when getting started.

The course draws on the expertise of numerous partners and includes interactive lessons with videos, resources, guest posts, and audio interviews. One of the topics covered is land transfer options. As older farmers look to retire, they may want to transfer their business and/or their land to a newer farmer gradually. While complex, land transfers can offer advantages for young and beginning farmers.

The course also probes participants to consider if outside financing could further their business goals, be that a loan, investment, grant, or cost-share program. They are invited to utilize the Finding Farmland Calculator , a unique mortgage calculator built to teach farmers about their financing options and to help determine what they can afford when preparing to buy or rent farmland. The calculator helps users compare financing options; learn about tools and strategies that could make farmland more affordable; and prepare to meet with a lender, such as Farm Credit.

Farm Credit lends a hand

Intimately tied to agriculture, Farm Credit understands the challenges that beginning farmers and ranchers face, and we understand the vital role that they play in the future of American agriculture. That’s why Farm Credit is proud to support Young Farmers’ Finding Farmland Course and accompanying Finding Farmland Calculator.

Chris Laughton of Farm Credit East has been involved with the creation of the Finding Farmland Calculator since the initial planning stages. He said, “Young Farmers did an admirable job taking recommendations from a diverse advisory panel into account while creating this tool. The end product is excellent and quite useful for someone relatively new to agriculture who is trying to evaluate different land tenure scenarios to see what might be best for them.”

Farm Credit Statement On USDA Announcement Of Ag Funding

Tue, 02 Mar 2021 19:06:25 GMT

Farm Credit Statement On USDA Announcement Of Ag Funding

WASHINGTON, D.C. – Farm Credit Council President and CEO Todd Van Hoose made the following statement regarding last night’s announcement of aid for farmers and ranchers.

“On behalf of Farm Credit, we thank Secretary Perdue and President Trump for their quick action to provide much needed direct assistance to farmers and ranchers. U.S. ag producers face unprecedented interruptions in the food/ag supply chain because of the Covid-19 pandemic. This latest blow comes after multiple years of low commodity prices, disastrous weather and global trade disruptions.

“A direct infusion of cash to farmers and ranchers will help secure the food supply chain during this pandemic. We encourage Congress and the Trump Administration to ensure that the aid reaches all hard-hit sectors of agriculture, especially livestock, dairy and produce.

“While we anxiously await the details of the assistance, we pledge to continue fulfilling our mission and supporting our customer-owners as they work through with this ongoing crisis.”

FOR ALL MEDIA QUERIES:

Mark Hayes, Senior Director of Communication

Explainer: Interest Rates and Terms

Tue, 02 Mar 2021 19:05:33 GMT

Explainer: Interest Rates and Terms

We offer loans for farms, rural property, and life in the country at a variety of rates and terms so you can get the financing that fits best.

Learn about the rates and terms that may be available for the kind of financing you need.

Rates

We offer fixed, variable, and adjustable rates, depending on the type of loan you have with us.

Fixed Rates

The interest rate on all fixed-rate loans can be fixed for the full term of the note. This allows you to know your annual interest expense throughout the life of the loan. Agricultural fixed-rate loans are not subject to a prepayment penalty with the exception of large loans where a prepayment penalty is negotiated up-front with the borrower.

Variable Rates

Variable-rate loans have an interest rate that can vary up or down, during the term of the loan. The rate being charged on variable rate loans is tied with a particular “index”. These indexes allow you, the borrower, to judge for yourself, what potential movement there may be in the rate.

Adjustable Rate

Adjustable Rate Mortgages (ARMs) are a special kind of product that combines features of both fixed and variable interest rate products. ARM’s fix the interest rate for a specified period of time, one-year, three-year or five-year. The interest rate is indexed to US Treasury securities. As US Treasury rates move the rate on the ARM may move also, after the initial fixed period.

Terms

Depending on the kind of loan, we offer short-term, intermediate-term and long-term repayment periods.

The length of a loan repayment can range from one month to 30 years, depending on the loan program and rate selected.

Good financial management dictates that loan terms correspond to the life of the operation or asset being financed. For example, seed, fertilizer and other agricultural operating expenses are “used up” when the crop is grown, while items with a very long life, like farm real estate, can support longer terms.

Read about the loan term options that may be right for you, then ask us for more information about the particular loan you need for your operation or country lifestyle.

Short-term Loans (12 months or less)

Short-term loans are intended to cover operating expenses .

Labor, seed, fertilizer, chemicals, equipment repairs and custom work
Feed, electricity and veterinary costs
Other general operating costs
Family living expenses, including college expenses

The interest rates for these loans are competitive. The interest rate options include fixed rates, prime based variable rates and variable rates (indexed to LIBOR).

