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News and Articles for multiple categories |
8/4/2010The Honeymoon Period Is Over!
You've hired a family member to work in the family business. You made it through the first few months - tiptoeing around issues of conflict, ignoring differences of expectations making concessions to keep peace. But now the "honeymoon period" is over! Read more... 7/1/2010Ticked off. Put out. Funks. Pits. Snits. Been there. Done that. How about you?
Each of these descriptive words or phrases conjures up a specific personal reaction. They describe a mood and behavior often caused by thwarted hopes and dashed expectations of what was supposed to happen. And oh yes, we have a lot of opportunities for justifying a "snit!" Read more... 6/30/2010
Dairy farmers and AgStar clients Roger and Bev Peterson will host Wisconsin’s 2010 Farm Technology Days from July 20-22. Their land on both sides of the highway will be soon be teeming with the close to 81,000 visitors, exhibitors and vendors expected at the event.
The Petersons own 800 acres and operate 1,600 acres of farmland about two miles southwest of River Falls, Wisconsin. The farm consists of a dairy operation combined with feeder cattle supported by a sizeable cash grain enterprise. Their management and workforce consists of their five children and three part-time employees. In addition, Roger’s dad, Leroy Peterson, is still very active in his own farming operation and work shares with Roger and Beverly.
Farm Technology Days is the Wisconsin’s largest agricultural exposition. The three-day event spotlights the latest improvements in farming. Each year since 1954 it's been held in a different county at a different host farm.
The AgStar Fund for Rural America awarded a $10,000 grant to the program in support of a Youth Tent which will guide visitors in hands-on, interactive, educational and fun experiences that underscore this year’s theme: “The Power of Agriculture.”
More information can be found at www.piercefarmtech.com. 6/28/2010
Imagine witnessing first-hand the aftermath of an F-4 tornado. Envision the devastation 177 mile-per-hour winds would leave in their wake. Nearly 100 of AgStar Financial Services employees don’t need to imagine it. They were there to help pick up the pieces. Read more... 6/24/2010
It’s hard to understand why the situation in south central Minnesota isn’t getting much media attention outside the region. The impact from the June 17th storms was huge. At least 26 AgStar clients, and countless others in the area, suffered varying degrees of devastation: from total destruction to tree, roof, crop and field damage.
Homes were flattened, fields ravaged and farm buildings were crumpled and blown for miles like yesterday’s newspaper. But hope survives, and the AgStar team is helping pick up the pieces, with over 100 volunteers on the ground and donations of water, food, dollars and supplies.
Read more here: http://www.kimt.com/content/localnews/story/Farmers-Cleaning-Debris-Fields/2yyZ2tGpaECAUYH2C2GQew.cspx
and here: http://www.albertleatribune.com/news/2010/jun/22/neighbors-help-neighbors/
The AgStar Fund for Rural America, AgStar’s corporate giving program, has pledged $25,000 to the Southern Minnesota Initiative Foundation to provide immediate relief to farmers. Other organizations and corporations are encouraged to match the funds.
If you would like to help with the clean-up efforts, call 507-373-4544. If you would like to give a monetary donation, please mail your check to:
Freeborn County Red Cross
1608 West Fountain St.
Albert Lea, MN 56007
Here about what our team has to say.
Check back soon for further updates. 5/21/2010On Dirty Jobs, I’m no expert, and I’m even less of one here. But I have a theory, and it goes like this – all jobs rely on one of two industries – mining and agriculture. Every tangible thing our society needs is either pulled from the ground, or grown from the ground. Without these fundamental industries there would be no jobs of any kind. There would be no economy. Civilization begins with miners and farmers, and polite society is only possible when skilled workers transform those raw materials into something useful or edible.
I started mikeroweWORKS.com, because I think we’ve become disconnected from that basic premise. I think we’ve simply forgotten about the underlying industries upon which all else depends, and as a result, created for ourselves a vocational identity crisis. Our collective definition of a “good job” has evolved into something that no longer resembles Work, and that has detached us from a great many things, including our food, and the people who provide it.
