Fall 2012
Giving Back
yields
Fall 2012
FEATURE STORY > 4 New Second Harvest Distribution Center in Pasco, Wash. will increase food bank distribution from 5 million to 9 million pounds of food a year.
Who we are: Northwest Farm Credit Services is a customer-owned, financial services cooperative, providing more than $11 billion in credit, crop insurance, and related services to farmers, ranchers, agribusinesses, commercial fishermen, forest products producers, equipment dealers, chemical suppliers, part-time farmers, and country homeowners.
A Mission of Stewardship Phil DiPofi, President and CEO
Board of Directors Kevin Riel, Chair, Yakima, WA Karen Schott, Vice Chair, Broadview, MT Rick Barnes, Callahan, CA Christy Burmeister-Smith, Newman Lake, WA Drew Eggers, Meridian, ID Jim Farmer, Nyssa, OR
Simply put, stewardship is the careful and responsible management of something entrusted to one’s care. Just as farmers and ranchers have been entrusted to be good stewards of the land, our Northwest FCS team has the same responsibility – to be exceptional stewards of your cooperative. We must continue to care for and grow a strong and stable lending organization that will provide for the financing and related service needs of our member borrowers for generations to come.
Mark Gehring, Salem, OR Dave Hedlin, Mount Vernon, WA John Helle, Dillon, MT Herb Karst, Billings, MT Bruce Nelson, Spokane, WA
At Northwest FCS, part of stewardship also means finding ways to help young producers get started and to support entrepreneurs in new, emerging markets. We are called by Congress to serve the full breadth of agriculture, from small, local growers to large, vertically-integrated operations. This is a stewardship responsibility we take seriously. Next year we will expand our AgVision program by offering existing customers a four-year extension in the program. This will give our veteran AgVision producers more time to build their management and financial skills as we enhance our education programs.
Dave Nisbet, Bay Center, WA Julie Shiflett, Spokane, WA Shawn Walters, Newdale, ID
About Yields Yields is produced for stockholders of Northwest FCS, an
Agriculture’s roots grow deep in healthy, productive communities where talented employees, suppliers and vendors make the business of agriculture possible. Strong communities foster strong businesses. To complement the business side of our stewardship mission, we are putting our company’s talent and resources back into these communities. We will continue to enhance our support for safety, economic development, infrastructure, and quality of life projects to care for the people who live in the communities we serve. Because our corporate roots are deeply ingrained in food production, we strongly support food bank networks that help less fortunate people in rural communities receive the food and nutrition they need. We encourage our employees to volunteer for regional and local food banks and encourage our customers to help us address hunger by donating their time, talent and treasures of bountiful food.
Agricultural Credit Association. Comments and story ideas
Familiy Business Succession Planning Seminar > 10
can be sent to the Marketing Department, c/o Northwest FCS, P.O. Box 2515, Spokane, Washington 99220-2515.
Business Management Center Calendar > 11
website: farm-credit.com
New Members Stock Program > 17
Northwest Farm Credit Services is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, marital status, age, disability, disabled veteran, Vietnam era or other eligible veteran status.
I am continually inspired by stories from customers and employees who share a passion for doing good work and helping others. Not because they have to. But, because they want to give back and make a difference in their schools, churches and communities. As responsible stewards, we care for and share our blessings and business resources with others to the best extent we can. Together we accomplish great things.
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Advocates in the Fight Against Hunger
Financial Insights Net Income
Net Loan Volume
(in millions)
150
(in millions)
We share a deep passion and appreciation for our agricultural roots. We’re
10000
$144.6
$9,072.7 $8,565.0 $122.9 $117.4
120
$112.6
$8,403.7
$8,568.6
8000
blessed to live in a region as bountiful as the Northwest, known for abundant natural resources. Sometimes it’s not easy to see – amongst all this bounty –
90
6000
60
4000
30
2000
0
0
the number of families in our community who go hungry. Sadly, some of the hungriest counties in the Northwest are where we grow the most food. Food banks across the country are seeing unprecedented need for food assistance as they face the worst economic
12 Actual
12 Budget
11 Actual
11 Budget
12 Actual
12 Budget
11 Actual
11 Budget
recession since the 1930s. Rural communities, where unemployment and underemployment are higher, face
Financially Related Services
Nonaccrual Loan Volume & Acquired Property
(in millions)
(in millions)
always mean a lack of generosity. Everything boils down to $292.8
300
12 $10.6
$248.1
250
10 $8.8
$8.6
tougher challenges with fewer resources. Hunger doesn’t
$255.0
and distribute billions of pounds of food for the needy.
$214.2 $7.6
8
phenomenal need and capacity – to source, fund, transport, At Northwest Farm Credit Services, we are
200
closely tied to food production. 6
150
4
100
2
50
0
12 Actual
12 Budget
11 Actual
11 Budget
0
That’s why we’re investing our time, talents and resources to help less fortunate people receive the food and nutrition they need. 12 Actual
Core Capital Ratio 15
13.9% 13.2%
100 13.3%
13.3%
80
9
60
6
40
3
20
12 Actual
12 Budget
11 Actual
11 Budget
Credit Quality
12
0
12 Budget
11 Actual
11 Budget
0
4.7% 2.9%
7.1% 5.7%
92.4%
87.2%
2012
Acceptable
2011
OAEM
Substandard
(September 30, 2012 and 2011)
3 | Nor thwest Farm Credit Ser vices
yields Fall 2012
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Today, millions of Americans are struggling with hunger.
