Your Story is Our Story Too - PG 2
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SPRING | 2021 Your Story is Our Story Too PG 2 Understanding Patron Equity Classes PG 8 Opportunities We Haven’t Seen in Quite a While PGS 12
YOUR STORY IS
OUR STORY TOO
If you watched or listened to the
informational meeting Farmward held in
perception of Farmward; our goal is to go
deeper by gathering in-depth, directional
December in lieu of our annual meeting, feedback about where you see your operation Dave Stuk
you heard both Calvin and I talk about the in the future. Hopefully, by providing this CEO
expectations of our merger coming to channel for you to express your views, the O: 507.249.3196
C: 507.381.2331
fruition. As presented to the membership survey will enable Farmward to make more
Morgan
of Harvestland and CCFE in 2017, and then informed changes to how we operate, as well
Equity Elevator in 2019, the purpose for as make sound investments for the future.
merging was not about wanting to get bigger,
it was about gaining efficiencies, reducing As a member of Farmward, some of you “It is imperative
expenses, and enhancing products and may have already been contacted by the to our success
services for the benefit of all stakeholders. company who is conducting the survey for
However, we knew it would take some time us. They have been gathering information that we fully
and had predicted it would be three years two ways. First, they are conducting open-
before those benefits would be realized ended phone interviews with growers for in-
understand our
on the bottom line. As predicted, those depth feedback. Second, they are conducting growers’ needs
expectations were demonstrated this past an on-line survey that will ask a series of
fiscal year with Farmward having a very closed-ended questions and few open-ended for the future,
successful year financially. questions. They have randomly selected because your
growers from our 1500-member voting list,
So, now what? Well, it would be great if we so not all members will be contacted, and story is our
could bask in the celebration forever, but just none will be asked to take both.
like a sports team who wins a big game, we
story too.”
need to move on and start preparing for our Both surveys are done anonymously to
next opponent, which is the future. ensure your privacy and to allow you to give
your honest, unbiased feedback. Those
As your cooperative, we are deeply aware responding are being compensated with a
of how vital it is to stay ahead of meeting small monetary gift for their time. By doing
your needs in today’s highly competitive both types of surveys, we hope to gain a
environment. Although we feel like we broad view of how well we are meeting your
know our customers well, we sometimes current needs and what we can do to meet
find ourselves making modifications and your future needs.
investments based on assumptions. This can
be especially daunting considering the speed I want to thank you in advance for helping
and intensity of change within the ag industry. Farmward with this project. We truly feel
We feel like we have been successful in this will be beneficial to all stakeholders as
meeting your expectations up to this point. we continue to strive toward building this
However, if we truly believe in our mission cooperative for the next generation.
of Advancing Farming for Generations, it
is imperative to our success that we fully If you are not contacted to participate in
understand our growers’ needs for the future, either survey and would still like to give your
because your story is our story too. honest feedback, I would encourage you to
speak with me directly or a member of your
With that said, Farmward has decided to board of directors. We would love to answer
conduct a customer survey to help us gain any questions or concerns you may have, so
a greater understanding of your needs. In that together, we can make this cooperative
doing this survey our objective is to get even better.
more than just your satisfaction level and
FARMWARD INSIGHT 2 SPRING • 2021
WRAPPING UP
THE WINTER SEASON
Despite all that is happening in the world, I hope priorities for your board and
everyone has had a healthy winter and has taken some management, it is also imperative that Calvin Aarons
time to spend with your family. Although winter allows we maintain a strong balance sheet Board Chairman
many farmers to have some down time, I think we all are and financial position for the future. C: 320.212.0340
more than ready to get started with our spring fieldwork. The residual net income of $803,503
With a good fall and some rallies in the markets, there is was designated to Farmward’s capital reserve and will
a lot to look forward to as we begin the 2021 crop year. be used to support the cooperative’s operational needs
which includes making investments to meet the needs
Informational meeting held virtually of patrons.
Normally, in this newsletter I would recap our annual
meeting. However, as you know, we did not hold our Meeting season
normal annual meeting due to the COVID-19 restrictions The winter season and the meeting season go hand-in-
and instead, opted to hold an informational meeting hand and your board has been attending meetings of the
virtually via YouTube. If you missed it, the meeting took regional cooperatives just as we normally do this time of
place on December 16th as a livestream event on our year. However, because of COVID-19, they have all been
YouTube channel and is available for viewing at any time. like Farmward’s informational meeting - held in a virtual
You can access the video from a link on our website format. As with everything, you have to wonder if this is
under the “Farmward News” menu, or you can access going to be the new normal. I hope not. There is a lot to
it directly on the AgQuest YouTube channel at: https:// be said for having meetings and discussions face-to-face.
youtu.be/HASXCZG06-c. How else do you build relationships and connect with
your cooperative peers and managers? In my opinion, it
There is also a condensed version of our annual report is virtually (pardon the pun) impossible in a cyber setting.
on our website, located under the “About Us” menu. If
you would like a full copy of the Farmward Consolidated Along with the regional coop meetings, members of your
Financial Statements, that includes the auditor’s notes board have been taking time to attend some educational
for the year ending August 31, 2020, it is available to board training sessions, all held virtually as well. As a
members upon request. Please call the Morgan office at cooperative board member, we take our responsibility
507.249.3196 or email info@farmward.net. very seriously and want to make sure that we are well-
educated in this ever-changing environment. These
Equity retirements and patronage dividends sessions include topics from understanding financial
As mentioned in our last newsletter, your board approved direction and managing risk to technology disruption
the redemption of $2,025,200 of patron equity. Of and cyber risk; all based on our role as a board member.
that $2 million, $1,420,678 was Class A Patron Equity The sessions even include homework that needs to
(Harvest Land Pre-Merger Patron Equity), $525,367 be completed pre-session and in-session. We have
was Class B Patron Equity (CCFE Pre-Merger Patron found a lot of value in participating in these educational
Equity), and $79,185 was Class D Patron Equity (EETC opportunities and have put a great deal of emphasis on
Pre-Merger Patron Equity). Those checks were mailed attending, even if held in a virtual setting.
following the informational meeting in December.
As we near spring, I encourage you, if you haven’t
In addition, for the first time since becoming Farmward, already, to take time to work with your Farmward
we also paid out a patronage dividend of $2,918,164 to account manager, your energy sales specialist, and your
our members, which was 80% of our local income. Fifty ULTIGRAIN marketing advisor. Together, they can help
percent, or $1,459,082, was paid in cash with those finalize your plans and mitigate your risk for the 2021
checks being mailed to patrons in mid-February, and crop year.
the remaining 50% was allocated as Class C equity in
Farmward. The board and management wish everyone a prosperous
and healthy 2021. Thank you for your business.
