Spring - AgSouth Farm Credit

Transcription

AgSouth
ON THE COVER
Photo of Eastern Wild Turkey courtesy of The
National Wild Turkey Federation
Leader
AgSouth’s Leader is published quarterly for stockholders
and friends of AgSouth.
PRESIDENT
William P Spigener, Jr.
BOARD OF DIRECTORS
Harry S. Bell, Chairman of the Board
Noel L. Riggins, Vice Chairman
Gary L. Alexander
Jack J. Arnold
Earle J. Bedenbaugh
Kenneth Bennett
Arthur Q. Black
Dr. W. Baynard Boykin
Charles Ray Brown
Dolan E. Brown
Albert F. Busby
T.W. Buzhardt
Jimmy C. Carter, Jr.
Thomas H. Coward
Loy D. Cowart
Herbert A. Daniel, Sr.
Jacob L. Davis, III
Lee H. DeLoach
W. Lewis Duvall
Diane H. Edwins
George A. Hillsman
Eugene T. Jones
Jeffrey M. Knowles
A. Harvey Lemmon
Eugene W. Merritt, Jr.
Jimmy B. Metts
Samuel A. Milford
Ricky C. North
H.L. Page
Jerome G. Parker
L.L. Post
Edward M. Rast
Charles C. Rucks
Jerry A. Smoak
C. Earl Thrailkill, Jr.
Raymond L. Tumbleston
Hugh E. Weathers
John R. Wells
W. Gordon Wells
David H. Womack
Robert A. Youmans
EDITOR
Rhonda Uzzolino
Address changes, questions, comments or requests for copies of financial
reports should be directed to AgSouth Farm Credit by writing Pat Bowen
at PO Box 718, Statesboro GA 30459-0718 or calling 800-633-9091. If you
prefer, you may send your request via email to [email protected].
AgSouth Farm Credit does not endorse or accept responsibility for the
advertisements contained in this publication and is not responsible for any
misrepresentations contained therein, including misprints. Opinions and
statements contained in advertising are those of the advertisers.
To advertise in AgSouth’s Leader, email Rhonda Uzzolino at
[email protected] or call 803-767-1559. AgSouth reserves the right to
refuse publication of any advertising deemed inappropriate in the opinion of
management.
WE APPRECIATE YOUR COMMENTS!
We hope you enjoy the new AgSouth Leader. Please thank our advertisers
and let them know you saw their ad in our magazine. Advertising helps defray
the cost of printing and mailing your cooperative’s magazine. If you have
any comments or suggestions about AgSouth’s Leader articles, columns or
advertisements, please contact Rhonda Uzzolino at [email protected]
or 803-767-1559. Please support your Leader advertisers!
Important Crop
Insurance Dates!
04-30-04
05-15-04
05-20-04 &
05-25-04
05-25-04
05-31-04
05-31-04
05-31-04
06-10-04
06-15-04 &
06-30-04
06-30-04
06-30-04
07-10-04
07-15-04
Final Planting Date - Corn/Tobacco (Ga & SC)
Final Planting Date - Tobacco (SC Only)
Final Planting Dates - Cotton (SC only)
Final Planting Date - Peanuts (SC only)
Final Planting Date - Peanuts (GA only)
Sales Closing Date - Nursery (GA & SC)
Final Planting Date - Cotton (GA & SC)
Final Planting Date - Grain Sorghumn (GA & SC)
Final Planting Date - Soybeans (SC only)
Final Planting Date - Soybeans (GA & SC)
Acreage Reporting Date - Corn/Cotton/Grain
Sorghum/Peanuts (GA & SC)
Initial Planting Date - Tomatoes (SC only)
Acreage Reporting Date - Soybeans (GA & SC)
If you need crop insurance or have questions about AgSouth’s crop or
timber insurance products, contact Jimmy Dockery at 800-334-1224 or
[email protected].
This notice is for informational purposes only. Policy provisions will
prevail.
PRINTED WITH
SOY INK
Spring 2004, AgSouth Leader | 3
Contact your
Representatives!
South Carolina
Representatives
1st District
Henry Brown (R)
Washington
202-225-3407
N Charleston
843-747-4175
Conway
843-248-2660
2nd District
Joe Wilson (R)
Washington
Beaufort
Estill
Columbia
Orangeburg
202-225-2455
843-521-2530
803-625-3177
803-254-5120
803-536-5754
3rd District
Lindsey Graham (R)
Washington
202-225-5301
Anderson
864-224-7401
Greenwood
864-223-8251
Aiken
803-648-5571
4th District
Jim DeMint (R)
Washington
Greenville
Spartanburg
Union
5th District
John Spratt (D)
Washington
Rock Hill
Darlington
6th District
Jim Clyburn (D)
Washington
Columbia
Florence
Charleston
202-225-6030
864-232-1141
864-582-6422
864-427-2205
202-225-5501
803-327-1114
843-393-3998
202-225-3315
803-799-1100
843-662-1212
843-965-5578
4 | Spring 2004, AgSouth Leader
Georgia
Representatives
1st District
Jack Kingston (R)
Washington
Savannah
Brunswick
Statesboro
202-225-5831
912-352-0101
912-265-9010
912-489-8797
2nd District
Sanford Bishop, Jr. (D)
Washington
202-225-3631
Albany
912-439-8067
Dawson
912-995-3991
Valdosta
912-247-9705
3rd District
Jim Marshall (D)
Washington
Macon
202-225-6531
478-742-1100
4th District
Denise Majette (D)
Washington
202-225-1605
Decatur
404-633-0927
5th District
John Lewis (D)
Washington
Atlanta
202-225-3801
404-659-0116
6th District
Johnny Isakson (R)
Washington
202-225-4501
Marietta
770-565-6398
7th District
John Linder (R)
Washington
Duluth
Athens
202-225-4272
770-931-9550
706-355-9909
8th District
Michael “Mac” Collins (R)
Washington
202-225-5901
Jonesboro
770-603-3395
Columbus
706-327-7228
9th District
Charles “Charlie” Norwood (R)
Washington
202-225-4101
Augusta
706-733-7066
Milledgeville
912-453-0373
Dublin
912-275-2814
10th District
Nathan Deal (R)
Washington
Gainesville
LaFayette
Dalton
202-225-5211
770-535-2592
706-638-7042
706-226-5320
11th District
Phil Gingrey (R)
Washington
Marietta
202-225-2931
770-792-9799
12th District
Max Burns (R)
Washington
Sylvania
Hephzibah
202-225-2823
912-564-1295
706-790-1830
13th District
David Scott (D)
Washington
Atlanta
202-225-2939
404-523-9994
President’s Message
By: Bill Spigener, CEO
As we begin 2004, there is reason for much
optimism. Most of our customers realized
a very profitable year in 2003. Commodity
prices continue to reflect an upward trend over
the previous years, giving our customers the
opportunity for improved income. Your new
association is off to an excellent start.
The “new” AgSouth is now four months
old. The first quarter has brought about much
change for employees, but hopefully, only
improvement for our customers. Earnings for the
CATOOSA
WHITFIELD
GORDON
COBB
business plan goals.
More importantly, we have delivered
patronage checks to our customers for 2003.