Their partnerships with more than 250 neighborhood food
Nationally, and across the Northwest, one in six people are
banks and meal centers make it possible to feed more than
either hungry, or at risk for hunger. One in three of these
48,000 people every week. Mindboggling. Yet, the numbers
are children. An estimated 3 million rural households are
aren’t keeping pace with the increasing need for food
food insecure in communities that typically have smaller
assistance.
food banks and less capacity to distribute fresh, perishable
Chasing the hunger train Fighting hunger is a complex issue. But, when the rubber meets the road, everything comes down to capacity – funding, sourcing, storing, transporting, distributing, billions of pounds of donated food. Plus, truckloads of logistics.
Areas hard hit with the drought this year will also need Northwest produce and protein.
CoBank recently donated $1 million to Feeding America. Funds
As a member of Feeding America, food bank networks use a point system (based on the size of their service area
product . The number of people seeking food assistance for
Last year, Second Harvest distributed an unprecedented
the first time is staggering. Many of these folks are educated,
Feeding America is the nation’s leading domestic hunger-
will be designated to
20.5 million pounds of donated food. More than half –
have jobs, own homes, and tend to be older when a spouse
relief charity. The Chicago-based organization helps
11 million pounds – was fresh produce and other perishable
support rural areas
to “bid” on loads of donated
suddenly loses their job. Many say they waited more than
distribute food to a nation-wide network of more than 200
food products. In three years, Second Harvest must increase
of the country where
food. Points are distributed
90 days to seek help putting food on the table.
food bank organizations, including those supported by
capacity by another 50 percent to meet the demanding need.
Northwest FCS -- Second Harvest in Eastern Washington and North Idaho, Food Lifeline in Western Washington, the
associations
“Agricultural growers are a critical part of what we do,” says
Montana Food Bank Network, Idaho Food Bank, Oregon
do business.
Melissa Cloninger, Second Harvest Director of Community
Food Bank, and Food Bank of Alaska, Inc .
Prevalence of food insecurity, average 2009-11
and Corporate Relations. “We could not begin to meet this
once a month, and twice daily the food bank networks can access Feeding America’s online system to source
the food they need. Transportation however, is funded by member food banks who work logistics and budgets
challenge without our grower donors. They are the ones
“Feeding America knows
bringing fresh, nutritious, perishable product to us, so we
our greatest challenge
can get it on the tables of families who are so in need.”
is sourcing food,” says Melissa with Second
Since 2010, Washington
Harvest. “They help us resource food from large growers,
ranchers and the
food processors, wholesalers and retail-grocery partners.
Agri Beef Co. have
Our relationship with Feeding America makes it possible for
contributed $75,000
us to access loads of donated
worth of beef to Second
food from companies like
Harvest, which translates
General Mills, Kellogg and
At Northwest Farm Credit Services we have a responsibility
to more than 10,000
ConAgra Foods. Many
food to feed more than
to care for people in need, especially in rural communities.
family-size portions of
Feeding America partners
37 million Americans
That’s why we strongly support food bank networks across the
beef, or 30,700 pounds of
donate cash, but they also
each year, including
Northwest. Our employees offer their leadership and expertise
product. Wheat growers are also joining forces by donating
donate tons of food, like
to food bank boards of directors. They volunteer to help
a portion of their crop proceeds to the Washington Grain
pledging so many container-
regional and local food banks pack and sort food. We donate
Growers Against Hunger project. Grain industry donations
loads of product a month.”
money to food bank networks in Alaska, Idaho, Oregon,
will help cover the costs of securing and warehousing food
Montana, and Washington. But, nothing is more important to
for a service area that spans more than 51,000 square miles.
Food insecurity below U.S. average
their Farm Credit
and number of clients served)
to source food across the country. Imagine the impact of rising fuel prices . Second Harvest, for example, has staff dedicated solely to transportation and logistics as they push to reduce costs.
Food insecurity near U.S. average Food insecurity above U.S. average
Source: Calculated by ERS based on Current Population Survey Food Security Supplemental data.
fighting hunger than the connection we share to the greatest agricultural producers and processors in the country.
Nationally, Feeding America supplies enough
14 million children and 3 million seniors.
The challenge then becomes logistics. How to get fresh,
“We’re always talking about feeding the world. Maybe
perishable food to specific
we should start thinking about feeding our next door
areas of the country that
neighbors first,” says Bruce Nelson, former board president
need it most. Feeding
Second Harvest, in Spokane, Wash., is one of the food
of Northwest FCS and the Washington Association of Wheat
America’s affiliates in Arizona
Building capacity to serve others
bank organizations supported by Northwest FCS and
Growers. “We all know the economy has turned down and
probably have all the melons
Second Harvest recently completed renovations to
our customers. Second Harvest distributes more than 1.5
there are more and more struggling families to feed. When
they can handle. They’re
their 60-year-old warehouse in Spokane. More than
million pounds of donated food every month to people
we’re giving something to help food banks in our region we
looking for potatoes and
2,000 volunteers sort and box food here every year.
in need throughout Eastern Washington and North Idaho.
can all walk away feeling good.”
apples from the Northwest.
