Rural Alabama The Focus Of New Economic Growth Initiative

Rural Alabama is poised to benefit from a new initiative cultivating long-term, sustainable economic growth through agricultural investments.

The AgTech Initiative received a boon through a $500,000 appropriation from the Alabama Legislature to implement its strategy in 2023.

“Our goal is to identify Alabama’s real, meaningful strengths that many people can intuitively mention but don’t have the numbers to back up,” said Greg Barker, president of the Economic Development Partnership of Alabama (EDPA). “From a statistical perspective, we need that validation to bring business in, permeate our strategy and help the people of Alabama.”

EDPA is tasked with implementing the AgTech Initiative’s three strategies: confirm agriculture and forestry’s economic impact, address gaps in the agricultural supply chain and commercialize agriculture-related technologies in Alabama.

“Economic opportunities are tremendous today,” said Commissioner of Agriculture & Industries Rick Pate. “We need to open our eyes and see things we can capitalize on and improve to help farmers and agribusinesses.”

This year, EDPA will work with partners to conduct an economic impact study of agriculture and forestry. The last study in 2012 showed the industries’ impact was over $70 billion annually.

It’s critical to confirm those numbers have risen, even as farmers battle labor shortages and rising input costs, said Alabama Farmers Federation President Jimmy Parnell. The Chilton County cattle farmer, whose family is also in the timber business, said the state’s strength is found in its grassroots.

“Agriculture and forestry are in all 67 counties. We think that’s important,” Parnell said. “A lot of our counties are losing population, we have a few growing amazingly, and then some are stagnant. It’s incredibly important for us to bring growth to rural parts of the state, and we believe ag and forestry

ALFA

ALFA

ALFA investments will achieve that goal. This is a step in that direction.”

The AgTech Initiative will also delve into the forces driving revenue in rural communities and discover ways to enhance existing agribusinesses through technology, infrastructure investments and innovative labor solutions.

Findings will be available in 2024.

JANUARY 31, 2023

Policyholder Annual Meeting and Record Dates

RESOLVED, that the 2023 Annual Meeting of Members of the Company shall be held on March 27, 2023 at 8:30 a.m. at the executive offices of the Company in Montgomery, Alabama, and the Secretary is hereby authorized and directed to give notice of same by publishing such notice in Neighbors magazine.

RESOLVED FURTHER, that February 6, 2023, at the close of business be and the same is hereby fixed as the record date for determining Members entitled to notice and to vote at said Meeting.