We have also delivered surplus checks to our
MADISON
OCONEE
FAYETTE
HENRY
COWETA
HEARD
JONES
MONROE
FLORENCE
WASHINGTON
CALHOUN
BIBB
GEORGETOWN
BARNWELL
BURKE
BAMBERG
MARION
CHATAHOOCHEE
SCHLEY
WILCOX
TERRELL
LEE
TURNER
RANDOLPH
CLAY
DOUGHERTY
CALHOUN
EARLY
IRWIN
WORTH
SEMINOLE
customers for 1997; half of the 1998 surplus to
THOMAS
BROOKS
EFFINGHAM
BRYAN CHATHAM
LONG
BACON
WAYNE
PIERCE
WARE
COOK
CHARLESTON
BEAUFORT
APPLING
ATKINSON
COLQUITT
LIBERTY
MCINTOSH
GLYNN
BRANTLEY
LANIER
GRADY
DECATUR
COFFEE
COLLETON
EVANS
TOOMBS
TIFT
BERRIEN
MITCHELL
BULLOCH
TATTNALL
JEFF
DAVIS
BEN HILL
BAKER
MILLER
WHEELER
TELFAIR
CRISP
QUITMAN
CANDLER
MONTGOMERY
DODGE
SUMTER
WEBSTER
TREUTLEN
BERKELEY
JASPER
LAURENS
PULASKI
DOOLY
STEWART
HAMPTON
EMANUEL
HOUSTON BLECKLEY
MACON
SCREVEN
JOHNSON
TWIGGS
DORCHESTER
ALLENDALE
JENKINS
WILKINSON
CRAWFORD
TAYLOR
PEACH
WILLIAMSBURG
ORANGEBURG
RICHMOND
JEFFERSON
CLARENDON
AIKEN
UPSON
TALBOT
HORRY
SUMTER
LEXINGTON
GLASCOCK
BALDWIN
MARION
EDGEFIELD
MCDUFFIECOLUMBIA
WARREN
HANCOCK
LAMAR
MERIWETHER PIKE
TALIAFERRO
PUTNAM
JASPER
BUTTS
SPALDING
TROUP
GREENE
DILLON
DARLINGTON
RICHLAND
MCCORMICK
WILKES
MORGAN
MARLBORO
LEE
SALUDA
OGLETHORPE
LINCOLN
FULTON CLAYTON ROCKDALE
NEWTON
CHESTERFIELD
KERSHAW
GREENWOOD
ELBERT
CLARKE
WALTON
DE KALB
DOUGLAS
CARROLL
MUSCOGEE
reduced; and credit quality has exceeded our
BARROW
GWINNETTE
PAULDING
HARALSON
FAIRFIELD
NEWBERRY
ABBEVILLE
JACKSON
POLK
LANCASTER
CHESTER
LAURENS
HART
BANKS FRANKLIN
HALL
FORSYTH
UNION
ANDERSON
STEPHENS
DAWSON
CHEROKEE
BARTOW
FLOYD
combined basis (Palmetto and the old AgSouth)
levels; non-earning assets have been drastically
LUMPKIN
PICKENS
YORK
OCONEE
WHITE
HABERSHAM
GILMER
WALKER
CHATTOOGA
SPARTANBURG
PICKENS
RABUN
UNION
MURRAY
HARRIS
merger-related costs. Loan volume exceeds 2003
TOWNS
FANNIN
first quarter of 2004 exceeded the income on a
for 2003, even after expensing $754,000 in
CHEROKEE
GREENVILLE
DADE
LOWNDES
CLINCH
CHARLETON
CAMDEN
ECHOLS
former Palmetto customers; and all of the 1998
surplus to former AgSouth customers. This is in
accordance with our merger plan, and it is the board’s intent to have all
the stockholders on the same revolvement by spring of 2005. This is just
one of the advantages of doing business with AgSouth: we return our
profits to you, our customers.
To improve customer service and expand our marketing efforts, we
have realigned the responsibilities of our lending staff. We believe this
will allow us to provide existing customers prompt service and allow
Finally, on behalf of your board and staff, I would like to thank you
for your support and ask that you promote AgSouth to your friends and
neighbors. It is through expansion of our business and profits that we
will be able to continue to pay patronage and make timely revolvements
back to you, our customers. We commit that we will continue to search
for ways to improve our services to you and support agriculture in its
various forms throughout our chartered territory. n
for expanded marketing efforts to build new relationships with new
customers.
Throughout 2004, we plan more expansion in our fee-based
business. We continue to build our secondary market loan program by
adding more originators. We are also proposing ways to improve our
crop insurance programs.
Harry S. Bell
assumes board
chairmanship
By: Pat Bowen, Corporate Secretary
On January 1, 2004, Harry S. Bell assumed chairmanship of
AgSouth’s new board of directors. He follows Jacob L. Davis, III,
former AgSouth chairman. Davis resumed his previous position
on the board effective with the January merger of the AgSouth and
Palmetto Farm Credit Associations.
Bell, from Saluda County, SC, was the former chairman of
Palmetto’s board of directors. He is a row-crop farmer and the former
president of the South Carolina Farm Bureau. Bell also serves on the
boards of the Ridge Mutual Ginnery, the Ridge Farmers Mutual and
the Southeastern Cotton Ginners/National Cotton Council.
Chairman of the Board, Harry S. Bell
Vice Chairman, Noel L. Riggins
Noel L. Riggins, an Upson County, Ga., farmer, was named vice
chairman of the board. Riggins is a broiler producer, cattle farmer and retired
airline pilot. He serves on the Lamar County Soil and Water Conservation
District Board, Lamar County Farm Bureau and the Lamar County
Agricultural Authority. n
Employees retire after 183
years of combined service
By: Lisa Peden, Director of Personnel
If it’s true that a company is only as good as the
people it hires, then none outshines AgSouth.
AgSouth’s 200+ employees have an average of
14 years of Farm Credit service behind them.
It says a lot about a company when you have
that many employees with so little turnaround.
We are sad to say goodbye to the following
employees, who retired earlier this year, but
thank them for playing such a vital role in
our success over the years. More importantly,
perhaps, we thank them for their commitment
to the rural communities we serve and for their
friendship along the way. n
Buron J. Wilson
Chief Lending Officer
Statesboro, Ga
24 years of service
Former Palmetto Employees:
Lynn Z. Dantzler
Chief Executive Officer
Orangeburg, SC
32 years of service
Steve S. Wood
Chief Operating Officer
Spartanburg, SC
30 years of service
Sandra V. Byrd
Administrative Services Manager
Orangeburg, SC
27 years of service
Former AgSouth Employees:
Kirby C. Hayes
Chief Financial Officer
Madison, Ga
31 years of service
Charles E. Meeks
Vice President
Thomaston, Ga
25 years of service
Carolyn S. Jones
Corporate Secretary
Statesboro, Ga
14 years of service
Danzler receives a Distinguished Cooperator of the Year award from Nick McNair of the AgFirst Farm Credit Bank.
Former Palmetto CEO Retires
after 32 Years of Service
By: Rick Moore, Portfolio Manager
Lynn Dantzler, former CEO of Palmetto
Farm Credit, officially retired from AgSouth
on April 30, 2004. Dantzler had been in the
same office building in Orangeburg, SC, for
over 28 years of his 32-year career with Farm
Credit. After the merger with AgSouth Farm
Credit on January 1, 2004, Dantzler agreed to
stay with the association a few extra months
to help ensure a smooth transition.
