May 1, 2020

Dear Stockholders,

The last month has been a test of resolve for many of us. At Southern AgCredit, we’ve been supporting agriculture and our rural communities for over 100 years and that commitment does not change even during the most difficult of times. In support of our stockholders whose operations have been negatively impacted by COVID-19, we have the following relief options available:

• Payment deferrals
• Short-term lines of credit
• Loan restructures
• Waived fees for late payments
• Extending the terms of loan repayments
• Easing loan documentation or credit-extension terms for new loans

If your operations have been negatively impacted by COVID-19 and you want to request relief, we encourage you to reach out to your loan officer. Please keep in mind that all terms of your loan agreement remain unchanged until a formal request is received, required information is provided, an option is approved and processed to completion.

As a reminder, you can access your accounts and services online, by using Ag Banking Online. To enroll, visit southernagcredit.com/enroll. You can download our Mobile Banking App by searching for Southern AgCredit in your mobile device’s app store. We know how critical the online tools are as we help our customers maintain their businesses. If you need assistance with these tools, have questions, or would like support from our team, please contact us by calling your local branch or by calling our customer service line at 800-449-5742.

Our Annual Stockholder Meeting is postponed until further notice due to the safer at home and shelter in place orders for the states of Mississippi and Louisiana.

We hope you are safe and well. Thank you for your continued trust in Southern AgCredit.

Phillip D. Morgan

Chief Executive Officer