While retiring equity and paying patronage are high
FARMWARD INSIGHT 3 SPRING • 2021
A CHANGING
Craig Hebrink
Vice President of
Grain & Feed
O: 320.329.8377
LANDSCAPE
C: 320.894.8796
chebrink@farmward.net
Renville
IN THE MARKETS AND AT OUR FACILITIES
It has been said, past performance is not indicative At Danube East, we will be putting up a 1.2-million-
of future results. What a difference a year makes! bushel bin. This will compliment the rest of our
Markets for your 2019 crop were led by a lack of operations and our plan is to get to a point where we
exports and relied mainly on domestic demand, with will be handling soybeans at the East complex. The
average cash prices of $3.21 per bushel for corn and Downtown facility has served our operations well over
$8.33 per bushel for soybeans. So far, the 2020 crop the years, but we are approaching a time where it will
has seen a market led by a strong export demand and no longer be feasible to keep the Downtown facility in
prices averaging $4.03 and $11.32 per bushel for corn operation. It has 700,000 bushels of storage which has
and soybeans, respectively. to be accessed through 3 separate elevators, making it
inefficient to operate.
As the result of good production in our area, an inverted
futures market (created by strong demand), and We are also in the process of analyzing other facility
higher prices, there is a lot of grain being marketed. changes to increase efficiency and customer service at
Consequently, Farmward has been very busy loading our facilities. Some of the items we are looking at are
shuttle trains with several more to load between now remote scale printers, RFID truck scanners, additional
and the end of May. To give you an idea of what the receiving capacity for wet and dry corn, along with
change in export demand has meant to us, we loaded more storage at Danube and additional receiving, drying
a total of 10 shuttles (about 4.5 million bushels) in our and storage capacity at Morgan. We don’t have a set
fiscal year 2020, which represents the crop raised in time frame for these projects, but if our analysis shows
2019. As of today, we have 61 shuttles (about 27.45 a benefit to our operations, the plan would be to do
million bushels) booked through the end of May from them in a fiscally responsible manner.
the 2020 crop. We expect this will increase as we go
through the rest of the marketing year. Feed Operations
The feed mill operations at both Morgan and Renville
Facility Upgrades have been running steady. The tons manufactured
The Board of Directors has approved a couple of through January are exceeding our expectations.
building projects scheduled for the upcoming summer. Winter always brings its challenges when it comes
We will be adding a 515,000-bushel bin at our Clements to the feed business, but thanks to a great group of
facility. The added bin space will be especially helpful employees we have been able to accomplish this. We
during soybean harvest, as currently, we only have are appreciative for more hours of daylight and looking
230,000 bushels of storage for soybeans. That means forward to Spring.
during harvest we have the additional expense of
transferring 500,000 plus bushels on average, to Thank you for your business and the support that you
Springfield. give Farmward Cooperative!
FARMWARD INSIGHT 4 SPRING • 2021
A WELL-RUN OPERATION
INCLUDES TIMELY Carla Hamre
PAYMENTS ON ACCOUNT
O: 320-329-8377
chamre@farmward.net
Renville
As of this writing, we are experiencing the coldest Energy - all energy products will receive a 5%
stretch of winter 2021 so far. It is almost unimaginable discount if payment is received by the 15th of the
that in a couple of months the crops will be seeded month following the date of service.
in rich soil and once again the cycle of growth begins. Cardtrol - accounts unpaid beyond the 15th are
I can’t help but reflect on how blessed we are at subject to having their cards locked out.
Farmward to have such good producers, who are good Feed - toll mill/large volume accounts are
stewards of our land and continue to produce optimum scheduled to make payments on the 15th and 30th
crops year after year. of each month. All other feed purchases are due
under the standard payment terms.
I know you all have been spending these past few Agronomy - the standard payment terms apply to
months diligently working with account managers all agronomy sales.
planning your crop year. Many of you have given
AgQuest an opportunity to earn your business by Additionally, our Grower360 customer portal has been a
offering you a wide range of financial products, for that great tool. More enhancements through that platform
we are appreciative. With all the preparation, it once will be available in the near future. As I indicated in the
again becomes evident that we have the best and most winter newsletter, we are excited to be able to offer
loyal customers in the industry. the ability to make payments online. This feature will
be available to customers very soon. I encourage you
This is also a good time of year to remind you of our to check out the ad in this publication for additional
credit terms. Your well-run operation also includes information.
timely payment of accounts in order to avoid additional
fees that ultimately affect your bottom line. I invite you to continue to share ideas with us in how
we might provide more clarity in statements and
A summary of our credit terms is printed below. If communication from a credit standpoint. We are
you would like a full copy of our Credit Policy, please listening and value your opinion.
contact me and I will be happy to get that to you.
As always, if you have any questions on your account
• Standard Payment Terms - payment for all purchases or need to discuss payment options, please give me a
are due by the 15th of the month following the call at 800-962-7007 or email me at chamre@farmward.
month of purchases. net.
• Finance Charges - purchases which are unpaid by the
15th of the month following the month of purchase Amid all that has occurred in 2021, I am reminded of
will be charged a finance charge equal to 1.5% per the most important part of your operations - you and
month (18% annually), assessed on the 16th of each your family! Please work safely, we certainly value you
month. and your wellbeing. Thank you for choosing Farmward,
• COD – any accounts unpaid past 60 days will be put we are eager to serve and partner with you in your
on a “cash only” basis until their account is made energy, feed, grain, agronomy, and finance needs!
current. At that time, we will reassess the credit
worthiness of the account. Wishing you and your family a Blessed Easter Season!
• Specific Terms:
Grain - payment for all grain purchased from
Farmward is due 15 days from the date of
purchase.
FARMWARD INSIGHT 5 SPRING • 2021
AGRONOMY OPS –
ENSURING MUTUAL SUCCESS AS SPRING HITS
48-Hour Notice
As did our patrons, Farmward Agronomy Operations had a great fall application season
and we are looking forward to a great spring as well. As with every spring, we anticipate
growers will push for an early start to planting based on dry soil conditions and not “Please note, with
calendar date, so we want to ensure we are ready when that date hits. the new 132-
With that said, planning and communication are critical to our mutual success this Spring.
foot boom (4440
Over the next few weeks we encourage you to work with your Account Manager to line Patriot Sprayer),
up and take delivery of crop protection, liquid fertilizers and seed.
you may want to
When application season begins, we understand that weather and many other things may consider adding
influence what happens during your day. If possible, we ask that you give us 48-hour additional headlands
notice when placing your orders for spreading and spraying. This will help us maximize
efficiencies throughout our trade territory to meet the needs of all our patrons. to your field so we
do not run over crop
Post Spraying – Keep Your Account Manager Informed
When placing orders for your post emerge spraying needs, it is critical to make sure when making turns
that your account manager is aware of what the surrounding crops are. Today’s crop or headland passes.”
chemistries are very specific and crops can be easily damaged or killed if they are not
tolerant to what is being sprayed in an adjoining field.