Dantzler began his career as a loan
officer with Farm Credit of Anderson in 1972,
and was hired by the Federal Land Bank of
Orangeburg in 1976. When he was appointed
president of the FLBA of Orangeburg, he was
the youngest person to hold that office in the
AgFirst district. Since then he has seen the
association through seven mergers, the last
being the merger with AgSouth.
When he began his presidency in
Orangeburg, the association served three
counties and had a total of $40 million in loan
“To ensure the success of American
agriculture, we have to encourage more young
people to get into farming. AgSouth does
this through its Young, Beginning and Small
Farmer programs.”
volume. Prior to the merger with AgSouth, the
Palmetto association served 4,000 customers
in 34 counties and had outstanding loans of
$650 million.
Growing up on a farm, Dantzler worked
alongside his family after obtaining his
degree from Clemson University until the
drought of 1977 forced him to rethink his
future. At that point, he knew he wanted
to stay in agriculture but wasn’t certain in
what capacity. Farm Credit afforded him an
opportunity to maintain his ties to agriculture
and assist thousands of farmers in their efforts
to provide food and fiber for the world.
Dantzler has seen a lot of changes in
agriculture during his tenure with the Farm
Credit System. Instead of whole families
working on the farm as was the case when
he was growing up, today most have at least
one spouse working outside the farm to
provide additional income and increasingly
important health insurance. Technology,
biotechnology, environmental regulations,
the global economy and diversification have
also affected the way many farms operate.
Dantzler has seen it all and has played a
significant role in the agricultural community
throughout the state of South Carolina.
With the national average age of a farmer being 59, Dantzler sees
“agriculture continuing to evolve so that large producers will continue
to produce a greater percentage of what we consume. To ensure the
success of American agriculture, we have to encourage more young
people to get into farming. AgSouth does this through its Young,
Beginning and Small Farmer programs. Agriculture may not be the
jazziest of careers, but it is the most important because agriculture and
its affiliated support industries clothe and feed us.”
Perhaps as an appropriate ending to his Farm Credit career,
Dantzler received a Distinguished Cooperator of the Year Award at the
South Carolina Cooperative Council’s 41st annual meeting held March
11, 2004, in Columbia, SC. At the young age of 55, Dantzler plans to
remain active for another ten years or so, possibly in the consulting
business. His fellow employees and members wish him well in his
“retirement,” and we are certain his contributions to agriculture will
not end! n
AgSouth Breaks Ground on New
Laurens Office
The new AgSouth office at 306 Hillcrest Drive in Laurens will have
over 5,000 square feet of space, with 10 offices on the first floor and
storage room above. The state-of-the-art office is expected to open in
November, 2004, and will be used as a model for other AgSouth offices
in the future.
From left to right: Ronnie Summers, President of Credit, S.C., Charles
Bentley, Special Assets Manager, Lisa Gunter, Chief Financial Officer,
John Livingston, Regional Vice Pres., Beverly Davis, Loan Officer, Cindy
Beaudin, Branch Operations Coordinator, Lisa Crawford, Secondary
Mortgage Markets, Owen Smith, Chief Lending Officer
AgSouth’s Brunswick Office Opens
After a long delay, AgSouth’s newest branch located at 1520 Newcastle
Street in Brunswick, Ga., is now open. Loan Officer Stephen Box,
Mortgage Originator Jeanene Phillips and Loan Assistant Jennifer
Brennan look forward to serving the financial needs of those in the area.
For more information, call 912-279-0400 or 877-278-0400.
The Cash Benefits
of Your Cooperative!
By: Lisa Gunter, Chief Financial Officer
It’s still early in 2004, and so far this
year your association has put over $19.5
MILLION in cash back into the pockets of
its members. How was this accomplished?
Through the payment of the 2003 patronage
distribution and the revolvement of qualified
allocated surplus. These cash payments
are reflective of the financial strength of
your association after the January 1, 2004,
consolidation, which created the NEW
AgSouth Farm Credit - stronger, more
diversified and better able to serve you.
This chart summarizes thirteen years
of history in paying patronage distribution
and revolving allocated surplus. It provides
a clear, visual picture of our slogan, “We put
our profits in your pockets!” The next time
you sit down to write another lender a check,
ask yourself this question: “How much of
this interest payment will this lender return
to me?” If you answer is “none,” then you
should consider doing more of your business
where you share in the profits.n
Cooperative borrowing provides high value to our customers. Members receive products tailored
to their needs, competitive interest rates and service by a staff that knows agriculture and rural
lending. You can also help strengthen your association in any of the following manners:
•
Spread the AgSouth story! Tell your friends and neighbors about the benefits of doing business with your cooperative.
•
Purchase your life, crop and timber insurance - coverage you need anyway - from your own company, AgSouth.
•
If you need equipment, vehicles or a building, ask your loan officer if an AgSouth lease is the right option for you.
•
Refinance loans you have with other lenders through AgSouth, the cooperative YOU own and govern.
•
Refer customers to our premier home mortgage unit, AgSouth Mortgages.
When we grow and spread our operating expense over a large base, we become more profitable, and the
patronage distribution grows accordingly. It pays to do business with AgSouth!
9 | Autumn 2003, AgSouth Leader
What is your property
really worth?
An experienced auctioneer
can often increase your net
proceeds.
By: Buck Heard
Rowell Realty and Auction Company
The clock is always ticking on the value of
real and personal property. While your real
estate may be slowly increasing in value, to
get a true value of its worth, you must factor
in holding costs, such as interest payments,
insurance premiums and maintenance. Most
A typical equipment auction.
personal property, on the other hand, actually
depreciates with each passing day.
Whether the sale centers on farmland,
residential property or inventory, an auction
may provide the best means of achieving
the highest value. Today’s serious sellers are
finding professional auctions the ideal method
of saving valuable time for themselves while
achieving the highest price for their property.
Professional auctions feature marketing
techniques that are unavailable in routine and
often time-consuming private sales. At an
auction, large tracts of land may be subdivided
and sold individually - in combinations of
tracts or as a whole - thus appealing to the
A professional auction often attracts more serious buyers.
broadest possible market. Personal property
such as equipment, household goods and
Selling at auction allows owners to
presentation of the property to the sale itself
inventory can also be sold on the same day as
consider solid offers in written contracts
and the accompanying legal documents.
the land.
with attached earnest money, all produced
Professional auctioneers take pride in their
in a competitive atmosphere. Experienced
work and its results, and should be able
most serious buyers and eliminates most
auction companies conduct market studies
to offer a list of satisfied clients who have
of the browsers and “tire-kickers.” An
to find the most likely buyers; send out
benefited from their skills. For any property
auction compresses the sale period, and most
information to those prospects; and know how
seller, the first step to a successful sale can be
transactions are marketed, sold and closed
to present a property in its most favorable
as simple as a phone call to an experienced
within 30 to 60 days, eliminating costly
light. Most important, auction veterans know
auctioneer. n
holding periods for the seller.
how to handle the details of a sale, from the
The professional auction attracts the
The Beef Quality Assurance Program
By: Jeff Cook, University of Georgia Extension Agent
The idea for Beef Quality Assurance (BQA) Program began in 1982 when three feedlots
began to evaluate their production practices, and with the help of USDA-FSIS, assessed
the residue risks. The BQA Program helps producers address the government’s concerns
for an organized approach to avoid violative residues in beef.