Northwest FCS employees actually hold the record for the
Feeding our neighbors
5 | Nor thwest Farm Credit Ser vices
(left to right) Mark Nonnenmacher, Northwest FCS Executive Vice President, Chuck Olsen, CoBank Lead Relationship Manager, Eida Siegel, Northwest FCS Financial Specialist
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Raising the barn for hunger Imagine a warehouse like this, being built in six months (not eight months), with all volunteer labor. Incredible. Members of 10 different unions in the building and construction
I believe the community is better off for us being part of it.
trades donated
construction photo
community, but
To everyone who worked on this project, well done.”
100 percent of their labor
On September 29, 2012, the Second Harvest Distribution
to erect and
Center in Pasco proudly opened for business. Albeit, there
complete the
was still a little dust in the air and some fine tuning to
project. Their
do. But, the Columbia Basin community came together
fellow engineers,
and celebrated that day. Skone and Connors Produce, a
contractors,
Northwest FCS customer, delivered the first truckload of fresh
suppliers
food – 40,000 pounds of potatoes and onions. Northwest
most food sorted in a two-hour period, beating the closest
financing with a shorter-term loan
and vendors
competition from Fairchild Air Force Base. Earlier this
commitment to build the facility
dramatically
year, Second Harvest asked the community for support to
and then, long-term amortization
discounted time
meet the driving need for food assistance in the Columbia
after fundraising is completed,”
and materials to
Basin. We are proud to serve alongside our Northwest FCS
explains Herb Sanders, Northwest
finish construction in September, just in time for harvest!
customers, Second Harvest donors, and members of the
FCS Relationship Manager/VP
These in-kind donations represent nearly half of the $2.9
building trades to support a 14,000-square-foot facility in
in Spokane. “They wanted to
million needed for the first phase of the project.
the Port of Pasco, Wash.
use as much of their on going
“The Second
Herb Sanders, Northwest FCS Relationship Manager/Vice President
FCS employees from Yakima, Sunnyside, Prosser, Pasco, Moses Lake and Spokane, along with their teammates from Dave Davis, President, Central Washington Buildings Trade Council, Jason Clark, President/CEO Second Harvest (right)
fundraising income and cash
“In the 35 years that I’ve been involved in organized
proceeds for food distribution. Not
labor, I have never seen or heard of a project being done
Harvest
for debt amortization. Fundraising for a project like this is
to this magnitude,” said Dave Davis, President of Central
distribution
a process. You don’t know exactly how many funds you’re
Washington Buildings Trade Council. “Very seldom do
center in Pasco
going to bring in during the campaign, so you need to
industries and organizations get the opportunity to
demonstrates
build flexibility into the financing. Because Second Harvest
accomplish something like this. When we look back, it will
how this
is so well managed, we were able to help finance the
be a defining moment in our lives, to help men, women
community
distribution center, waive most of the loan fees and offer a
and children for generations to come. It’s a tremendous
responds to a
very good interest rate.”
feeling. As an organization, for us, sometimes I think we’re
CoBank, were there to celebrate too. There were boxes to pack and hungry mouths to feed. In less than 30 minutes our team repacked 40,000 pounds of produce to distribute to neighborhood food banks. We think that’s a new record.
a little misunderstood. But as organized labor and building
need,” says Phil
trades, I think this shows that we are not only part of the
DiPofi, President/CEO of Northwest FCS and Second Harvest
The new Pasco distribution center provides 1,000 square
board member. “With the new facility and equipment,
feet of cooler space and another 2,000 square feet of
Second Harvest will be able to increase food distribution
freezer space in the heart of Columbia-Basin farmland. The
“Northwest Farm Credit Services and CoBank are the kind
in the Columbia Basin from 5 million to 9 million pounds
warehouse was designed to handle fresh and perishable
of partners and donors that non-profit organizations dream
a year. Northwest FCS is privileged to be a part of this
food with an area for growers to offload semi-trucks. The
of,” says Jason Clark, President/CEO at Second Harvest.
essential project and we’re encouraging our customers in
2,200 square foot Volunteer Center is generously sponsored
“They donate financially, support us with volunteers, and
the region to participate with us.”
by Northwest FCS and CoBank. Our Spokane employees
they have been phenomenal advocates. They’ve given us
still remember packing food in the old, cold, dark, Spokane
their voices to build partnerships with the Columbia Basin
To fund the project out of the gates, Second Harvest used
warehouse. Now, Second Harvest volunteers in Pasco (and
growers they serve. Northwest Farm Credit Services is the
Northwest FCS’ Agricultural and Rural Community Securities
Spokane) are treated to a comfortable, coffee-bistro style
kind of organization that truly shows their compassion by
(ARC) Financing Program. “Second Harvest needed
break room and warm reception area.
being an all-in partner for the fight against hunger.”
7 | Nor thwest Farm Credit Ser vices
Bill Shibley, Northwest FCS Regional Vice President
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Rural Community Grants
“Creating a local farmers market in the Stanwood
At Northwest FCS we are proud to be a part of the longstanding history of agriculture, forestry and fisheries in the Northwest. We have been blessed with success by the customers we serve and the talented employees who work here every day. That’s why we have a profound corporate responsibility to care for the rural communities our customers and employees call home.