New Equipment
We have added some new
equipment to our fleet for 2021 that
includes a Case IH Trident™ 5550
with a 3 bin New Leader G5 box.
Like our other VRT machines, the
Trident will do both straight and VRT
work and will give us the flexibility of
running across additional acres after
tillage is done without experiencing
damage to booms or having the
additional maintenance we see with
the air machines. Adding to our
efficiency, the Trident has an increase
in spread pattern from 70 feet up to
90 feet with comparable high rates of
fertilizer. The Trident is also adaptable
to running top dress in the summer.
We were able to test this machine
out last fall and are excited about
adding it to our fleet.
FARMWARD INSIGHT 6 SPRING • 2021
Joel Kretsch
Operations Manager
C: 507.430.8249
jkretsch@farmward.net
Danube
We also added 3–4440 Case IH Patriot Series sprayers with 132-foot booms. The
machines come with AutoBoom® XRT automatic boom height control which can detect
changes in terrain/crop height by using a combination of chassis monitoring and radar
sensors, for improved target height accuracy, maintaining a level spray platform and
maximizing boom life. Please note, with the new 132-foot boom, you may want to
consider adding additional headlands to your field so we do not run over crop when
making turns or headland passes.
In addition, we added a TerraGator® Twin Bin Airmax Precision 2 machine. The Airmax Scott Arnsdorf
allows us to spread two products at once with customizable application rates. Choose Operations Manager
50/50 or 60/40 configurations with the adjustable-split main bin to efficiently apply C: 507.920.9999
multiple products at varying rates with longer runs between reloading. sarnsdorf@farmward.net
Springfield
FARMWARD INSIGHT 7 SPRING • 2021
UNDERSTANDING PATRO
With the allocation of patronage from Farmward’s • The first Class C patron equity allocated was from
fiscal 2020 earnings, Farmward issued Class C patron Farmward’s fiscal 2020 earnings.
equity for the first time. As a result, Farmward now
has four classes of qualified patron equity including, Class D Patron Equity:
Class A, Class B, Class D, and now Class C – each • Class D patron equity is 100% of the qualified equity
being determined by what entity in which the equity held by the patrons of Equity Elevator & Trading
originated. My intent is to give you more clarification Company at the time of the September 1, 2019
on each of these classes of patron equity, the merger with Farmward.
difference between qualified versus non-qualified • Class D patron equity is no longer issued and will
equity, and how each class of equity is retired or decline as this class of equity is redeemed.
redeemed in my article below.
Non-Qualified Equity Classes
Qualified versus Non-Qualified Patron Equity There are two classes of non-qualified equity classes:
There are six patron equity categories held in the
name of a Farmward patron; four are qualified equity Non-Qualified Patron Equity:
classes and two are non-qualified equity classes. The • This equity class consists of all pre- and post-merger
key difference between qualified and non-qualified non-qualified patron equity.
classes is the timing of when it becomes taxable
income. When qualified equity is allocated or issued, a Non-Qualified Ordinary Dividend Patron Equity:
patron receives a 1099 for the year allocated and thus • This class of equity was issued by Harvest Land
must report the allocated amount as income in the Cooperative to patrons pre-merger.
year issued. When non-qualified equity is allocated or
issued, the patron will not receive a 1099 until such Redemption of Patron Equity Classes
time as the non-qualified equity is redeemed. All Farmward Cooperative equity redemptions are
based on Farmward’s Board of Director’s (Board)
Qualified Equity Classes capital management policy as provided in Section
Farmward has four qualified patron equity classes: 6.07 of Farmward’s bylaws and the characteristics of
the various equity classes. At the end of each fiscal
Class A Patron Equity: year, and upon completion of the audit, the Board
• Class A patron equity is 100% of the qualified equity determines the dollar amount of equity, if any, that
held by the patrons of Harvest Land Cooperative can be redeemed while still providing Farmward with
(HLC) at the time of the September 1, 2017 merger the liquidity and solvency necessary to conduct the
with Coop Country Farmers Elevator (CCFE). business of providing products and services to patrons.
• Class A patron equity is no longer issued and will
decline as this class of equity is redeemed. When the Board declares an equity redemption, the
amount to be redeemed will be allocated among Class
Class B Patron Equity: A, B and D equity classes in a proportionate manner
• Class B patron equity is 100% of the qualified equity based on the equity contributed by each cooperative at
held by the patrons of CCFE at the time of the the time of the respective mergers. As per the merger
September 1, 2017 merger with HLC. agreements, the redemption method for Class A, B
• Class B patron equity is no longer issued and will and D equity will be consistent with the pre-merger
decline as this class of equity is redeemed. methods of the respective cooperatives and the
redemption of Class C equity shall be based on the age
Class C Patron Equity: of equity method:
• Class C patron equity is the qualified equity allocated
to patrons of Farmward post mergers.
FARMWARD INSIGHT 8 SPRING • 2021
ON EQUITY CLASSES
Class A Patron Equity: Non-Qualified Ordinary Dividend
• The redemption method for this class is transitioning Patron Equity:
from age of patron to the year allocated method. • Non-qualified ordinary dividend Sadie Reiners
• For the next two years, patrons 65 years of age and patron equity is not included in the CFO
older will receive a portion of their outstanding equity annual patron equity redemption O: 507.249.3196
and the residual redemption allocated to this class budget. Morgan
will redeem the older equity allocated. • Non-qualified ordinary dividend
• After two years, 100% of the equity redeemed in patron equity will only be
this class will be based solely on the year allocated redeemed if an extraordinary income event such as a
method, meaning that the oldest equity allocated sale of an asset or investment occurs.
is redeemed first. In 2020, all the equity allocated
in fiscal 1997 and earlier and a portion of equity It will continue to be the policy of Farmward to retire
allocated in fiscal 1998 was redeemed. a patrons qualified equity (Class A, B, C or D) upon
the patron’s death to the estate of the patron within a
Class B Patron Equity: reasonable timeframe and upon receipt of the required
• The redemption method for this class is based on the documentation. However, if the equity of the patron
age of the patron meaning that the oldest patron’s is substantial, the retirement period may be extended
Class B equity is redeemed first. to 12 months. Any non-qualified patron equity will not
• In 2020, patrons age 65 and older received 100% of be redeemed upon the death of a patron. Any such
their Class B equity and patrons age 64 received a non-qualified patron equity may be transferred to the
portion of their Class B equity. heirs of the deceased patron upon presentation and
execution of the appropriate documentation.