Even before this program was put into place, beef was the lowest of
all red meats in residues, well below the government levels for other
foods. The program is voluntary, and has been implemented to assist
beef producers in providing their customers with wholesome, safe
and consistently high quality beef. In 1985, after careful analysis and
adjustment of some production practices, the initial feedlots were
certified by the USDA-FSIS as Verified Production Control feedlots.
The information learned from this process served as the backbone for
the National Cattlemen’s Beef Association’s (NCBA) BQA program.
Thanks in part to BQA, beef residue levels are literally non-existent
today.
The beef cattle industry is a very diverse industry, with cattle being
produced not only by large feedlots and ranches, but also by small
independent producers in a variety of conditions and environments. The
BQA program takes these differences into account, and can be adapted
to meet the needs of a wide range of production practices.
The principles of BQA are similar to the Hazard Analysis, Critical
Control Point program (HACCP), which provides the guidelines
for quality assurance in processed foods. All packing plants have
developed a HACCP program. The HACCP program evaluates
potentially harmful situations in food processing and designs a plan to
avoid those problems. The HACCP then documents what changes and
improvements were made. The BQA is basically a pre-harvest quality
assurance program focusing on all aspects of beef production.
The NCBA BQA program offers guidelines on everything from
pesticides in pastures and cropland to animal medication and care. For
more information contact the NCBA, your local cattlemen’s association
or your county agent. n
This article is modified from the Beef Quality Assurance web site
http://www.bqa.org by Dee Griffin.
Estate Planning for
Farmers
By: Charles H. Brown, Brown Rountree
& Stewart PC
Charles H. Brown.
As farming is such a capital-intensive business, farmers, perhaps more than others, must
be concerned about estate taxes. Farmers who die owning large tracts of land and valuable
equipment are vulnerable to such taxes.
When determining a farmer’s total estate
for such taxation, the land, equipment and
virtually everything else the farmer owns is
included. Life insurance death benefits - if
the farmer owned the policy - bank accounts,
stocks and bonds and IRA accounts are also
included.
As the federal government grants
exemptions to estate tax up to designated
numbers, a farmer should analyze what the
total value of his estate is. To do so the farmer
adds up the value of all of his assets and
subtracts all debt. The remainder represents
the potentially taxable estate.
The current estate tax exemption is
$1.5 million, but that amount increases to $2
million in 2006, and $3.5 million in 2009.
The tax expires on January 1, 2010, but
springs back to life on January 1, 2011, unless
Congress makes the repeal permanent.
Consider this example: It is January of
2004, and a farmer is reviewing his financial
status. He concludes that the value of land,
equipment and other assets totals $1.5 million
and he has $700,000 in debt. The net taxable
estate is therefore $800,000, well below the
$1.5 million dollar tax exemption applicable
to 2004, so the farmer will not have to pay
estate tax in the event his death. The farmer
will want to make this analysis from timeto-time because as he reduces debt and
perhaps acquires other land and assets, his net
worth may increase. Fortunately, so does the
exemption, at least through 2010.
Conveyances to one’s spouse by will or
gift are exempt and not taxed under what is
generally called the “marital deduction.” The
IRS regards the farmer and his spouse as a
single economic unit. But leaving everything
to one’s spouse, while defeating tax at the
farmer’s death, may make the spouse’s estate
subject to tax at her death.
Fortunately, other options are available,
including a bypass trust, in which a portion of
the farmer’s assets are passed in a trust, which
pays the income to the spouse with perhaps
some principal encroachment during the
spouse’s lifetime. Upon the spouse’s death, the
assets in the trust “bypass” the spouse’s estate
and pass directly to the heirs named in the
trust, avoiding taxation by using the spouse’s
exemption from estate tax.
A farmer may also wish to consider
a partnership with his spouse and children
under which he presently conveys some
farm assets to his spouse and/or his children,
bringing down the value of the estate and also
assuring that appreciation in the value of those
assets after the conveyance is not taxed in the
farmer’s estate.
Finally, if a farmer has a large life
insurance policy, he may wish to place the
life insurance policy in an irrevocable life
insurance trust so that the insurance proceeds,
while available to his family, are not subject
to estate tax.
Charles H. Brown is a partner at Brown,
Rountree & Stewart, PC, located at 26 N
Main St, Statesboro, Ga. n
This article is not intended as legal
advice as to how your particular estate should
be managed. Estate planning is never “one
size fits all.” You should consult with your
own attorney or financial planner regarding
any estate planning issues and plans you wish
to pursue.
Agriculture Thrives at
Boone Hall Plantation
By: Mark Arena, Clemson University Extension Agent
Public plantations offer South Carolina residents and visitors an
opportunity to step back in time and imagine the plantation way of
life first-hand. Each plantation has its own rich history and personal
characteristics. Today these historical landmarks are challenged with
some very modern issues that can threaten their survival. No longer can
the “tried and true” practices of managing ensure their success. Tourism
in the South is very competitive. It takes creativity and tenacity to
thrive in this aggressive climate. Clemson University’s Extension
service is one place to turn for creative methods of problem solving.
Recognizing the changes and challenges facing them, plantation
owner Willie McRea and managing director Tony Page of Boone Hall
Plantation in Mt. Pleasant, SC, have made a concerted effort over
the past three years to transform the traditional plantation into an
agritourism destination full of breath-taking gardens and educational
activities for the family, all while providing a variety of agriculture
products for the public.
Agriculture production is a very important aspect of Boone Hall’s
history. The plantation has put produce on the tables of Low Country
restaurants and family dinner tables for over 300 years. Boone Hall
borders the fifth busiest road in the state, and 50,000 cars pass it each
day. It would be easy to develop a successful tourist-based program
in this location. However, McRae and Page are more concerned with
building and maintaining a reputation for producing the best agricultural
products in the Low Country. With this in mind, they have partnered
with Clemson University Extension Service to refine their production
methods. Agriculture agent Roger Francis and farm manager Henry
McQuade are working as a team to implement state-of-the-art farming
practices to enhance the plantation’s agriculture quality, while working
with other ag agents to develop ornamental landscaping to help attract
tourists. Plans include beautification of the grounds, marked plant
identification and interpretation. The planned showplace will provide
visitors with landscape design ideas and the materials with which to
make their ideas work at home. Many of the plants used at Boone Hall
will be produced at the plantation and made available for retail sale to
the homeowner.
Boone Hall is also in a joint venture with Boucounis Produce of
Gray Court, SC, to produce over 80 varieties of herbs at the plantation,
which will be grown both in containers and in the field. Visitors may
take home the container plants, while field-grown herbs will be made
available for both “you pick” customers and local vendors.
Boone Hall is moving forward with cutting edge ideas in an effort
to generate business. While there is always a certain amount of risk
associated with business ventures, McRae and Page are confident in
the team that’s been recruited to make the plan succeed. As with all
agriculture production, it really comes down to hard work, long days
and Mother Nature’s cooperation to produce an excellent crop. n
The oak-lined avenue to Boone Hall Plantation.
Boone Hall Plantation is one of South Carolina’s biggest tourist
attractions.
The Boone Hall team works to meet the goals outlined in their
marketing plans to bring the plantation into the future.