Camano Island community is exciting for our farm businesses,” says
Northwest FCS Rural Community Grants are given to support creative, collaborative projects that address emerging challenges and opportunities for rural communities. This year Northwest FCS, with support from CoBank, proudly supported more than 70 rural community grants with contributions totaling more than $142,000.
Tristan Klesick, Northwest FCS Local Advisor and
Rural Community Grant projects come in all shapes and sizes. Some improve community infrastructure, like buildings and facilities. Others support rural safety and health. The projects may be wildly diverse, yet they all share one thing in common – community driven support.
Tristan Klesick, Northwest FCS Local Advisor, Audrey Gravley, Northwest FCS Regional Vice President
board member
“Movies In The Park”
of the new Port
Pendleton, Oregon
Susan Food & Farming Center. “We have an active network
Pendleton’s “Movies in the Park” program brings the nostalgia
of local growers here who are engaged in direct marketing.
of drive-in movies to a beautiful park setting. Here, families
“We respond to a lot of car accidents with our first response
They have been actively promoting agriculture and building
simply enjoy an evening together with friends and neighbors.
team,” explains Chief Mike. The extrication equipment we use –
networks for years. The farmers market gives us another
Movie night is free for everyone. Theme nights and fun,
jaws-of-life, spreaders, cutters – are all newer, pneumatic tools
option to market our farm goods and helps us capture more
youth activities – like the pineapple walk on Luau night
that run on a motor. But, you just can’t get them into certain
of the retail dollar.”
– are coordinated by the Pendleton Parks and Recreation
places, like down a ravine or in a deep hole. The Hi-Lift First
Department. Local businesses sponsor a night to help cover
Responder Jacks are an amazing new tool. If you know how
“We were so excited to receive the Northwest Farm Credit
costs. “Movies In The Park” has become so popular that
to use them, you can tear a car apart or lift and push heavy
grant when we did,” says Leslie Collings, Port Susan Farmers
audiences range from 300 to 500 a night. Just imagine the
objects. Farmers have used these jacks for years but with a
Market Manager. “It’s always the simple details that make a
impact of losing a major corporate sponsor for a free family
new design, they’re now a wrecking tool. We will definitely be
big event work. With the grant we purchased recycle bins,
event like this. That’s when the City of Pendleton turned to
putting them to good use over the years.”
garbage cans, tents, signage, tables and chairs. We also
Northwest FCS for help.
bought a storage unit to pack everything in overnight. These are things people normally wouldn’t think of, or provide
“The economy has
funding for, but they make a huge difference.”
forced many private
Scott Searle, Northwest FCS Local Advisor, Randy Adams and Chief Mike Carter, Shelley Firth Fire Department, Steve Smith, Northwest FCS Relationship Manager/Assistant Vice President
businesses and
Shelley Firth Rural Fire Department
Port Susan Farmers Market proudly opened for business in
local governments
August with 20 local farm vendors. Wide-spread, enthusiastic
to cut budgets for
Shelley, Idaho
support – from USDA, the City of Stanwood, numerous
programs that have
It takes a special person who willingly responds to a life
community organizations, local farms and businesses – made
good benefit for
threatening event. Yet, in rural volunteer fire departments
the project happen. During this first season the market drew
rural communities,”
across the country highly-skilled, competent people are doing
more than 6,000 attendees who came to shop, visit and learn
says Rick Guenther,
just that – responding to the first calls for help from their
more about where their food comes from. With the positive
Northwest FCS
neighbors and friends.
response, organizers are exploring an indoor holiday market
Pendleton Branch Manager-Credit. “I’ve been a long time
this winter to offer shelf-stable, locally made products.
member of the City’s Parks and Recreation Commission, which
The Shelley Firth Rural Fire District cares for 100 sq. miles and about 8,500 people near Idaho Falls. Chief Mike Carter uses
Port Susan Farmers Market
is an advisory board to the City Council. With this grant, the parks department was able to purchase the outdoor movie
Stanwood, Washington
equipment needed to continue this very popular program.
replacement gear. A firefighter’s “turn out” gear alone costs
Port Susan Bay, about 50 miles north of Seattle, is known for
And now the multi-purpose equipment is being used for
about $2,000 and the district has 24 volunteers. Technology
its rich soils and maritime climate. Large family farms have
other community-related events.”
for saving lives and property continues to improve, too. Like
thrived here for generations. And today, the number of small
the new First Responder rescue jacks recently purchased with
farms is increasing to meet consumer demand for fresh,
“Movies In The Park” brings families and neighbors together.
a Northwest FCS grant.
locally-grown products.
Here they also discover other low-cost opportunities to
grant dollars to stretch his budget for new equipment and
9 | Nor thwest Farm Credit Ser vices
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have fun and recreate. “In these tough times, affordable
8th grade
entertainment for families is even more important,” explains
students have
Deb Whittaker, Special Projects Coordinator at Pendleton
been collecting
Parks and Rec. “That’s why we offer scholarship activities
recyclable
that are income based. Our discounts can be between 50 and 90 percent and we subsidize the rest. Finding outside funding is so important these days and it’s very competitive. We have been very fortunate to have great partnerships, like
Family Business Succession Planning Seminar
products for two
January 24-26, 2013 – Boise, Idaho
years. They also receive private
Northwest Farm Credit Services. As we do good work, people
donations.
really do recognize and want to jump on board to help.”