Class C Patron Equity:
• The redemption method for Class C patron equity is I also would like to note, that you can log into our
based on the year allocated method. customer portal, Grower360, to view your patron equity
• The first Class C patron equity allocated was based balances. If you have not set up your Grower360
on Farmward’s fiscal 2020 earnings. account, please go to our website, farmward.net, and
click on “Register for Grower360” in the green ribbon
Class D Patron Equity: at the top of the homepage.
• The redemption method for this class is based on the
age of the patron, meaning that the oldest patron’s If you would like further clarification on how the equity
Class D equity is redeemed first. accounts are set up and paid out, please feel free to call
• In 2020, patrons age 78 received a Class D equity me, Paul Wieneke or Whitney Wills at 507-249-3196.
redemption.
Non-Qualified Patron Equity:
• Non-qualified patron equity is not included in the
annual patron equity redemption budget. Non-
qualified patron equity will only be redeemed if an
extraordinary income event such as a sale of an asset
or investment occurs.
FARMWARD INSIGHT 9 SPRING • 2021
LOWER IMPORTS, DEMAND,
AND RISING FARM INCOME
EFFECTING PRICING
With the rise in commodity prices and lower stock levels, crop nutrient manufacturers
Jim Boyle
Crop Nutrients & Crop
Protection Mgr
C: 507.227.1921
have taken multiple increases since fall. Over the past six months imports of crop jboyle@farmward.net
nutrients from Europe and Asia have been less, as the energy necessary to manufacture
product was used as a source of heat for the cold weather conditions they were
experiencing. Also, traditional imports from Morocco and Russia have been reduced due
to the current import tariffs. Those imports are necessary to fulfill U.S. demand and keep
nutrients in balance for global production. The lack of product through imports, along with “The lack of
rising farm income and the strong fall demand, has lowered crop nutrient stocks to levels
which will support the current prices through planting and side dress season. However, product through
manufacturers are monitoring the additional demand necessary to get through spring and imports, along with
when that demand is over, they will have a better handle on world nutrient stocks as we
start to fill our inventory for fall demand which normally begins in July. rising farm income
Fall contracting available
and the strong fall
As we look towards the 2022 growing season, we will offer fall crop nutrient contracts demand, has lowered
throughout the spring and summer months for growers who want to lock-in crop
nutrients for the fall application season. Prices are subject to change daily and with that
crop nutrient stocks
in mind, we recommend offsetting your fall nutrient purchase with a grain contract as a to levels which will
good risk management practice.
support the current
CP market set for 2021 prices through
The crop protection market is set for the upcoming season. We have seen price
increases in all Roundup® brands as the tech material to make glyphosate is behind planting and side
schedule. We are also seeing an increase in demand in all Liberty® brands as the Enlist® dress season.”
trait has increased market share, with some estimates exceeding 50% of the 2021 acres
across the U.S.
Freight demand increases creating shortages
Over the past several months we have been seeing supply issues with more and more
items due to COVID-19. For example, there is a shortage of boxes, plastic jugs, and iron
for the cage tanks we utilize. Just to give you an idea of why the industry is experiencing
these shortages, one of our suppliers gave me this statistic last week: normally, trucking
firms have two loads scheduled per truck and currently, they are now at a level of 5 –
6 loads per truck. The demand for freight over the next few months, as well as rising
energy prices, are encouraging all of us to get our needs on hand as soon as possible
to hedge against the increase in prices. Rest assured, Farmward is doing this as well in
order to meet your needs prior to the start of the growing season.
Your Account Manager will be working with you to finish up your spring plans as well as
contacting you for pick-up and delivery of products as soon as the weather allows. Warm
weather is around the corner and we look forward to being your partner as we prepare for
a successful spring planting season.
FARMWARD INSIGHT 10 SPRING • 2021ENSURING MAXIMUM
GENETIC POTENTIAL
As spring approaches, we need to make sure that the Preventing SDS
varieties we have chosen over the winter are setup In 2020 we saw a lot of sudden
to maximize their genetic potential. A quick review death syndrome (SDS) another Matt Pietig
Seed & Precision Manager
of your hybrid’s most yield limiting factors can be the disease that thrives in cool, C: 507.430.2127
difference between a good crop and a great crop. damp soils. Last year was a mpietig@farmward.net
Whether its IDC, white mold, sudden death syndrome, perfect storm for this disease.
Ensuring Maximum
or other diseases, there areGenetic Potential
some things we can do Early planting, poor drainage,
Matt
aheadPietig, Seed & Precision
of planting to make Division
sureManager
we are setting that seed compaction, and hybrid selection
up for a successful 2021. are the main factors that allowed this disease to thrive.
As spring approaches, we need to make sure that the varieties we have Fortunately
chosen over theforwinter
2021, arewe have a better understanding
setup to maximize their® genetic potential. A quick review of your hybrids most yield limiting factors can
New ULTIFARM Seed Treatments of the hybrids affected by SDS. To combat this
be the difference between a good crop and a great crop. Whether its IDC, white mold, sudden death
In soybeans, one way to maximize that potential is with disease, we can treat those varieties with ILeVO® in
syndrome, or other diseases, there are some things that we can do ahead of planting to make sure we
seed
are treatments.
setting that seed upNew
for a for 2021 2021.
successful is our ULTIFARM® line combination with our ULTIFARM products. ILeVO® is
of seed treatments. ULTIFARM FORCE is a 4 – way the only proven winner against both SDS and soybean
fungicide mix to fight
New ULTIFARM® Seed Treatments off early season diseases such cyst nematodes. Work with your account manager to
as Pythium, Phytophthora, Fusarium and Rhizoctonia.
In soybeans, one way to maximize that potential is with seed treatments. better understand
New for 2021 is our these products and find the best fit
ULTIFARM
ULTIFARM® SUPREME
line is a 3 – ULTIFARM
of seed treatments. way fungicide
FORCE mix,
is a 4 –along for amix
way fungicide successful
to fight off2021.
early
season
with adiseases such as Pythium,
plant growth regulator,phytophthora, fusarium
and insecticide toand
aidrhizoctonia. ULTIFARM SUPREME is a 3 –
way
withfungicide
emergencemix, along
andwith a plant
fight growth
off early regulator,
season and insecticide to aid with emergence and fight
insects.
off early season insects.