The Hogg tower grinder works well nestled between the broiler houses.
Alexander Farms
By: Terry M. Waytt, Commercial Loan Officer
a highly diverse business
Alexander’s soil amendment, Clay’s Helper, is ready for retail.
After graduating from Clemson University in 1978 with a degree in Civil Engineering, AgSouth director and member Gary Alexander, a native of
Oconee County, SC, spent the next 25 years building a diverse agricultural operation. Together with his wife Hellan, Gary operates several successful
agribusinesses. Their story is a study in modern microeconomics and how family and business success can be realized if one has enough drive,
energy and dreams.
During their marriage, Hellan and Gary, while creating a successful agribusiness empire, also found time to devote to their family, a high priority
on the Alexander list. They raised a couple of very accomplished children in the process. Daughter Lori is a highly successful and talented musician.
She attended the South Carolina Governors School of Fine Arts and is currently attending Presbyterian College in Clinton, SC. Clay, a Junior at West
Oak High School, is active in the family business and is a star catcher on the school’s baseball team. After graduating, Clay plans to obtain a degree
in horticulture from Clemson University and continue with the family business.
Fresh out of Clemson, Gary began learning the ins and outs of the construction business. After a few years with a corporation, he formed
his own construction company. In 1984 the Alexanders decided to diversify their operation and bought a tract of land near their home outside of
Westminster, SC. They contracted with Columbia Farms to build two broiler houses and began a successful journey into integrated agriculture. With
Six new 50’ x 500’ broiler grow out-houses near completion.
an eye focused on the future, the Alexanders decided to expand the
broiler operation in 1988 and contracted with Fieldale Farms to build
six more houses. Dr. Dave Wicker and Ken Martin from Fieldale Farms
are impressed with Gary’s ability to manage people and to keep good
people around him. Said Wicker, “Gary is very progressive in utilizing
his resources and is a good environmental steward.”
By the end of 1988 the Alexanders were the largest broiler growers
in Oconee County, SC. The industry has continued to expand in
northwestern South Carolina, as has the general ag economy. Much of
this expansion is a direct result of the Alexanders’ pioneering efforts.
“A successful agribusiness must
seek ways to make the most of all
of its resources. AgSouth is one
of our resources. Without Farm
Credit’s help, we wouldn’t be
where we are today.”
Gary and Hellan have helped numerous area farmers become successful
in the poultry business. They genuinely care for their community and
have a heartfelt concern for the state of agriculture in South Carolina.
Gary is not one to just talk, but sets a good example by getting
producers in South Carolina.
However, with the raising of more broilers came the increased
problem of waste disposal. In many respects this dry broiler litter is
involved. He currently serves on the boards of directors for AgSouth
very valuable. Traditionally, litter has been used to fertilize pastures and
and Blue Ridge Electric Cooperative. He is also a deacon and Sunday
cropland. While selling the litter provided additional cash flow, Gary
School teacher at Westminster Baptist Church and is the current
soon realized that after the cost of equipment, fuel and labor, harvesting
chairman of the South Carolina Poultry Federation, the industry’s
the litter was actually costing him money. After searching for a way
political voice in Columbia, SC.
to add value to the litter, the Alexanders built a cattle-feeding facility,
The Alexanders have been Farm Credit members since 1989,
where they composted the protein-rich litter and incorporated it into
when they turned to the cooperative to finance their poultry expansion.
a feed ration. This endeavor was successful for a time until it became
They have been loyal Farm Credit members ever since. Gary joined
increasingly difficult to market cattle grown in South Carolina due to
the board of directors in 1997. Also in 1997 the Alexanders sold their
the inaccessibility of local packing facilities.
eight-house poultry farm and built a new twelve-house, state-of-the-art,
Undaunted, Gary and Hellan started yet another new business
poultry farm on 90 acres they owned nearby, again financed by their
where they placed new sawdust and shavings in cleaned-out broiler
own cooperative, Farm Credit. The Alexanders were among the first
houses. Initially this business was meant to supplement the income
poultry growers to build the larger 50’ x 500’ houses. With a lot of hard
from the broiler operations. But the same saw mills that Gary dealt with
work, only one year later the Alexanders were one of the largest broiler
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also had bark to sell, and the Alexanders realized yet another opportunity
to diversify their operation. By composting their abundant broiler litter and
.
incorporating it into a mixture of ground bark, they could not only dispose of
the broiler waste, but also realize significant income from the process.
In order to take full advantage of the supply of bark, Gary needed to
develop a market for the end product. He nurtured relationships with retail
mulch yards, commercial and residential landscapers, as well as nurseries.
It soon became apparent that there was a solid market for a ground bark
product. In mid-2000 the Alexanders began grinding bark and composting
broiler litter. This initial venture was relatively small and was essentially
limited by the grinding capacity, but Gary’s engineering skills helped him
find a solution. He was able to locate a major grinding facility in another
state and purchased the heavy-duty grinder for relocation to their 90-acre
South Carolina farm. Once in production, the demand for the product grew,
and the Alexanders had another successful business venture under their belts.
Today the Alexanders are completing six additional broiler houses,
bringing their total number of houses to 18, or 450,000 square feet of growout space. They raise over 3 million broilers a year, and the mulch business
is thriving. While they are still the major regional supplier of top quality
ground mulch products on a wholesale basis, they are also moving to higher
Gary & Hellan Alexander review promotional material for a new
soil amendment product.
value products. They now have the capacity to dye their bark products,
and they operate a bagging line that is showing promise. The unstoppable
Alexanders are also marketing their soil and composted products under
the “Carolina Ground Covers” brand.
“A successful agribusiness must seek ways to make the most of
all of its resources,” says Alexander. “AgSouth is one of our resources.
Without Farm Credit’s help, we wouldn’t be where we are today. As
a director, I am proud of what we have accomplished to make our
cooperative stronger. As a member of the cooperative, I am happy
that the company remains committed to serving the financial needs of
agriculture and ensuring a strong patronage refund for its members.”
With good management practices, the ability to clearly understand and
utilize their resources to the fullest and a penchant for diversification,
Alexander Farms clearly has its eye on the future. n
Grinder efficiency comes from a state-of-the-art sorting
and conveying system
Georgia Farm Credit Pig Classic continues its
tradition of success
By: Rhonda Uzzolino, Marketing Manager
The Georgia Farm Credit Winter Pig Classic was another
huge success earlier this year at the Georgia Agricenter in
Perry, Ga. In its seventh consecutive year, more than 625
pigs were entered in the show, representing the tri-state area.
This incredible interest by youth livestock exhibitors allowed
the event to defend its reputation as “the largest jackpot pig
show east of the Mississippi River.”
As is the tradition with the Georgia Farm Credit Winter
Pig Classic, co-sponsored by AgSouth Farm Credit, the show
is actually divided into two parts, a prospect and a progress
show. In the progress portion of the show, Georgia and
Koehn Smith of Jeff Davis County exhibited the Champion
and Reserve Durocs, respectively.
The Winter Pig Classic continues to grow, and we look
forward to an even bigger and better show next year. This
event helps AgSouth Farm Credit accomplish its mission
of supporting agricultural endeavors throughout the state,
particularly in regard to youth activities. n
AgSouth Mortgages Now Has Mortgage
Programs to Fit Most Every Need
By: Danny Boylan, Underwriting Supervisor
Whether you want a home at the beach, in the mountains, in the country,
in the city, as investment property . . . AgSouth Mortgages can now
provide the financing!