Ranchers in the Fundrasising for the new sports field
area are offering
the dirt, but de-rocking and hauling some 2.5 miles just isn’t cheap. Plus, a lot of the evacuation equipment is being used
While many producers recognize the importance of ownership and management transition, few know where to start in developing comprehensive plans. The Family Business Succession Planning Seminar, led by family business experts Dr. Don Jonovic and Rich Thornton, is designed to provide families with information and proven processes to help transition the ownership and management of their businesses to the next generation.
to fight fires.
Subjects Covered and Key Takeaways: “We have people out spreading the word about our project and it’s picking up momentum,” says Superintendent Kelly Haaland. “The football and sports field is one of our school board objectives. We were able to get water to the field with help from the city. Mid-Rivers Telephone Cooperative has loaned us their grant writer to help raise funds. The money from Northwest Farm Credit Services helps keep the ball rolling. With this support, we’re going to approach the oil and coal industries in our area for additional funding. After The mighty Melstone Cougars
so many years, it will be nice to finally host a home game.”
Melstone Football & Sports Field
football game someday. With 84 students K-12, they can probably field their own six-man teams. But today, all juniorand high-school games (and most practices) are played
School needs a safe, well-drained field to play and practice. But, they also need about 5,000 yards of top soil plus all
Rural Community Grant Deadlines: February 1st and October 1st For more information, visit farm-credit.com or contact Jennifer Rohrer at 1-800-743-2124 ext. 5303. Email: Jennifer.Rohrer@farm-credit.com
the excavation work to move and level dirt. The students of Melstone deserve our support. Families in this ranching
Submit applications to:
community have been hard hit the past two years – from
Northwest Farm Credit Services Attn: Jennifer Rohrer PO Box 2515 Spokane, Washington 99220-2515
the “1,000 year flood” to drought-fueled wild fires. When there’s a need, hard-working neighbors band together. That’s one of the great things about living in a small community. To raise money for the field, 7th and
11 | Nor thwest Farm Credit Ser vices
• Networking – Cultivate relationships with other families addressing similar issues
All key family members impacted by management succession and asset transition should attend the entire session.
at their cooperating school in Custer, Mont. more than 40 miles one way – on dirt and gravel road. The Melstone
Business and Family – Learn to recognize and balance individual, family and business needs. Financial Implications – Understand the financial requirements and potential pitfalls surrounding succession Business Assessment – Identify your family business strengths, challenges and philosophies Communication – Review best practices in family communications Flexible Solutions – Identify succession alternatives for varying family and business needs Practical Approach – Explore proven, real-world steps in management succession and asset transition Legal Issues – Learn the legal considerations and best practices for succession and estate plans Buy/Sell Agreements – Identify options for funding and structuring buy/sell agreements Road Map for Success – Develop practical next steps in building business succession plans Expert Perspective – Meet and learn from Northwest FCS’ staff and experts in succession planning
Who Should Attend
Melstone, Montana Students in Melstone, Montana dream of playing a home
• • • • • • • • • •
What Participants Say “We now have a great start going into our transition. This was the push we needed to communicate, ask the right questions and make decisions.” “This seminar has opened up dialogues and stimulated a lot of positive family communication. We can now all go forward with cooperation – not conflict or hesitation.”
Time: 2 p.m. Thursday (1/24/13) to 11 a.m. Saturday (1/26/13) Participants: 50+ Seminar Fees: Individual participants $450 – Additional participants $350. Attire: Business casual All meals provided except dinner on Friday Participants are responsible for lodging and travel expenses to Boise.
Fax: 800.255.1789
For registration and details visit: www.farm-credit.com/resources. Questions? Email: bmc@farm-credit.com or call 866.552.9193
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Awarding College Scholarships
Business Management Center
Application Deadline March 1st
2012-2013 BMC Calendar Financial Workshops Level I
Level II
Financial Statements
Financial Analysis
Location
Engaging Seminars and Workshops
November 28, 2012
November 29, 2012
Twin Falls, Idaho
December 12, 2012
December 13, 2012
Klamath Falls, Oregon
January 8, 2013
January 9, 2013
Benton City, Washington
Sons or daughters of current customers, or customers’ employees,
Seeking, interpreting and sharing knowledge about
Level III
Level IV
are eligible to receive a college scholarship from Northwest
the industries we serve is a core value of Northwest
FCS. Last year, Northwest FCS provided more than $80,000 in
FCS. We’re firmly committed to helping business
Growth and Capital
Profits, Cash and Risk
Location
scholarship support. Scholarships are awarded to students
owners and their families to be successful long term.
November 28, 2012
November 29, 2012
Salem, Oregon
throughout Idaho, Montana, Oregon, Washington, and Alaska.
That’s why we’ve invested in educational programs
December 5, 2012
December 6, 2012
Twin Falls, Idaho
High school students who plan to attend a higher education
and business facilitation to help you improve your
December 12, 2012
December 13, 2012
Benton City, Washington
institution within the next year are eligible for a $1,500 scholarship.
management skills and help transfer the leadership
January 8, 2013
January 9, 2013
Bozeman, Montana
In addition, $1,500 scholarships per state are awarded to college
and management of your business to the next
sophomores, juniors and seniors.
generation.