Intermediate-term Loans (1 year to 10 years)

Intermediate-term loans are for amortization terms of 1 to 10 years.

Real estate purchase
Machinery and equipment purchases
Livestock purchase
Refinancing of short-term debts
Vehicles purchase or refinance

The interest rates for these loans are competitive. The interest rate options include fixed rates, balloon rates, adjustable rates (1, 3 or 5 year), and variable rates (indexed to LIBOR).

Long-term Loans (up to 20 years)

Long-term loans are for amortization terms up to 20 years, or even 30 years if the loan is related to the borrower's primary home.

Real estate purchase
Refinancing long-term indebtedness
Dwelling and facilities construction
Farm improvements
Orchard establishment/replanting
Nursery/greenhouse facilities
Poultry, dairy, or other livestock

The interest rates for these loans are competitive. The interest rate options include fixed rates, balloon rates, adjustable rates (1, 3 or 5 year), and variable rates (indexed to Prime or LIBOR).

Important Information Regarding COVID-19

Tue, 02 Mar 2021 19:03:40 GMT

Important Information Regarding COVID-19

Alabama Farm Credit Offers Assistance During COVID-19

We know that this unprecedented situation has created stressful times for our members, and we are here to help in any way we can. Our Association has implemented a COVID-19 Response Program to be able to provide accommodations for your loan payments.

This may include a deferral of loan payments or other payment modifications.

If you are interested in more information on this program, please reach out to your loan officer. Visit our Locations page for your branch contact information.

The health and well-being of our customers, employees, and community is our highest priority. For this reason, we are taking all necessary precautions with the threat of the Coronavirus.

For 24-hour access online to your account, please continue to use our online banking platform, Ag Banking Online. Learn more about this service and sign up by visiting our About Ag Banking Online page.

For contact information for your local branch, visit our Locations page.

A Restaurant in the Wilds

Mon, 22 Feb 2021 19:14:10 GMT

A Restaurant in the Wilds

Some kids would have outgrown the idea, but not Terry. He followed the dream, establishing his own herd of whitetails and becoming a certified deer breeder in 1998. But the Alabama Farm Credit customer didn’t stop there. What started as his deer farm near Sardis City, Ala., has grown into so much more — well beyond his original dream. The farm is now home to nearly 400 animals, including many exotic wildlife species. Over the years, Terry and his wife, Jennifer, have added elk, bison, antelope, black bear, camels, lemurs, monkeys, an ostrich and other creatures. Open to the public, the exotic animal park, located between Gadsen and Albertville, draws visitors from afar. But the Turks didn’t stop with exotic animals, either. They added an outdoor events pavilion, an antique barn and all types of outdoor entertainment. You can ride a camel or steer, and at the general store you can purchase local honey and even watch bees work. Activities planned for the coming months — knife-throwing, archery, chainsaw carving, arrowhead-making, mechanical bull riding and cowboy cooking — are detailed on the park’s website and social media sites.

Wild Game on Menu

In January, the family opened their latest venture — Bama Bucks Steakhouse and Wild Game Restaurant . With its Midwestern atmosphere, created by cabin style decor and moose, deer and fish mounted on the walls, the restaurant is unique to the region. Its 44 employees are all knowledgeable about the wildlife park and can tell you about the animals mounted inside and as well as those roaming outside.

Word about the restaurant has spread quickly. No wonder. The menu offers some exotic options, including 30 percent wild game — elk, bison, gator, pheasant and quail. Grilled elk steak with blackberry BBQ sauce is the No. 1 game item on the menu, followed by bison ribeye. If you prefer beef, you can order an Angus steak, sourced from Florence, Ala., and dry-aged 30 days.

“Alabama Farm Credit has been absolutely awesome to deal with. We couldn’t have gone with anyone else that would have made this so easy.” – Terry Turk

Caring for 400 animals is a big chore for Terry, who works for Marshall County Power, and Jennifer, a teacher, but they don’t do it alone. Their three children — Jay, 25, Cody, 23, and Josie, 17 — all help with the day-to-day operations. As he reflects on the family’s accomplishments, Terry says he is grateful to have a lender who shares their vision. “Alabama Farm Credit has been absolutely awesome to deal with. We couldn’t have gone with anyone else that would have made this so easy,” he says. “I would also like to personally thank Dan Cofield for his time that he has put toward this project. We really needed someone to believe in us, that this would work. It took us two years to build this place and the payoff has been absolutely incredible. “We know that God has truly blessed us on this new adventure, but without the good people at Alabama Farm Credit working with us, it wouldn’t have been possible,” he says.