AgSouth Mortgages, a subsidiary of AgSouth Farm Credit, was
initiated as a way for AgSouth to bring competitively priced home loans
not only to our members, but also to area non-farmers, as well. The
subsidiary has been extremely successful for AgSouth, closing more
than $140 million in loan volume during 2003, and producing over
$2.7 million in fee income for the association. AgSouth Mortgages now
has mortgage loan programs for almost any situation, including a new
program that allows borrowers to close on a home for only $500 down
and another program designed especially for purchase/renovations with
only one closing.
“These new programs present a great opportunity to serve new
markets,” says Theron Anderson, Director of Secondary Marketing
and Related Services. “With the purchase/renovation mortgage,
qualified borrowers can borrow up to 95% of the ‘as will be’ value of
the property. Our association’s territory covers many historical areas in
Georgia and South Carolina, and we expect that many of our purchase/
renovation loans will come from these areas.
The $500 down program is perfect for those just starting out who
have little money to put into the purchase. We also offer an interest-only
mortgage program that may appeal to those who know they will not
keep the home long-term. This program could make home ownership
possible for a customer who would not otherwise be able to afford a
AgSouth can loan up to 95% “as will be” value through a new purchase/
renovation program.
home with a conventional fixed-rate mortgage.”
AgSouth Mortgages also offers conventional mortgages, loans for
homes with large acreages, jumbo loans, no income verification loans
and up to 95% construction to permanent loans with one closing.
“We are excited about the marketing opportunities available to
us through these programs,” says Anderson. “All 31 of our AgSouth
offices have access to mortgage originators. If someone is interested in
finding out information about our home mortgage programs, it’s as easy
as calling the local Farm Credit office. An originator can often take the
information over the phone and direct the customer to the best available
program to meet his or her needs at some of the most competitive
interest rates around!” n
For more information on AgSouth Mortgages’ home loan programs,
contact your local Farm Credit office.
The Agribusiness 2004 Incoming class.
2004 Agribusiness Leadership Institute
gets high marks from attendees
By: Rhonda Uzzolino, Marketing Manager
In January, 2004, AgSouth Farm Credit sponsored
the third annual Agribusiness Leadership Institute
for South Carolina’s young and beginning farmers.
Seventeen couples took part in the three-day
learning conference held in Columbia, SC.
The leadership institute serves both as a
refresher course for the previous year’s alumni and
an introductory course for new attendees. AgSouth
Marketing Manager, Miriam Pflug, created the
program three years ago for Palmetto Farm Credit
- prior to merging with AgSouth- as an avenue to
assist young and beginning farm couples in learning
essential financial planning skills.
According to Pflug, “The Agribusiness
Leadership Institute has been one of our most
successful tools in helping young and beginning
farmers develop the vital financial planning skills
they need to be successful. We are very excited
about expanding this program to include AgSouth’s
Georgia customers in 2005.”
The first day of the institute began with an
introduction by Lynn Dantzler, former CEO of
Palmetto Farm Credit. He discussed changes in the
association since the January 2004, merger and gave
an overview of AgSouth and its patronage program.
Steve Wood, executive vice president (now retired)
then gave a presentation on AgSouth’s young and
beginning farmer programs.
Dr. David Kohl, Professor Emeritus of the
Agricultural and Applied Economics Department
of Virginia Tech, then began the main portion of
the program by giving the class an overview of
Young farmers participate in a group discussion.
“Farm Credit has done a great thing for young
farmers by bringing us together like this.”
the global economy and current agricultural trends. Dr. Kohl is an expert in agriculture and
economics and has traveled over five million miles throughout his professional career to talk
to groups around the world. He leads attendees in hands-on exercises designed to stimulate
creativity and planning skills. One of his first exercises for the alumni session was to ask
participants what they learned from last year’s class and to discuss how they incorporated
those lessons into their lives. With a contagious enthusiasm for agriculture and economics, Dr.
Kohl is skilled at obtaining total participation from the group. Each year the alumni groups
share success stories from the information they took back to their operations and implemented.
One of the greatest aspects of AgSouth’s Leadership Institute is that is gives young and
beginning farm couples an opportunity to meet with others involved in agriculture to discuss
and swap planning strategies, form alliances and socialize. Because of the solitary nature of
the business, many farmers, especially those
just starting out, haven’t yet made connections
with like individuals who can serve as
sounding boards and alliance partners. Institute
alumni have a chance to visit friends they
made at the last session, while newcomers to
the institute have a chance to form important
relationships and make new friends
The alumni and newcomers came
together for a joint meeting the first night to
hear Dr. Ron Prestage of Prestage Farms of
South Carolina, an AgSouth member, speak
about his operation. AgSouth President Bill
Spigener also welcomed the group to the
session. The group then had an opportunity to
socialize over dinner. Says one alumni, “Those
of us in agriculture have to stick together.
This conference gives us an opportunity to
form alliances with others in similar situations
and to learn from each other’s experiences.
Farm Credit has done a great thing for young
farmers by bringing us together like this.”
First time attendees began their training
on the second day of the conference. Dr.
Kohl opened the session by giving an
overview of the ag economy and discussing
the problems facing rural America. He also
discussed good farm management practices
before dividing the couples into groups, with
husband and wives on separate teams. Once
the couples were situated, Dr. Kohl led them
in discussions created to help them discover
the commonalities and differences in their
backgrounds and operations.
Although the newcomer group was
diverse in its operations - ranging from
conventional poultry farms to ornamental
nurseries - they found that they all have
many things in common. This group, coming
Dr. David Kohl gives hands-on instruction on
how to manage the demands of a farming
lifestyle.
together for the first time in a forum focused
around them, found that they are familyoriented, find solace in religion, have pets,
are light or non-drinkers, are for the most part
college educated and usually have one partner
who works outside the farm to provide health
insurance benefits. Dr. Kohl pointed out that
similar traits are found in young farmer groups
throughout the United States.
The group also discovered that they
share some of the same challenges facing
AgSouth’s Lynn Dantzler (l) helps Dr. David
Kohl (r) lead a discussion in what the class of
2003 learned from the institute.
other farmers across the nation, including time
management, solvency, stabilizing cash flows
and educating the public and legislators alike
about agriculture. “People don’t understand
what it takes to put a gallon of milk on the
table,” said one attendee. “We’re in a world
where expectations are high and convenience
rules. What goes on behind the scenes to meet
those needs is unimportant to many Americans
as long as the milk can be found in the dairy
case.” n
Dr. Kohl stresses that whether you plan to go into farming or
become self-employed in another fashion, preparation is the key.
Some of his suggestions include:
1. Know your credit score. This will give you an idea of how your credit is viewed by creditors
so you can avoid unpleasant surprises.
2. Take care of your needs before your wants.
3. Set aside liquid assets equal to at least two months’ living expenses as emergency funds.
4. Have a written business plan and job descriptions for every employee, especially family.
5. Diversify. Don’t rely on one crop or product as your sole source of income.
6. Manage your time. Balance work and play for a healthy life.
7. Prepare for retirement with a certified financial planner.
8. Set aside money for health care costs.
Plans are already underway for the next session to be conducted during the first quarter of 2005.