Could this be the root cause of the FFA’s “perception problem?” Could our warped view of the modern farmer be just another symptom of our warped relationship with work in general? It’s just a theory, but how else can we explain a country that marginalizes and stereotypes the very people we depend on most? From what I’ve seen, most people like farmers. Most people like food. The problem is Work. We’ve spent decades trying to distance ourselves from traditional notions of Work. And who embodies Work more than The American Farmer?
If Chad’s right, U.S. animal agriculture is under siege, and we’re well on our way to getting our eggs from China and our beef from Brazil. Perhaps this would please The Humane Society. Perhaps PETA would like to see those items removed from menu’s altogether, and that’s fine. People often disagree about important matters, but without context, the bigger issue gets lost. This is our food supply we’re talking about – not the size of a chicken’s cage, or the resistance to chemically enhanced soil. We already rely on the world for our energy. Do we really want to rely on them for our food as well?
I auditioned the other day for the voiceover on a TV commercial about the American Farmer. (Yeah, I still audition.) I don’t recall the whole thing, but it started out like this – “Every year we demand more and more from our farmers. More food from less land. More food from less energy. More food from less labor. And every year our farmers deliver.”
I believe that to be a true statement. I also believe that as a country, we haven’t made it easy for them. Two percent of our population provides the rest of us with all the food we need, and we behave as though it’s our birthright. Like nothing we do can threaten the abundance. It seems to me that as a country, we could do a better job of supporting the people who feed us. And we could start by acknowledging the incredible challenges facing The American Farmer.
But I digress.
All I really wanted to do was congratulate The FFA for their good work, and thank them for inviting me back to Indianapolis. I spend a lot of time these days talking about the importance of getting dirty – mostly with white-collar workers who don’t really know what I’m getting at, which is fine. Preaching to the choir doesn’t do much but bore the choir, so I rarely take the opportunity to talk to groups who already “get it.”
However, there is something to be said for occasionally finding yourself in the company of like-minded people. And every so often, if you can get your thoughts organized in time, it’s fun to address the rafters and deliver a message that gets 50,000 enthusiastic future farmers to stand up and holler back with unbridled gusto.
Such were my last three days in Indianapolis. Good for the spirit, good for the ego, and far superior to crawling down a flaming chimney.
Not that there’s anything wrong with that…
- Mike
Click here to read the entire May 21 edition of FCS Monday Morning [PDF]. 5/18/2010
Agriculture Deputy Secretary Kathleen Merrigan today announced the Transition Incentives Program (TIP) - a new program under the Conservation Title of the 2008 Farm Bill - to encourage retired or retiring owners or operators to transition their land to beginning or socially disadvantaged farmers or ranchers.... Read more from the USDA - Farm Service Agency. 5/10/2010
Net earnings reported at $18 million
Listen to Lynn Ketelsen, Linder Farm Network, interview Paul DeBriyn, AgStar President and CEO, regarding AgStar’s first quarter results. Listen now! [MP3]
MANKATO, Minn. (May 6, 2010) – AgStar Financial Services, a value-added financial services company owned by its client-stockholders, reported net earnings for first quarter ending March 31, 2010. The company recorded a solid performance, with net after-tax earnings of $18 million. Last year’s same quarter earnings were posted at $9 million. The strong results are primarily due to a reduction in provision expenses and improved economics across the agriculture industry. In addition, net income was positively impacted by AgStar’s share of premium refunds offered by the Farm Credit System Insurance Corporation.
“As anticipated, the economics and balance sheets in the grain industry remain strong. Ethanol remains profitable and the dynamics of the swine industry have improved over the past several months,” stated Paul DeBriyn, President and CEO of AgStar Financial Services. “However, we continued to see challenges in the dairy industry during the first quarter as our dairy producers have been plagued by low milk prices.”
AgStar’s gains from core operations also remain strong and are reported at $22.8 million. Net interest income is nearly 7% ahead of last year’s pace through the first quarter. In addition, company revenues were boosted by solid loan fee income, crop insurance commissions, and tax service revenue.