Featured Programming
Scholarship winners will be selected based on scholastic
We have a strong history working with family
Advanced Management Seminar:
performance, leadership activities and a written essay.
businesses in our Business Management Center.
Taking your Business to the Next Level
Knowledgeable and experienced facilitators have
January 22-23, 2013
Interested students need to submit an application by March 1.
worked with hundreds of family operations and
Applications can be found at farm-credit.com or at any
boards of directors, helping them to improve
Family Business Succession Seminar
Northwest FCS location. Winners are announced in May.
their management practices, communication and
January 24-26, 2013
Location
Spokane, Washington
Boise, Idaho
strategic planning skills. Over the years customers High school students: submit your application to your local
have provided tremendous feedback. They say these
Young and Beginning Producers Conference
Northwest FCS office.
educational programs and one-on-one facilitation
February 12-14, 2013
Spokane, Washington
have made significant and lasting differences in their College students: mail your application to:
businesses.
Northwest Farm Credit Services – Marketing Department, P.O. Box 2515, Spokane, WA 99220-2515.
We hope you will take advantage of the BMC
Executive Producers Summit: Managing Growth and Business Evolution February 13-15, 2013
Spokane, Washington
programs offered in 2012-2013. The schedule changes Recent Scholarship Winners
every year and we do our best to provide programs in a variety of locations. During these sessions you will gain insights to better manage your business. Plus, you’ll have the opportunity to work with some of the most successful producers we have the privilege of working with every day.
Financial Summit May 7-9, 2013
Coeur d’Alene, Idaho
For registration and details visit: www.farm-credit.com/resources Questions? Email: bmc@farm-credit.com or call 866.552.9193 Note: BMC financial workshops build on preceding workshops. However, there are no workshop prerequisites.
Deena Emry Wilder, Idaho
Beau Milton Joliet, Mont.
13 | Nor thwest Farm Credit Ser vices
Amelia Fitch Astoria, Ore.
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Learn, Earn, and Return
Get The Market Scoop!
Dr. David Kohl Professor Emeritus, Virginia Tech
Gain knowledge from agricultural professionals who have worked with hundreds of operators just like you. Benefit from the collective knowledge of experts in your specific industry. And, now you can easily access this information via a new electronic newsletter, courtesy of Northwest FCS. Northwest FCS’ Knowledge Center provides a quarterly e-newsletter with the latest updates of industry specific information, gathered and interpreted by our front-line Knowledge Team staff.
“Learn, Earn and Return” was a wise maxim that really
Over the years, one producer has sponsored five young
caught my attention in graduate school. Since then,
FFA students to attend one of my seminars annually.
working in the field of agriculture has given me numerous
They earn the trip through his grilling them about
opportunities to observe many great individual and
the day’s events on the drive home. In return for his
organizational stewards across the country.
sponsorship, the students each compose a one-page summary of what they learned. Years later, these young
Sign up for our e-newsletter to receive special articles on agricultural issues, the general economy and quarterly industry updates with the latest Market Snapshots- information on key commodities including: cattle, dairy, forest products, hay, nursery/greenhouse, row crops, small grains, ethanol, tree fruit, wine/vineyard, corn, soybeans, and processor/manufacturer. Plus, registering gets you access to Northwest FCS Resources on farm-credit.com where you can learn about our Business Management Center workshops and seminars and read up on Industry Perspectives, economic indicators and articles from leading agricultural sources across the country.
people are very successful producers, lenders, teachers,
career is working with Northwest Farm Credit Services and
and agribusiness people.
other associations to deliver young farmer and rancher programs. The reward is observing management, loan
Many producers, as my folks did, have hosted young
officers, and staff feeding off of the energy of young,
people from urban areas and international youth to
diverse producers who will carry the torch for the next
experience agriculture and rural areas. This is a genuine
generation of agriculture.
opportunity to learn about other cultures and regions and their stories, and to earn these young people’s trust. When
Learn, Earn and Return also comes to mind when I think
they return home, the bond will be a lasting one. There
about successful, experienced farmers and ranchers.
is an old saying that “people do not care how much you
Without fanfare, these individuals over the years have
know until you show them how much you care.”
acted as volunteer mentors to young farmers and ranchers. They guide them in production, operation,
Each of us has to make it a personal mission to be effective
financial, and risk management decisions, which has
stewards of our resources. To step outside of our own little
To receive the Knowledge Center e-newsletter and access Northwest FCS Resources, visit
positioned these young people to be more competitive
“bubble” to look for ways to “return” what we have been
and enabled them to feed the people of the world. These
given. Learn, Earn and Return stewardship is analogous to
farm-credit.com/resources
mentors are an invisible hand for those truly seeking to
throwing a stone in a pond. The initial splash sends out
better themselves.
ripples that seemingly go on forever.
or call 800.743.2125 ext. 5428
15 | Nor thwest Farm Credit Ser vices
One of the most rewarding aspects of my professional
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Member Stock Program Changes The Northwest FCS Board has approved a change to the member stock program where you will no longer be required to pay interest on the stock or participation certificates you purchased in the cooperative. On November 19, your stock obligation was removed from the principal balance of your loan and an interest-free obligation to Northwest FCS of like amount was created. Your rights and obligations as a stockholder do not change. Since our association is well capitalized, Northwest FCS does not envision requiring payment of this obligation, provided an adequate capital position is maintained. Please contact your Northwest FCS representative should you have questions.