For more information, contact an account representative at the office closest to you.
Alumni from 2002 and 2003.
Southeast Regional
Fruit & Vegetable
Conference attracts
thousands
By: Stacy Sikes, Vice President
Savannah, Ga., was the site once again of the third annual Southeast
Regional Fruit & Vegetable Conference (SRFVG). The conference
draws attendees and exhibitors from North Carolina to Florida. With
more than 1,000 pre-registered attendees, the conference has grown so
much in only three years that event organizers were forced to relocate
the tradeshow this year from its original location at the Savannah
Civic Center to the relatively new Savannah International Trade and
Convention Center just across the Savannah River.
The tradeshow covered topics on a variety of subjects pertaining
to agriculture grown in the Southeast. Educational sessions highlighted
the latest developments and information on everything from food safety
and handling to new crop insurance to organic farming. Congressman
Mac Collins of Georgia’s 8th District was the keynote speaker. Collins
serves on a number of congressional committees and is a strong
supporter of agriculture. AgSouth, a co-sponsor of the conference, was
one of approximately 150 exhibitors during the three-day event.
Georgia Fruit & Vegetables Growers Association (GFVGA)
President Donnie Morris, of Morris Farms in Baxley, Ga., and an
AgSouth member, opened the conference with a speech thanking the
sponsors and welcoming everyone to the event. According to AgSouth
member and GFVGA First Vice President Kevin Hendrix of Hendrix
Produce in Metter, Ga., the number of attendees increased by 20% over
the 2002 registrants, and organizers expect even more attendees and
exhibitors next year. n
AgSouth member and GFVGA First Vice President Kevin Hendrix
(center) stops by the Farm Credit booth to speak with AgSouth loan
officers Stacy Sikes (l) and Robbie Haranda (r).
The SC Chapter of the FFA had a booth...
...as did Morris Farms, AgSouth members.
GFVGA President Donnie Morris, an AgSouth
member, welcomed everyone to the event.
Lemmon Cattle Enterprises
By: Mike Stewart, Vice President
Even before he was a high school student, AgSouth director and
member Harvey Lemmon knew that all he wanted to do in life was
work with cattle. He bought his first Angus cow at the age of nine and
was ready to show her daughter at the Virginia State Fair the following
year. While getting his college education, Harvey was itching to get
back to the cows. At the end of each semester at Virginia Tech, he would
vow to escape to a cattle ranch, only to return again to his schooling
at the beginning of the semester. Fortunately, while he was finishing
his degree in animal science, he gained such a reputation for grooming
cattle for shows and sales that he had offers of employment way before
graduation.
Originally from Virginia, Lemmon began life on the family farm,
but unfortunately it had to be sold when his dad was stricken with polio.
His dad became an accountant and was the first to tell Harvey of the
benefits of financing with Farm Credit.
After graduating from Virginia Tech, Lemmons intentions were
to work for a while before eventually starting a cattle farm near his
hometown. There were two opportunities that really intrigued him: one
was herdsman with Millarden Farms in Woodbury, Ga., and the other
with Summitcrest in Ohio. While he would have been in charge of the
show cattle in Ohio, Lemmon felt that Millarden, the more diversified
operation, was a better choice for him. His wife Nina said that she
would only go that far away from home if he agreed that they would
Director Lemmon reflects on how Farm Credit has helped his operation.
“. . . when you get that patronage
check, it’s like found money
because the best deal is always
up-front with AgSouth.”
be working toward something for themselves down the
road. A few years later she got more than she may have
bargained for.
In 1971, while Lemmon was still working for
Millarden, the president of the local Farm Credit
association came out to purchase bulls and was so
impressed by Lemmon that he later loaned him the
money to purchase his first herd. Lemmon has been a
Farm Credit member ever since. Seeing the economic
advantages of cattle production and the friendliness of the
people around Woodbury led the Lemmons to begin the
operation on leased property in Georgia. Three or four
years later, with hard work and a budding success in the
Angus business, Harvey and Nina bought 60 acres of their
own and grew the operation. “I went from the outhouse to
the penthouse with Farm Credit,” laughs Lemmon.
In 1986, the Lemmons sold most of their herd to
take advantage of former President Reagan’s’ changes in
the capital gains laws and started their operation all over
again. It’s truly an attestation to Lemmon’s management
and reputation that he was able to rebuild his business
and is now one of the top Angus producers in the country.
AgSouth Director Harvey Lemmon (R) and AgSouth Vice President
Mike Stewart (L) on the Lemmon ranch.
The entrance to Lemmon’s office houses wall-to-wall certificates and
ribbons his cattle have won over the years.
Two of Lemmon’s prizewinning heifers.
Currently Lemmon works with a thousand-acres of pasture, mostly
leased in Coweta and Meriwether Counties, on which he runs 250
registered cows, 150 commercial cows used for embryo
transfer, and for growing out all his calves. He also has
one-half interest in 450 feeder cattle in Illinois, and
a reputation for breeding genetically superior Angus
cattle. Harvey Lemmon is at the pinnacle of his career
and, luckily, he says, it only took him 33 years to get
there. His office and the hallway in the barn are lined
with awards and plaques attesting to his expertise and
experience in the field.
Lemmons high performance Angus seedstock is
for sale at the farm every day of the year. In addition,
two sales are held each year. In March the Lemmon
Generations of Excellence Female Sale is held on the
farm near Woodbury, Ga. offering mostly fall calving
cows with heifer calves. Okeechobee, Fl. is the home
of the Annual Lemmon Herd Sire Sale the last Friday
in October. In the 2002 Generations of Excellence Sale
Lemmon sold Angus cattle to 52 breeders in 19 states
from New York to California.
Harvey’s wife Nina pulls her share of the load to make Lemmon
Cattle Enterprises a success. She is the hostess for the sales, making sure
the guests are greeted and there are plenty of food and drinks available.
She also has her “to do” list for Harvey and sons, John and Donnie.
Farm Manager Bill Godowns and Office Manager Pat Evers,
along with Steven Bryan, are the full-time Lemmon team members who
contribute so much to the operation.
As a member and director of AgSouth, Lemmon says that
“AgSouth members know that they are going to get the best deal
available when they borrow money. I don’t know where any farmer can
go for a better deal. And, when you get that patronage check, it’s like
found money because the best deal is always upfront with Agsouth.” n
If you have the money to pay for care, you have choices.
If not, you may be an unintential burden to those you love.
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LTC insurance protection can pay for care even in your
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NWTF Emphasizes
Safety in the Woods
Courtesy of the National Wild Turkey Federation
Hunting the wild turkey is one of the safest sports there is - much safer
than riding your bike to the corner store or playing a few sets of tennis.
In fact, turkey hunting is four times safer than playing ping-pong, and
you are 50 times more likely to take a trip to the emergency room if you
play golf.
Why is turkey hunting so safe? One of the reasons is the National
Wild Turkey Federation’s commitment to making hunter safety a top
priority. In 1991, the NWTF initiated the National Turkey Hunting
Safety Task Force to complement the hunter safety efforts of state
agencies, the International Hunters Education Association, the National
Rifle Association and the National Shooting Sports Foundation. The
task force - composed of hunting and shooting safety experts from
around the country - met in 1992 to develop a comprehensive hunter
safety program and has since produced and distributed over one million
pieces of hunting safety information.