“Serving our valued clients and stockholders remains our top priority,” said DeBriyn. AgStar’s client satisfaction and client loyalty results continue to be very strong. “We are committed to providing clients with the industry expertise and unparalleled service they expect from AgStar,” stated DeBriyn. The company’s capital position is well above regulatory minimums and availability of funding is readily accessible for new loans to support AgStar’s core business. “We remain profitable because we have upheld disciplined credit practices and we’re proud to have a strong, committed team in place to serve our client-stockholders,” noted DeBriyn.
About AgStar: AgStar Financial Services, ACA, headquartered in Mankato, Minn., employs nearly 600 full-time team members. The company is part of the national Farm Credit System and has a public mission to serve 69 counties in Minnesota and northwest Wisconsin. The company has expertise in the corn, soybean, swine, dairy and bio-energy industries. AgStar has developed successful programs in loans, leases, crop insurance, tax services, accounting, consulting and rural home mortgages. As a value-added financial services cooperative, AgStar allocates patronage dividends to its 13,000 stockholders. Visit www.AgStar.com for more information.
Contact: Heather Leiferman Heather.Leiferman@AgStar.com 507-529-2087 5/3/2010
by: Jolene Brown, CSP
Have you ever found yourself in the middle of “small talk” that takes a turn to “targeted talk?” Where an individual or a group is now the focus of “comparison, entertainment, revenge, assumptions?” This is a quick turnaround from conversation to negative gossip.
Wikipedia defines gossip as "idle talk or rumor, especially about the personal or private affairs of others. It has a reputation for the introduction of errors into the information transmitted."
I define gossip as "spreading around other people’s misery." Either way, the result is usually not positive for either the "target", or for the ones talking. And, with gossip, there is no "self-defense" because the third party is not present!
Please understand that not all sharing of information about another is negative. In many cases it can identify a source of need. It can be a form of social bonding. It can even positively influence an opinion. A challenge is that for many the "chit chat" of gossip-words has become a form of "background noise," nothing more than idle chatter, therefore assuming it has no real impact. In fact, gossip can be so prevalent that some people do it without realizing it. It is merely conversation filler until something more important comes up, or until they get called to account.
Here's the problem: the people talking may be transmitting information as though it were fact, but they've not confirmed the information as factual. And often, the speaker's body language or tone of voice suggests a moral judgment about the person or the behavior meaning "My position is superior to the one we're talking about."
Dr. Beverly Smallwood (www.drbevsmallwood.com) from the Hope Center in Hattiesburg, Mississippi is a psychologist and member of my master mind group. She studied, and then wrote about this thing called “gossip.” In her work she determined reasons why people gossip. Here are the top two.
- The first is to experience a perverted form of entertainment.
We're surrounded by a world of competition, a world of winners and losers. With gossip we get the satisfaction of "calling the race and being the winner!" Dr. Smallwood says, "We have a thirst for latest; an excitement of being among the first to know; and then there's the thrill of passing it on." Who wants to give up that "adrenaline rush?"
- The second is to feel better about one self by comparison.
We create false feelings of superiority, smugness and vindication when it's based on the misfortunes of others. The underlying premise is that we can build ourselves up by bringing others down.
Instead, please consider this positive option. If you find yourself in the midst of a "gossip conversation" I suggest you "take your turn"…only this time, be the catalyst of positive change.
Here's a sample conversation:
They: = "Have you heard….? (They've just shared their tidbit of information and opinion.) You = "Gosh! Where'd you hear that?" They = "The coffee shop." "The church basement." "From Doris." You = "Do you suppose that's true?" (Notice you're not accusing them of lying, but in effect you are indicating they expressed a belief, an opinion, and others may have with a different opinion.) They = "Oh yes, it's true." (Then you continue with one of these three options.) 1. You = "Gosh, if it's true, how can we help them?" (This is usually a conversation stopper. The intent of the "gossipers" may not be to "help"…but just to "talk." Or, it might start a new thought pattern with some good ideas, changing the conversation to one of help and hope, not judgment and superiority.) OR 2. You = "I'm curious about this. Would you be willing to share your resource or documentation with me?" (You're teaching the need to be factual and credible.) OR 3. You = "Gosh it seems like they have a lot of worries and problems without us spreading it around." (Then immediately change the subject – weather, kids, crops, food, fun, etc.