You can find more information about these products on
You can find more information about these products on our website: www.farmward.net.
our website: www.farmward.net.
Preventing SDS
In 2020 we saw a lot of sudden death syndrome (SDS) another disease that thrives in cool, damp soils.
Last year was a perfect storm for this disease, early planting, poor drainage, compaction, and hybrid
selection are the main factors that allowed this disease to thrive. Fortunately for 2021, we have a better
understanding of the hybrids affected by SDS. To combat this disease, we can treat those varieties with
ILeVO® in combination with our ULTIFARM products. ILeVO® is the only proven winner against both
SDS and soybean cyst nematodes. Work with your account manager to better understand these
products and find the best fit for a successful 2021.
FARMWARD INSIGHT 11 SPRING • 2021OPPORTUNITIES WE HAV
Grain markets give, and grain markets take away. What we have “Opportunities
witnessed from September through present day is they have
Joe Hennen been mostly in the giving mood. The market is giving you a good are there for both
opportunity to lay off risk and get corn and soybeans priced at numbers
Grain Origination Lead
we have not seen in quite some time. Opportunities are there for
old and new crop
O: 320.329.8377
C: 320.212.9457 both old and new crop pricing that are profitable. As always there is pricing that are
jhennen@farmward.net a lot of noise in the marketplace with much speculation as to where
Renville the market may be heading to for a high and one needs to filter that profitable.”
out and do what is best for your own operation. Markets have been
inverted meaning the demand for grains is upfront and nearby. How
long this will last depends on several factors, including but not limited to, South American
production, transportation strikes in Brazil, export demand, U.S. dollar valuation, U.S. crop
production, USDA monthly reports, and swine disease in China, just to mention a few. We
recommend you talk with your ULTIGRAIN® to put your grain marketing ideas and plans in
motion.
Volatile Futures Spreads
Along with volatile rallying markets, comes volatile futures spreads. It isn’t uncommon to
see inverted spreads in the soybean market at various times of the year, but it is historically
uncommon to see an inverted corn market, at least as of late due to ample U.S. ending
stocks. Old crop spreads will be imperative to direct you when to haul your grain stored on
Jalen Pietig the farm, as the current corn and soybean markets have shown, they want your grain now
Grain Marketing Advisor rather than later this spring or summer. Interest costs are a key factor in that decision as
O: 507.249.3196 well. Remember, 5% interest at $5.00 corn is about 2 cents/month, while the same interest
C: 507.430.4307 on $13.00 beans comes out to 5 ½ cents/month! There certainly is a cost to holding grain,
jpietig@farmward.net especially in a flat or inverted market.
Morgan
Need to watch December – July Corn Spread
Another key spread to watch, specifically for producers with on-farm storage, will be the
December 2021 – July 2022 corn spread. As of this writing it sits around 11 cents, hardly
enough of a carry to incentivize you to store your corn 8 months post-harvest. If prices stay
supported into the spring and summer months, there is a good chance that producers will
go into fall with more grain forward contracted than they’ve been used to the last handful
of years. As you forward contract more grain than you plan to deliver in the fall, you have to
decide whether to hedge that grain for spring or summer 2022 delivery or keep hedges/sales
in December 2021 futures. At current spreads, most will keep hedges in the December
2021 time slot and roll those positions to July 2022 futures if the spread moves to more
historical levels (25-30 cents carry). If the spread never widens, the market is telling you
it wants your grain at harvest or shortly thereafter. Listen to the market! If you have any
questions regarding futures spreads or ways to use them to your advantage, please reach
out to your ULTIGRAIN. When spreads become volatile like this year, we tend to hear about
more risky spread recommendations from marketing professionals. We highly recommend
you talk these through with someone before you take on any additional, sometimes
substantial, risk for your operation.
Guaranteed Minimum Price Contracts offer a sound marketing tool
Guaranteed minimum price contracts performed very well these past several months and
those that owned them, did a great job of managing them by taking money out of the
market as it went higher, and are still being managed today. They are a sound marketing tool
that excel when we have markets like we have just witnessed. They allow you to generate
income, put in a floor and participate when the market moves higher. Give this contract
some thought to use on a percentage of your crop in future marketing considerations.
FARMWARD INSIGHT 12 SPRING • 2021VEN’T SEEN IN QUITE A WHILE
Monthly Crop ReportsMinimum
Guaranteed & Crop Price
Progress Reports
Contracts offer a sound marketing tool
The marketsGuaranteed
will be paying closeprice
minimum attention toperformed
contracts the USDAvery monthly crop
well these reports
past severalas we enter
months the 2021
and those that crop year. The
reports will be released
owned them, as
didfollows:
a great job of managing them by taking money out of the market as it went higher, and
are still being managed today. They are a sound marketing tool that excel when we have markets like
March 9th, monthly USDA
we have just crop production
witnessed. They allow you to generate income, put in a floor and participate when the
March 31st, market
quarterly grain
moves stocks
higher. Giveand
thisprospective
contract someplanting intentions.
thought to use on a percentage of your crop in future
marketing
April 9th, monthly USDAconsiderations.
crop production
May 12th, monthly USDA crop production
Monthly USDA
June 10th, monthly Crop Reports & Crop Progress Reports
crop production
The markets
June 30th, quarterly willstocks
grain be paying
andclose attention
planted to the USDA monthly crop reports as we enter the 2021 crop
acreage.
year. The reports will be released as follows:
Also beginning in April crop progress reports will be published every Monday throughout the growing season. They
March 9th, monthly
will rate the percentage USDA
of each crop
crop inproduction
a good to excellent, fair, or poor category.
March 31st, quarterly grain stocks and prospective planting intentions.
April 9th, Contract
Seasonal Average monthly USDA crop production
May 12
If you took advantagemonthly
th
, of our USDA
Seasonalcrop production
Average Contract, pricing began February 3 and will end on July 14th. Your
June 10
ULTIGRAIN can keep you updatedcrop
, monthly USDA production
th
on what levels the pricings are at on a weekly basis. Please contact them if this
is somethingJune
you30 , quarterly
like tograin stocks and planted acreage.
th
would keep up on.
Also beginning in April crop progress reports will be published every Monday throughout the growing
season. They will rate the percentage of each crop in a good to excellent, fair, or poor category.
Seasonal Average Contract
If you took advantage of our Seasonal Average Contract, pricing began February 3 and will end on July
14th. Your ULTIGRAIN marketing advisor can keep you updated on what levels the pricings are at on a
weekly basis. Please contact them if this is something you would like to keep up on.