The result? The number of turkey hunting accidents continues
to decrease even as turkey hunters flock to the woods in increasing
numbers. Spring turkey hunting accidents have decreased from a high
of 8.1 per 100,000 in 1991 to a low of 2.95 per 100,000 in 2002. The
number of reported turkey hunting injuries has fallen by an impressive
50 percent since 1992.
Compare turkey hunting to shooting hoops, for instance, and you’ll
realize turkey hunting is much safer. Last year, The Wall Street Journal
reported that in 1999:
• For every 100,000 people who played basketball, 880 were
seriously injured.
• 860 soccer players out of 100,000 left the field limping or
worse.
• 800 out of 100,000 people were wounded on the softball
diamond.
• 410 bike riders out of 100,000 got hurt.
• For every 100,000 who played tennis, 260 were treated for
torn ligaments, damaged cartilage and more.
• Even swimming - one of the safest sports to participate in
- resulted in 70 injuries per 100,000 participants, making it
significantly more dangerous than turkey hunting.
Do your part to keep turkey hunting a safe sport.
The National Wild Turkey Federation needs your support. To find out
how you can help or join your local chapter, contact
www.nwtf.org/support_nwtf/.
AgSouth’s Market
Don’t forget to browse our website for more items. To add
or delete something from AgSouth’s Market, please contact
[email protected]. If you find what you’re looking for,
contact AgSouth for financing!
Real Estate Wanted
Would like to lease 10 acres and up with dwelling, barn
fencing for horses. Leases would be for at least 2 years starting July
04. I am military and have spouse 3 kids and horses. Being reassigned
to Ft. Stewart, Ga., Contact Michele or Scott Bowers at 910-281-5657
or 910-273-5010.
10 acres in Coffee Co., Ga area, preferably with a pond. Contact
[email protected].
Lakefront property at Lake Jackson in Newton or Jasper Co.,
Ga. Contact [email protected].
40-75 acres in Newton, Morgan or Jasper Co., Ga. Could
just be raw land, pasture. Could include house, barn, etc. Contact
[email protected].
50-100 acres in the Hogansville, Ga. area, reasonably priced.
Contact [email protected] or Harry Rogers at 770 502-1050.
10-20 acres in Pike Co., Ga. Owner financing. Can be totally
wooded or pasture. The more secluded the better. Contact Stephen
Ashley @ 678-360-1239.
200-1000 acres for hunting lease in Hazlehurst, Ga. Contact
[email protected].
Lease or lease-purchase pasture for three horses North of
Atlanta. Safe fence (can repair) and water needed. Contact Lonnie at
[email protected].
Real Estate for Sale
Egg-laying chicken farm for sale in Jones Co., Mississippi. 40acre tract. 3 ultra-modern laying houses, each with approx 17,000 sq
feet. Built 2 years ago. Climate and feeding computer controlled. Also
2 rental properties (farm labor live in one of them) and a beautiful 5
BR farm house with outdoor swimming pool, gazebo, double carport
& outside workshop building. Urgent sale is needed due to divorce.
Owner would consider putting up some collateral to assist in the sale of
the farm. Contact [email protected].
70 acres. 3 bedrooms, 2 baths, 2400 sq. ft. home. Pastureland,
2 ponds, detached buildings and shelters. 30 minutes from St. Simons
and Jekyll Islands, Ga. Near the Glynn/Brantley, Ga. Co. lines. Call
Joyce Hyers at 912-778-4457.
125-acres dairy farm in Burke Co., Ga. 90 acres of permanent
or rotational pastureland; with balance being in woodlands.
Improvements: brick veneer home with 1533 sq. ft. heated;1533 sq.
ft. unfinished basement; 690 sq. ft. garage; and 156 sq. ft. porches.
Dairy barn (double four herringbone). Holding Pen. Commodity Shed.
Horizontal Silo. $300,000.00. Contact Ray Martin at 706-554-3905.
Screven County, Ga - Choice farm land in excellent location.
Less than 3 miles from Sylvania city limits and easy access to new
Savannah River Parkway. 50 to 100 acres, some wooded, available
now with additional acreage negotiable. Owner will consider deferred
payment plan. Serious inquiries only. 703-963-0945.
2 tracts of land. One tract is located in Candler Co., Ga.
between Metter and Claxton - 30 acres. It presently has 2-year old
pines on it. The other tract is 15 acres and is located a short distance
away in Tattnall Co., Ga w/4-year-old pines. Asking $3000/acre.
Contact 912-681-5805 or 912-684-3217.
Mini Farms. Small family mini-farm in the country, complete
with stocked pond, garden spot, pastures for ponies or cows, BBQ patio
by pond, guesthouse, cute country cottage. Greene Co., Ga. $225k lease
purchase possible. Almost 6 acres.
Potential restoration, historic Victorian, with current great
appraisal in growing area close to all Lake Oconee, Ga. amenities and
private school. Has 2-stall horse stable. Lots of architectural details and
history. Greene Co., Ga. Asking $220K. 1.36 Ac.
Turnkey Professional Horse Property Carroll/Paulding Co.
area for a horse trainer or boarding business, with lovely home, barns,
paddocks. Very private yet minutes to I-20. High $200’s Almost 10 AC.
Contact 770-424-9017 or 770-214-7319 [email protected].
3-5 acre lots or as 110 acres in Douglas Co., Ga. as a whole
parcel. Land fronts the Dog River with 2 bold streams flowing through
the middle of the property. Contact [email protected].
5-55 acres near Lake Oconee, Ga. A wonderful combination
of mostly rolling pasture with both managed and naturally wooded
acres. Lovely creek on one boarder line and paved county road on
the other. Major property improvements include a new 300-foot well,
1500-gallon septic system - 3000-gallon propane tanks buried - and
a professional 5 KW back-up electric power generator. Lay of land
allows for a lake in front of the building structure. This property is
ideal for man and horses. Available in 5, 10, 40, or 55 acre-lots. 50’
domed monolith structure nearing completion (potential for 35000+/sq. ft. of unique home space or equestrian barn. Potentially 10 stalls
w/loft. 1481 Bonner Lane, Buckhead, Ga. - Exit 121 off I-20. Contact
Joe Gora @ 678- 581-3750 or [email protected].
110 acres in Douglas Co. 3-5 acre lots or as a whole parcel.
10 acres front the Dog River with 2 bold streams flowing through the
middle of the property. Contact [email protected].
Satilla River Deep Water Lot in Woodbine. Beautiful wooded
tract a short boat ride to the intercoastal, Cumberland Island and the
Atlantic! Contact Dave @ 912-882-0702 or [email protected].
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Manufacturers of Southern Pine Lumber
Top prices for quality timber
Consulting foresters available
Steve Keadle
President
Homer Keadle
Chairman
Southern Yellow Pine Lumber
Pallets & pallet parts
889 Railroad St, Thomaston GA
706-647-8982 (phone) * 706-647-1392 (fax)
www.keadlelumber.com
AgSouth Farm Credit
P.O. Box 718
Statesboro, GA 30459
PRSRT STD
U.S POSTAGE
PAID
COLUMBIA, S.C.
PERMIT 785

Spring - AgSouth Farm Credit

Transcription

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