In the News

We just completed the first half of 2015 and now have an opportunity to reflect back on our operating performance.Western AgCredit is performing exceptionally well in all aspects of its business. Thanks to some timely rains this spring, we were able to dodge the negative fallout from a drought. A majority of the commodities

within our portfolio continue to enjoy strong prices,which when coupled with low interest rates results in a favorable business climate. We couldn’t achieve our prolonged positive operating results if we didn’t have the best business relationships in the Intermountain West.

Specifically we have to thank the following groups for contributing to our success:

•Membership/Borrowers – without this group Western

AgCredit has no purpose to exist. Since our only business

is lending to agriculture, we are a reflection of our

membership and this is a reflection we are extremely

proud of. We finance the best people in the best industry.

•Western AgCredit Board – the Board establishes

the strategic direction for the Association. The Board

provides the morale direction for the organization.

•Western AgCredit Staff – Our staff provides the

horsepower that moves the company forward. They

utilize their discretion to develop solutions that meet the

expectations of our customers. Our staff is our biggest

competitive advantage over other lenders.

•CoBank – is our source of funding that assists us in

moving capital from Wall Street to the rural home town

main streets within our service area. We are fortunate to

have a lender who treats us the same way we strive to

treat our customers.

•Participation Partners – Western AgCredit has a select

group of partners that we buy and sell loan participations.

Specifically Lewiston State Bank, Bank of Commerce,

CoBank and Northwest Farm Credit Services have

contributed significantly to our success.

•Agricultural Stakeholders – These stakeholders

comprise commodity organizations (i.e. Cattlemen’s

Association, Woolgrowers, etc.), legislative organizations

(i.e. Farm Bureau Federation, Farmers Union, etc.),

supply/service organizations (i.e. Intermountain Farmers,

Producers Livestock, etc.). Working together, the

stakeholders are able to accomplish significantly stronger

results than we could if we operated individually. A

few stakeholder accomplishments are: funding youth

scholarships; funding agricultural PACs; providing input

to State and Federal Governmental bodies, etc.

Western AgCredit won’t take for granted the support we receive from the groups listed above. We will work hard to earn everyone’s business and support.

In April of this year, the President of the American Bankers Association (ABA) called on Congress to eliminate the Farm Credit System. Even though Congress isn’t likely to eliminate the Farm Credit System, Western AgCredit took the topic seriously and talked to several of the local agricultural stakeholders about the situation.

In an effort to show support for Western AgCredit,CoBank and the entire Farm Credit System, the major stakeholders signed onto a letter of support addressed to the Utah Congressional Delegation. Click here to read the letter in its entirety. We sincerely appreciate the strong support that we received from the signees of the included letter. I would also like to reaffirm our appreciation to our membership, Board of Directors, employees and business partners for their business, support and their commitment to Western AgCredit. Western AgCredit is truly blessed.