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Feb 7, 2024, 09:27 AM
Read the Member Spotlight in Alabama Forest Magazine
“Nearly seventy percent of the state of Alabama is covered in trees. People from all walks of life own timberland in Alabama, and as a result, financing timberland and related forestry operations is the largest segment of our $1.3 billion loan portfolio. So, we care about what is happening within the forestry industry, and we partner in many ways with those that are connected to it.”
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Nov 3, 2023, 12:31 PM
JumpStart Grants Awarded
Five start-up farmers in central and south Alabama have won big in our 2023 JumpStart grant program. The JumpStart grant awards $10,000 to five start-up farmers.
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Aug 2, 2023, 09:17 AM
Understanding Your Rural Loan and Interest Rate Options
Buying a rural property—whether it’s land, a farm, or a house out in the country—is a major undertaking that requires a lot of planning. To make the right choice, it’s important that you understand the pros and cons of each loan type.
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Jun 23, 2023, 15:04 PM
Young Farmers go to Washington, D.C.
Our members, Adam & Sarah Temple, of Ashford, AL, took their interests in agriculture to Capitol Hill on June 22.
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Jun 2, 2023, 11:13 AM
2023 Board Election Results
We would like to thank our members who voted and participated in this year’s Board of Directors Elections. Ballots were tabulated by an independent third party, and the results have been certified and provided to the Association.
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Jun 2, 2023, 07:57 AM
How to Create and Use a Balance Sheet For Your Farm
Establishing a balance sheet for your farm is essential. Checking in with your farm’s finances using a balance sheet allows you to evaluate the financial health of your business and make adjustments to improve it.
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Apr 3, 2023, 08:18 AM
How to Buy a Farm or Land in 5 Steps
The decision to buy land or a farm shouldn’t be an impulsive one. It takes thorough planning, research, and organization to set yourself up for success and do it properly. Here are 5 steps to put you in a great position to get the property you want and better understand the process.
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Mar 31, 2023, 15:16 PM
Scholarship Announcement
Announcing the ten - $1,000 scholarships awarded to children and grandchildren of Alabama Ag Credit customers.
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Mar 21, 2023, 17:08 PM
Recovery Continues
In partnership with the Alabama Peanut Producers Association, we donated 11,530lbs of peanut butter to the AICC Autauga Interfaith Care Center and the Selma Area Food Bank.
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Mar 15, 2023, 16:35 PM
Farm and Land Loans That Pay You Back
We are returning $13.1 million of our 2022 net income to farmers and rural landowners in central and south Alabama. Cash-back patronage checks will be mailed on March 23, 2023, and will be in the hands of the member-borrowers shortly.
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Mar 14, 2023, 13:40 PM
Corporate Conservation Society
As a cooperative, we’re proud to support organizations & initiatives that matter to our members.
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Feb 7, 2023, 16:12 PM
Control Cash Flow with a Revolving Line of Credit
An RLOC, sometimes called a “revolver,” is an open-ended operating loan that’s preapproved for a specified sum or spending limit. In a way, it’s like a credit card but with the added benefit of a lower interest rate.
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Jan 26, 2023, 10:30 AM
Tornado Relief Donation
Weeks later, communities are still working to pick up the pieces after the deadly tornado ripped through Autauga, Dallas, & Elmore counties on January 12, 2023.
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Dec 19, 2022, 14:28 PM
Understanding Your Credit: 5 Things You Need to Know Before Applying For a Farm Loan
Farming costs add up quickly. If you’re like most farmers and ranchers, you’ll likely need to borrow money at some point in your life to fund these expenses. To know what your borrowing options are, it's important to understand how credit decisions are made.
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Oct 2, 2022, 10:22 AM
5 Steps for a Successful Year-End Farm Financial Check-Up
Performing a financial check-up doesn’t have to be a headache. If you know what to look for and organize your documents, it can be as simple as following 5 straightforward steps:
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Sep 22, 2022, 15:44 PM
First JumpStart Grants Awarded
Out of 50 applicants, we have chosen five winners to receive a $10,000 JumpStart grant for 2022!
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Aug 4, 2022, 11:07 AM
Using Collateral for a Farm or Land Loan Down Payment
How much will your down payment be for your farm or land loan? This is one of the most frequently asked questions lenders get. However, the answer isn’t as straightforward as it may seem.
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Jun 13, 2022, 13:14 PM
What you Need to Know Before Obtaining a Loan for a Rural Home
Financing a rural home is different than financing a home in the city, so you’ll have to keep certain considerations in mind. Here’s what you need to know before you buy that little slice of paradise out in the country.
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Apr 4, 2022, 14:54 PM
Things to Know Before Meeting with a Loan Officer
The borrower-lender relationship is a two-way street. Both parties are trying to reach the same goal from a different direction. Both want to ensure the long-term viability of their businesses, and both have high expectations of the other.
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Feb 22, 2022, 12:20 PM
Keenland Farms | A Joint Effort
As beginning farmers, Peter and Carla Keen and their family opened the pumpkin patch portion of Keenland Farms in 2017. With an existing operation consisting of catfish and cattle, the pumpkin addition was perfect for a growing family to continue to diversify.
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