Turning a conversation from "targeted talk" to small talk or even helpful talk is an admirable characteristic of confident women, leaders and achievers. It has the potential to build up all involved, not tear a person down.
Next time you find yourself in the midst of a "chit-chat" ask yourself, "Am I helpful or hurtful?" Then act like a leader, and make a positive difference.
 Jolene Brown, CSP
Jolene Brown is farmer, professional speaker, and family business consultant from West Branch, Iowa, USA. Her work has her traveling across North America and countries beyond. Jolene's mission is to nurture the people who feed, clothe and fuel the world. With her fun-filled spirit and valuable information, she brings humor, hope and helpful ideas to the people of agriculture.
www.JoleneBrown.com Jolene@JoleneBrown.com
Copyright © 2009 Jolene Brown. All Rights Reserved Reproduction granted for AgStar by Jolene Brown.
In the comment box below, please share your answers and insights to the following questions:
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What has been your reaction when you found yourself the target of gossip?
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How do you change a gossip conversation into one with a better result? 4/16/2010
Are you wondering whether you have enough insurance or whether you have too much insurance, especially now when everyone is trying to spend less. By insurance, meaning all types of insurance whether it is auto, homeowners, or health insurance. Is your life insurance coverage the right amount and if something unforeseen happens will your family be okay especially with the reality of financial security being scrutinized more closely than ever.
The question to ask yourself is “will someone suffer financially when I die?” If so, then chances are you need life insurance or more life insurance then you may already have in place.
If you are:
- married, you share your financial obligations with your spouse. Would your significant other be able to pay off your debts such as credit cards and car loans and still be able to cover monthly bills such as the mortgage and utilities?
- married with kids, many families depend on two incomes to help make ends meet. If you were to die suddenly would your family be able to maintain the standard of living they were accustomed to when you were with them. Will your son or daughter be able to afford to go on to college?
- a stay-at-home parent you may not be bringing in another income, however, think about the important part you do play in your family’s affair. You are the chief cook and bottle washer, primary caregiver, provide transportation for the kids plus an errand runner and more.
- a single parent, you are all your kids have. You are their provider. If something were to happen to you, your children would be affected emotionally and financially. Make sure their financial needs are taken care of with your life insurance benefit.
- older and the children are grown and no longer are dependent on you and your mortgage is paid, that doesn’t mean you don’t have a need for life insurance. Will social security and your savings be enough for your spouse to support themselves with the cost of daily living expenses. How long would your spouse be able to support themselves without some type of financial security from your life insurance benefit. Would there be anything left to pass down to your children or grandchildren?
- retired. Do you want your heirs to have a sizeable estate tax payment after you die or would you like the proceeds of your life insurance policy to take care of the tax implications. Life insurance proceeds are generally income tax free and can be arranged to avoid probate.
- single. If you support or are a caregiver for anyone such as elderly parents or siblings, you will want to consider life insurance to help meet their needs. If you have any type of debt (home, farm, machinery) you don’t want to pass those onto your family. Also, when you are young and in good health this is the best time to purchase life insurance, as the premiums will more than likely be at their lowest.
Life insurance provides cash in the form of a death benefit when you die which can help your family meet their financial needs (loan payments, dependent expenses, daily living expenses, etc.). Will there be funds available to pay funeral expenses, medical bills or estate taxes?
So, how much life insurance do you really need, the question is how much life insurance do your loved ones need? Evaluate your family’s needs, and gather your financial information, consider your final expenses (funeral home costs, medical bills, estate taxes) and then review what is currently available to you (savings, investments, retirement accounts, and life insurance already in place), the difference would be a great starting point for your life insurance need.
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