John McNamara JohnJalen Pietig
McNamara Mike Pietig
Jalen Kohout MikeJennifer
KohoutHinz Jennifer Hinz
ULTIGRAIN ULTIGRAIN
ULTIGRAIN ULTIGRAIN
ULTIGRAIN ULTIGRAIN
ULTIGRAIN ULTIGRAIN
Marketing Advisor Marketing
Marketing Advisor
Advisor MarketingAdvisor
Marketing Advisor Marketing
Marketing Advisor
Advisor Marketing Advisor
Office: 320.523.1811 Office:
Office: 507.249.3196
320.523.1811 Office:507.249.3196
Office: 320.826.2157 Office:
Office: 507.485.3153
320.826.2157 Office: 507.485.3153
Cell: 320.894.0170 Cell:
Cell: 507.430.4307
320.894.0170 Cell:507.430.4307
Cell: 507.430.4870 Cell: 507.430.4870
jmcnamara@farmward.net jpietig@farmward.net mkohout@farmward.net
jmcnamara@farmward.net jhinz@farmward.net
jpietig@farmward.net mkohout@farmward.net jhinz@farmward.net
Olivia Morgan
Olivia Danube
Morgan Wood Lake
Danube Wood Lake
FARMWARD INSIGHT 13 SPRING • 2021FARMWARD ENERGY OFFER S THE
PRODUCTS AND SERVICES YOU NEED
Here we sit on the tail end of winter patiently the propane department will summer fill all
waiting for the spring season ahead and as LP customers UNLESS you contact us and
we move to warmer days, there are several ask us not to fill your tank.
Pat Macht energy product and service items I would like
Energy Division Manager to talk about. Free your fuel tanks of their enemies
C: 507.430.2233 The importance of keeping your tank and fuel
pmacht@farmward.net Summer service work reminders system free of contaminates has become
Just a quick reminder to anyone who has essential with the introduction of ultra-low
temporary lines on their property; we will sulfur diesel (ULSD) and biodiesel. Water
need to trench them in during the summer. contamination is one of the chief enemies
You should also let us know if your tank of any diesel-fueled equipment. All fuels
needs our attention – moved to a new spot, contain some water in suspension, but
straightened, leveled, painted, etc., or if you unlike gasoline, diesel fuel is less refined
would like to have a garage heater put in and will hold a much larger amount. This
or re-plumb your hog barns. In addition, if water can cause excessive injector wear,
you are thinking about adding or changing a filter plugging, power loss and corrosion of
dryer setup, we would love to be a part of engine fuel system parts, resulting in costly
your planning process. These are all projects repairs. Also, if water is allowed to remain in
that we can take care of during the summer the diesel while it is stored, microorganisms
months, so please let us know and we will or bacteria can form that feed on the
put you on our schedule. hydrocarbons in the fuel. This results in
slime, which can clog filters.
When it comes to your LP needs you can
be rest assured that our knowledgeable Farmward Energy can give you peace
installation technicians and delivery personnel of mind when it comes to making sure
will never leave you worried about the safety your fuel tank and fuel supply are both in
of your energy system. Our goal is to provide good condition. With our on-farm fuel tank
the most secure and reliable energy service physical, we will do a complete inspection of
in the area. your tank(s), as well as the components - cap
style (Prevent cap is encouraged), gauge (is
Managing your on-farm storage it cracked or loose), pump, filter (2 micron
On-farm storage for your fuel and/or propane is recommended), hose, and nozzle. We
is an important aspect of managing your will also pull a sample of your fuel from the
farm operation, that’s why we recommend bottom of your tank to see if there is any
having enough storage to get you through ‘free water’ (water which is not in the diesel
spring and into fall. Depending on your fuel as a dissolved component). Whatever
current storage and usage of LP and/or the issue, Farmward can make the repairs
fuel, Farmward offers several different tank or corrections needed to ensure your
options for you to consider. The tanks can be equipment keepsWhatever
dissolved component). running
thesmooth.
issue, Farmward can make the repa
purchased or leased-to-own. We encourage ensure your equipment keeps running smooth.
you to contact a Farmward Energy Sales You would be amazed at what the fuel looks
You would be amazed at what the fuel looks like inside your barrels after
Specialist to discuss all the options available. like inside your barrels after years of neglect.
Left: B
Summer Fill Program Right:
As in the past, Farmward will have summer
This pr
fill LP program. Currently, we do not over a
have pricing available. However, pricing is
generally lower than in-season and offers a
deferred payment due date of September
15th. In addition, getting your tank filled early
gives you peace of mind that your tank is full
when that first cold snap hits. Please note:
FARMWARD INSIGHT 14 SPRING • 2021
Using Premium Diesel Fuel Pays
If you have been using standard diesel for years, you may be skeptical ab• Increase fuel lubricity by 10-15 percent
• Extend life of injectors/injector pumps
This process took Farmward a• little Reduce
over an downtime
hour to and maintenance
All Cenex costs
Premium Diesel Fuels, including Roadmaster
complete. • Improve start up with a high cetane XL® and level - Fieldmaster®, are formulated with this
Ruby
typical 47-49 special additive. We’re confident that no other diesel fuel
Using Premium Diesel Fuel Pays on the market contains a more complete, balanced and
If you have been using standard diesel for years, you may quality additive package.
be skeptical about whether “premium” fuels are worth
All Cenex Premium Diesel Fuels, including Roadmaster XL® and Ruby Fieldmaster®, are formulated with
the added cost. But consider this: over
this special time, your
additive. confident New
We’reengine’s that no DEF delivery
other diesel unit coming
fuel on sooncontains a more complete,
the market
fuel pump and injectors get dirty—a gradual, hard-to-
balanced and quality additive package. Keep an eye out for our new DEF delivery truck. It was
notice process that reduces both engine performance picked up in February and will be put together and ready
and fuel economy. Standard diesel fuel contains no to make deliveries by summer.
New DEF delivery unit coming soon
additives to reduce wear, extend storage life or reduce
Keep an eye out for our new DEF delivery truck. It was picked up in February and will be put together
Farmward carries DEF in 2.5-gallon jugs, 55-gallon drums,
the formation of gum, varnish, and corrosion. That is why
Farmward carries Cenex®and ready toDiesel
Premium make Fuels.
deliveries
Theyby summer.