Cofield, a loan officer in Alabama Farm Credit’s Albertville branch , was glad to be involved. “I feel privileged to have been a part of bringing the Turks’ dreams to reality in my hometown of Sardis City,” Cofield says. “Bama Bucks is one of the most unique attractions in our area, and I know it will flourish for many years to come.” For more information, visit bamabucks.com.

alabama-farm-credit

AG Night 2025 Recap: A Night to Remember

AG Night 2025 Recap: A Night to Remember

Annual Impact Report Video 2025

Annual Impact Report Video 2025

5 Ways to Prepare Your Farm for the Alabama Heat

This is a subtitle for your new post

1. Check Your Water Systems

2. Tune Up Equipment Before You’re in a Bind

3. Look for pests

4. Protect your soil

5. Review your emergency and insurance plans

Member Spotlight - Whit and Amanda Lovelady

Member Spotlight - Whit and Amanda Lovelady

The Link beefs up food pantry

The Link beefs up food pantry

Alabama Farm Credit's 2024 Summer Interns

Alabama Farm Credit's 2024 Summer Interns

Catherine Roberts

Logan Tharpe

Kiera Collins

Avian Flu

Avian Flu

The Risks

Potential for Economic Losses

Biosecurity Measures Must Be a Priority

Resources

Annual Impact Report Video 2024

Annual Impact Report Video 2024

David Winston Bryant and Jordyn Upchurch Elected to the Board

David Winston Bryant and Jordyn Upchurch Elected to the Board

The Link in Cullman, Alabama: A Community Response to Hunger and Homelessness that goes Beyond the Holiday Season

The Link in Cullman, Alabama: A Community Response to Hunger and Homelessness that goes Beyond the Holiday Season

Calling on our Community

Other Impacts of The Link

Empowering Women in Agriculture: The Journey of Liz Spruell and Spruell Farms

Empowering Women in Agriculture: The Journey of Liz Spruell and Spruell Farms

Meet Liz Spruell, a 4th generation farmer and proud owner of Spruell Farms.

What advice would you give to someone looking to grow their operation or start one from the ground up? ﻿

Reeves Peach Farm: A Legacy of Fresh, Tree-Ripened Peaches

Reeves Peach Farm: A Legacy of Fresh, Tree-Ripened Peaches

Welcome to the 2023 Alabama Farm Credit Summer Interns

Welcome to the 2023 Alabama Farm Credit Summer Interns

2023 Alabama Farm Credit Scholarship Recipients

2023 Alabama Farm Credit Scholarship Recipients

Below are the winners from our 2023 program:

Hayden Mitchell

Angela Harris

Makayla Stewart

Ethan Tapscott

Callie Ashley

Carlin Parrish

Mary Ortiz

How Ben Brown of Brown Dairy Farm Keeps the Family Legacy Alive with the Help of Alabama Farm Credit

How Ben Brown of Brown Dairy Farm Keeps the Family Legacy Alive with the Help of Alabama Farm Credit

Experience the Ultimate Hunting and Fishing Getaway at Willow Oak Lodge's New Pheasant Ridge Cabin

Experience the Ultimate Hunting and Fishing Getaway at Willow Oak Lodge's New Pheasant Ridge Cabin

Nothing like a Father Daughter Bond: Erin Duke of Stockdale Farms

Nothing like a Father Daughter Bond: Erin Duke of Stockdale Farms

What is a benefit of working with Alabama Farm Credit?

2023 Annual Stockholders' Meeting Information Statement

2023 Annual Stockholders' Meeting Information Statement

A Story of Dedication and Hard Work: Jerry Allen Newby of Newby Family Farms

A Story of Dedication and Hard Work: Jerry Allen Newby of Newby Family Farms

"Unlock Your Potential for a Summer Internship at Alabama Farm Credit"

"Unlock Your Potential for a Summer Internship at Alabama Farm Credit"

What’s In It for You?

Get Ready for the Real World

FAQs

"From One Cattleman to Another"

"From One Cattleman to Another"

"Overcoming Tree Farming Challenges with Alabama Farm Credit"

"Overcoming Tree Farming Challenges with Alabama Farm Credit"

What is an Asset vs Liability

What is an Asset vs Liability

Differences between Assets and Liabilities

Assets

Liabilities

Let us Help Manage Your Budget

A Healthy You. A Healthy Farm.

What advice would you give to someone looking to grow their operation or start one from the ground up?

What is Poultry Farming?

Types of Loans in Agriculture