New Website and Online Banking Upgrade @ northwestfcs.com Northwest FCS is launching a new website in December with a fresh, modern look and a new name, northwestfcs.com. This new url website address was chosen to better align with the Association’s brand image and messaging. The Northwest FCS online banking system is also getting a new look with a brighter, more intuitive customer experience while maintaining the same functionality. Once the transition to the new website and new web address is complete, the old web address, farm-credit.com, will begin linking to the new site. Both site addresses will direct users to the new site. We’ll keep farm-credit.com active for the next couple of years. Look for our new website and online banking upgrades coming this December.
local
advisors and locations
IDAHO Robert Ball Cody Bingham Jeff Blanksma, Jr. Adrian Boer Ray Carlson Bill Clayton Cade Crapo Ron Elkin Carl Ellsworth David Funk LeRoy Funk Brent Griffin John Hepton Jackie Hillman Brian Huettig Ken Koompin Karen Lustig Marty Lux Dan Mader Ray Matsuura Kyle Meyer Ron Mio Greg Moss Kirk Nickerson Jeff Pahl Lisa Patterson Erick Peterson David Rallison D. Brad Reed Nate Riggers Doug Ruff Royce Schwenkfelder Kirt Schwieder Scott Searle Todd Simmons Robert Swainston Ryan Telford Bernie Teunissen Dale Thomas Camellia Thurgood Justin Tindall Steven Toone James Udy Todd Webb Shawn Webster Berkley Wray Randy Wheatley
MONTANA Hamer Jerome Hammett Jerome Blackfoot Wilder St. Anthony Buhl Leadore Hansen Burley Rupert Nampa Dubois Hazelton American Falls Cottonwood Nezperce Genesee Blackfoot Rathdrum Fruitland Ketchum Howe Pocatello Heyburn Moscow Franklin Idaho Falls Nez Perce Aberdeen Cambridge Idaho Falls Shelley Terreton Preston Richfield Caldwell Gooding Nampa Bruneau Grace American Falls Declo Rexburg Blackfoot McCammon
73 Fort Hall Avenue, Suite A American Falls, Idaho 83211 (208) 226-1340 370 North Meridian Street, Suite A Blackfoot, Idaho 83221 (208) 782-3800 1408 Pomerelle Avenue, Suite B Burley, Idaho 83318 (208) 678-6650 501 King Street Cottonwood, Idaho 83522 (208) 962-2280 2225 West Broadway, Suite A Idaho Falls, Idaho 83402 (208) 552-2300 2631 Nez Perce Drive, Suite 201 Lewiston, Idaho 83501 (208) 799-4800 16034 Equine Drive Nampa, Idaho 83687 (208) 468-1600 102 North State, Suite 2 Preston, Idaho 83263 (208) 852-2145 1036 Erikson Drive Rexburg, Idaho 83440 (208) 656-2100 815 North College Road Twin Falls, Idaho 83301 (208) 732-1000
Bill Bergin Adam Billmayer Bart Bitz Keven Bradley Sandy Carey Tom Cheetham Don Connelly Bret Conover Calvin Danreuther Cory Davis Nels DeBruycker Vicki Eggebrecht Conni French Joe Fretheim Beth Granger Chad Hansen Craig Henke Courtney Herzog Dale Hirsch Craig Iverson Tim Johnson Alan Klempel Paul Kronebusch Tim Lake Bill Lauckner, Jr. Kirk Montgomery Bryan Mussard Corie Mydland Traci Mytty Tracey Pearce Shawn Rettig Randy Ridgeway Dave Sattoriva Nancy Schlepp Dennis Schmierer Leonard Schock Amy Sinks Kim Skinner Carmie Steffes Steve Swank Duane Talcott Dale Tarum Bob Taylor Miles Torske Carl Traeholt Brian Tutvedt Larry Tveit, Jr. Bruce Udelhoven Jeff Volf Mike Wallewein Steve Wood
P.O. Box 2515, 1700 S. Assembly St. Spokane, Washington 99220-2515 509.340.5300 | farm-credit.com
OREGON Melstone Hogeland Big Sandy Cut Bank Boulder Redstone Valier Broadview Loma Townsend Choteau Malta Malta Shelby Great Falls Dillon Chester Rapelje Kinsey Winnett Dutton Bloomfield Conrad Polson Nashua Rosebud Dillon Joliet Florence Sheridan Rudyard Stanford Hingham Ringling Savage Vida Jordan Hall Plevna Chinook Hammond Richland Denton Hardin Wolf Point Kalispell Fairview Winifred Judith Gap Conrad Sheridan
Tech Plaza, Building 1, Suite 300 3490 Gabel Road Billings, Montana 59108 (406) 651-1670 1001 West Oak Farm Credit Building, Suite 200 Bozeman, Montana 59772 (406) 556-7300 519 South Main Conrad, Montana 59425 (406) 278-4600 134 East Reeder Street Dillon, Montana 59725 (406) 683-1200 501 First Avenue South Glasgow, Montana 59230 (406) 228-3900 700 River Drive South Great Falls, Montana 59405 (406) 268-2200 1705 Highway 2 Northwest, Suite A Havre, Montana 59501 (406) 265-7878 120 Wunderlin Street, Suite 6 Lewistown, Montana 59457 (406) 538-7737