330-gallon totes, and in true bulk. We will farm deliver
are specially formulated to help your equipment run more to 55-gallon drums and 330-gallon totes, as well as any
Farmward carries DEF in 2.5-gallon jugs,
efficiently with less downtime. 55-gallon
bigger tanks drums,
that you 330-gallon
may havetotes, and inJust
available. true remember,
bulk. We will
farm deliver to 55-gallon drums and 330-gallon if you are totes,
thinkingas about
well asadding
any bigger
DEFtanks thatyou
storage, youneed
may have
to
Cenex Premium Diesel Fuels available.
contain Just remember,
seven specialif you are thinking
use polyabout adding DEF
or stainless steelstorage, you is
only. DEF need
verytocorrosive
use poly orand
stainlessissues
additives to help prevent fouling steel only. DEF is very corrosive
– a problem and away
will eat will eat
at away at any carbon
any carbon steel, aluminum,
steel, aluminum, or brass.
or brass.
experienced in modernized diesel engines (2007 models
and newer) built to meet EPA Bulk emission
oil delivery standards. Newer Bulk oil delivery
engines operate under higher Allow Farmward to give you peace of Allow
temperatures and pressures mind andFarmward
keep yourto give you peace
operation runningof efficiently
mind and keep your
with our bulk oil
that can literally “cook” typical #2 diesel; this results in operation running efficiently with our bulk
delivery service. We offer a wide variety of high quality Cenex oils including, but not limited to: oil delivery
fouled fuel that recirculates in the fuel system, leading to service. We offer a wide variety of high quality Cenex oils
injector/filter problems, reduced efficiency, power
• Maxtron® Enviro-Edge® loss, including, but not limited to:
poor starting, costly repairs and even engine failures. • Maxtron® Enviro-Edge®
• Qwiklift®
Those additives include: • Qwiklift®
1) Demulsifier: to keep moisture AG5W20
• from entering the fuel • AG5W20
system by pushing it to the•bottom AG5W30 of the storage tank • AG5W30
2) Aggressive Detergents: to •clean Super Lube TMS®
the entire 15W40
fuel system • Super Lube TMS® 15W40
3) Injection Stabilization: to prevent diesel fuel from
cooking We also carry a wide variety
We alsomoving
4) Lubricity Improver: to prevent carry a wide
parts variety
from of packaged oils in 55-gallon
of packaged drums, 5-
oils in 55-gallon
excessive wear and failure drums, 5-gallon
gallon pails, 2.5-gallon cases and have a wide variety of greases pails, 2.5-gallon
in 120 lb., 40 lb., 35 lb., and 10 pack
5) Corrosion Inhibitors: to boxes.
protect fuel lines from rust and cases and have a wide variety of greases in 120 lb., 40 lb.,
corrosion 35 lb., and 10 pack boxes.
6) Storage Stabilizer: to extend
If you storage
are unsure lifeoflonger
whichthan If you
product is the rightarefor
unsure of which
your vehicle product is the
or equipment, weright
havefor your
a tool to help find
typical #2 diesel what you need for your make and model. vehicle or equipment, we have a tool to help find what
7) Cetane Improver: to improve start-up and to provide a you need for your make and model.
more complete burn forContact a Farmward
a cleaner Energy SpecialistContact
exhaust system to find out more information
a Farmward about our to
Energy Specialist bulk
findoilout
delivery
moreservices.
information about our bulk oil delivery services.
There are real bottom-line benefits when you use fuels
that have been enhanced to meet the needs of both Energy Update E-mail/Text List
Energy Update E-mail/Text
existing and new engine technologies. Compared to List To find out what is happening in
To find out what is happening
typical #2 diesel fuel, Cenex Premium Diesel Fuels: in the energy markets
the energy on amarkets
weekly basis, sign up
on a weekly
for the Farmward
• Improve fuel economy by as much Energy Update by contacting
as 5 percent one sign
basis, of our upEnergy
for theSales
Farmward
• Improve power Specialists
by up to 4.5 or percent
by going to farmward.net and clicking Energyon “Alert by
Update Register & Login”
contacting one
• Increase fuel lubricity by 10-15 percent of our Energy Sales
in the menu. After registration, a link to our Energy Update will be sent to you Specialists
• Extend life of injectors/injector pumpsand/or text with a summary
each Friday via e-mail or by of going
whattohappened
farmward.netin the
• Reduce downtime and maintenance costs and clicking on “Alert Register
energy markets that week, giving you the insight you need to help manage your
& Login” in the menu. After
• Improve start up with a high cetane level - typical 47-49
5 percent risk. registration, a link to our Energy
Update will be sent to you each
t Friday via e-mail and/or text with a
summary of what happened in the
osts energy markets that week, giving
vel - you the insight you need to help
manage your risk.
FARMWARD INSIGHT 15 SPRING • 2021
dmaster XL® and Ruby Fieldmaster®, are formulated withUNDERSTANDING LATE TERM
Understanding Late Term Nutritional Demands During
NUTRITIONAL DEMANDS DURING CALVING
Original article: Doering-Resch, Heidi, M.S. |“Feeding Cattle During Calving Time in The Mi
A-Feed E-News | February 25, 2021
Original article: Doering-Resch, Heidi, M.S. |“Feeding Cattle During Calving Time in The
Midwest”| Form-A-Feed E-News | February 25, 2021
Calving and lactation put different demands on our cow herd due to both physiological ch
Jeff Mikosch
demands onlactation
Calving and the cow, but
put also due
different to changes
demands incow
on our types of feed
herd due towe arephysiological
both providing them. The
Feed Department Manager things
changesthat
andcan impacton
demands calf
thevigor
cow,and
but aalso
lot due
of that is mineral
to changes and energy
in types of feeddependent.
we are Howe
providing them. There are many things that can impact calf vigor and a lot of that is
C: 320.894.8797 are not a one size fits most.
mineral and energy dependent. However, minerals are not a one size fits most.
jmikosch@farmward.net
AA cow’s
cow’s nutritional demandsstart
nutritional demands startto to increase
increase thethe
lastlast 60 days
60 days priorprior to calving
to calving (Figure 1) wi
(Figure
demands outdoing
1) with energy protein
demands demands
outdoing in the
protein last trimester.
demands in the lastHaving theHaving
trimester. appropriate
the amount
appropriateNutrients
Digestible amount of(TDN)
Total Digestible
during theNutrients
last 30 to(TDN) during
60 days onthe
feedlast 30help
will to 60both
daysthe
on cow pre
feed will help both the cow prepare for the labors of birth, as well as the calf to grow in
labors
utero atofthe
birth, as well as
appropriate theAlongside
pace. calf to grow the in utero at the
importance appropriate
of energy, pace. the
is supplying Alongside
right the i
energy,
amount ofis supplying theminerals
vitamins and right amount of vitamins
to support and
rapid fetal minerals
growth. to support
Without rapidtend
this, calves fetal grow
to be born less vigorous or with limited suckling response.
this, calves tend to be born less vigorous or with limited suckling response.
Figure 1. Nutrient requirements by month for protein and energy in a 1,200 lb.
Figure 1. Nutrient requirements by month for protein and energy in a 1,200 lb. mature c
mature cow
Looking a little closer at her vitamin/mineral needs, we can see that supplementing
different levels of vitamins and trace minerals is critical when fed with dry-harvested hay
Looking a little closer at her vitamin/mineral needs, we can see that supplementing differe
or crop sources; common to our midwestern diets. Preceding lactation and demands of
vitamins andlevels
fetal growth, trace of
minerals
calcium,ismagnesium,
critical when fed with dry-harvested
phosphorus, and potassiumhay or crop
needs sources; co
will also
midwestern diets. Preceding lactation and demands of fetal growth, levels of calcium, mag
increase. Vitamin A, D, and E increase due to both stress and reduced levels of those
nutrients delivered in harvested feedstuffs.
phosphorus, and potassium needs will also increase. Vitamin A, D, and E increase due to b
reduced levels
For healthy, of thosecalves,
productive nutrients delivered inofharvested
the importance colostrum feedstuffs.
intake within a few
hours, if not minutes of birth is key to their longevity in the replacement herd, or their
For healthy, productive
performance calves,
in the feedlot the importance
(See Figure of colostrum
2). Calves born intake within
to un-supplemented cowsa few hours, if n
have
shown to have higher death loss, lower breed backs in the herd, and lower performance
birth is key to their longevity in the replacement herd, or their performance in the feedlot
in the feedlot. The quality of colostrum is dependent on dam health, her nutritional status,
Calves
and herborn totoun-supplemented
ability cowsthrough
pass these antibodies, have shown to have
colostrum, higher
to her deathcalf.
newborn loss, lower breed
If she
herd, and condition,
is in good lower performance in themore
she will produce feedlot. The quality
colostrum of colostrum
and higher is dependent
concentrations of on dam
antibodies to pass to her calf.
nutritional status, and her ability to pass these antibodies, through colostrum, to her newb
she is in good condition, she will produce more colostrum and higher concentrations of an
pass to her calf. FARMWARD INSIGHT 16 SPRING • 2021Figure 2. Survival Rate vs. days alive when sufficient or
insufficient colostrum intake is received.
Percent Survival
National Dairy Heifer Replacement Project, USDA:APHIS:VS
When looking at the right late gestation and calving period mineral
lines, be sure to have your Farmward Feed Specialist help you
decide which mineral is best for your operation. Loose minerals
containing Rumensin® are a great way to capitalize on feed
utilization, help pay for your mineral line and keep coccidiosis at bay
but must be fed through a TMR.
Days of Age
Providing lic tubs while on winter calving ranges helps provide a palatable vitamin and trace mineral supplement
without worrying about loose mineral hardening up due to winter elements. Be sure they are complete mineral
supplements however as there are products on the market that only National
contain aDairy
smallHeifer Replacement
percentage of theProject,
animals USDA:APHIS
daily needs to reduce cost of product.
When looking at the right late gestation and calving perio
Lastly, when figuring your herds vitamin and trace mineral needs, beFeed sureSpecialist help you decide
to price products which
on a cost permineral
head is best for
Rumensin® are a great way to capitalize
per day. Intakes of certain minerals differ to meet the nutritional requirements of that animal and how they are on feed utilizatio
coccidiosis at bay but must be fed through
formulated by different companies. Just because a low-cost mineral is low cost per ton, or tub, does not mean, a TMR.
accounting for correct intake, that it is cheaper per head per day. Always ask what the price per head is.
Ask your Farmward Feed Specialist about the Form-A-Feed line-up ofProviding lic tubs while
beef products, on winter
including calvingMinerals
PowerPro ranges helps pro
and Form-A-Lic lic tubs. supplement without worrying about loose mineral harde
are complete mineral supplements however as there are
Optimizing your vaccine and dewormer investment small percentage of the animals daily needs to reduce co
Feeding cattle to a high plane of nutrition helps ensure vaccine and dewormer
Lastly, wheninvestments
figuring yourpay
herdsoff. Whenand trace minera
vitamin
cattle receive proper nutrition, the immune system will have energy to function
head per day.optimally
Intakes ofwhich
certaincan help the
minerals differ to meet th
effectiveness of vaccines and dewormers. We encourage you to consult your veterinarian to develop a health
how they are formulated by different companies. Just be
protocol tailored to your local challenges and needs. tub, does not mean, accounting for correct intake, that it
the price per head is.
Asking for 24-Hour Notice
As a reminder, Farmward would greatly appreciate your diligence in giving
Ask yourusFarmward
24-hour notice with your
Feed Specialist feedthe Form-A-Fee
about
orders. Lead time is so important in the efficiency of manufacturing and delivering
Minerals feed andlic
and Form-A-Lic it tubs.
allows us to serve
all of our customers better.
Asking for 24-Hour Notice
Thank you for your patience
As the frost comes out of the ground this spring, so comes load restrictions and we would like to thank you in
As a reminder,
advance for your patience and understanding in getting your feed delivered. Farmward
We know would greatly
how important it isappreciate
for you your d
feedstaff
to get your animals fed in a consistent and timely manner and our feed orders. Lead
takes time
a lot ofispride
so important
in makingin the
sureefficiency of
they serve you to the best of their ability. allows us to serve all of our customers better.
Thank you for your Patience
As the frost comes out of the ground this spring, so come
ACH DEPOSIT OF GRAIN SETTLEMENTS NOW AVAILABLE you in advance for your patience and understanding in ge
important it is for you to get your animals fed in a consist
a lot of pride in making sure they serve you to the best of
Farmward is now offering qualifying members the option to have grain settlements deposited directly to their checking
or savings account via ACH. This payment option will only be available to members who DO NOT have an active
lienholder on file.
In order to execute the ACH transaction, you will need to submit an authorization form with
bank information and a voided check. Authorization forms can be obtained by contacting Credit Manager, Carla
Hamre at 320-329-8377 or by going to our website at: https://farmward.net/fccpach-deposit-grain-settlements-20430
We will only issue funds via ACH when requested, similar to how grain checks are currently issued. Depending upon
your bank’s ACH policies, it may take 2 - 3 business days for funds to be visible in your account.
FARMWARD INSIGHT 17 SPRING • 2021You can also read