Headquarters
Monet Allen Dwight Arnoldus Ed Bair Lori Baley Tim Bare Glenn Barrett John Boyer Greg Brink Ron Brown Warren Chamberlain Dan Dawson Mike DeWall Susan Doverspike Rod Fessler Joe Finegan Skip Gray Dennis Harmon Ron Hjort Gary Hull Matt Insko Ken Jensen Alan Keudell Mark Krautmann David Kunkel Leland Lage Dan C. Lewis Sharon Livingston Bill Martin Scott McClaran Ron Meyer Greg Myers David Neal Mary Olson Larry Parker Alan Parks Amy Doerfler Phelan Vikki Price John Reerslev Stephen Roth Steven Sugg Anna Sullivan Steve Walker Charlie Waterman
WASHINGTON Montague, CA Cove Klamath Falls Malin Roseburg Bonanza Haines Joseph Milton-Freewater Vale Roseburg Harrisburg Burns Madras Cornelius Albany Grants Pass Oakland Lebanon LaGrande Vale Aumsville Salem Portland Hood River Gaston Mt. Vernon Rufus Joseph Talent Tillamook Tangent Monmouth Helix Silver Lake Aumsville Nyssa Junction City Brothers The Dalles Hereford Stanfield Bandon
3370 10th Street, Suite B Baker City, Oregon 97814 (541) 524-2920 2345 N.W. Amberbrook Drive, Suite 100 Beaverton, Oregon 97006 (503) 844-7920 650 E. Pine, Suite 106A Central Point, Oregon 97502 (541) 665-6100 2911 Tennyson Avenue, Suite 301 Eugene, Oregon 97408 (541) 685-6140 300 Klamath Avenue, Suite 200 Klamath Falls, Oregon 97601 (541) 850-7500 378 West Idaho Avenue Ontario, Oregon 97914 (541) 823-2660 12 Southwest Nye Pendleton, Oregon 97801 (541) 278-3300 3113 S. Highway 97, Suite 100 Redmond, Oregon 97756 (541) 504-3500 2222 Northwest Kline Street Roseburg, Oregon 97471 (541) 464-6700 650 Hawthorne Ave. S.E., Suite 210 Salem, Oregon 97301 (503) 373-3000 3591 Klindt Drive, Suite 110 The Dalles, Oregon 97058 (541) 298-3400
Dave Allan Melissa Bedlington-Kleindel Jeff Bosma Russ Byerley Roger Canfield Mike Cobb Bill denHoed Richard DeRuwe Frank DeVries Scott Eschbach Patrick Escure Kevin Filbrun Stacy Gilmore Norm Gutzwiler Lori Hayles Gary Kehl Jim Kile Cris Kincaid Jim Klaustermeyer Dave Klaveano Tristan Klesick Chris Kontos Steve Krupke Josh Lawrence Poppie Mantone Sarah McClure Dan McKay Alan Mesman John Miller Pat Murphy Chuck Podlich Jeff Raap Sara Rolfs Jeff Schilter Danielle Scrupps Ben Smith Jerry Smith Mark Tudor Jake Wardenaar Andy Werkhoven Brandy Wigen
Wapato Lynden Outlook Touchet Olympia Ephrata Grandview Dayton Lynden Yakima Quincy Pasco Pasco Malaga Pasco Quincy St. John Pullman Othello Pomeroy Stanwood Walla Walla Reardan Royal City Bingen Walla Walla Almira Mt. Vernon Toledo Chehalis Orondo Ellensburg Wenatchee Olympia Ritzville Sequim Benton City Grandview Royal City Monroe Colfax
265 East George Hopper Road Burlington, Washington 98233 (360) 707-2353 629 South Market Boulevard Chehalis, Washington 98532 (360) 767-1100 224 North Main Colfax, Washington 99111 (509) 397-2840 1501 East Yonezawa Boulevard Moses Lake, Washington 98837 (509) 764-2700 9530 Bedford Street Pasco, Washington 99301 (509) 542-3720 1900 W. Nickerson Street, Suite 215 Seattle, Washington 98119 (206) 691-2000 1515 S. Technology Blvd., Suite B Spokane, Washington 99224 (509) 340-5600 2735 Allen Road Sunnyside, Washington 98944 (509) 836-3080 1 West Pine Walla Walla, Washington 99362 (509) 525-2400 667 Grant Road, Suite 1 East Wenatchee, Washington 98802 (509) 665-2160 1360 North 16th Avenue Yakima, Washington 98902 (509) 225-3200
502 South Haynes Miles City, Montana 59301 (406) 233-3100 3021 Palmer Street, Suite B Missoula, Montana 59808 (406) 532-4900 123 North Central Avenue Sidney, Montana 59270 (406) 433-3920
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P.O. Box 2515 Spokane, Washington 99220-2515 New address? Please notify your local Northwest FCS office.
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