May 14, 2020

Dear Stockholders,

Southern AgCredit continues to monitor the COVID-19 pandemic and adjust our operations to keep our customers and staff as safe as possible.  Our branches continue to remain closed to public, however we are open for business and to serve our customer-owners as team members continue to work remotely.

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 www.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 800-499-5742.

Our Annual Stockholder Meeting is postponed until further notice.

We will continue to provide updates on our website regarding the reopening of our branches.   Thank you for your continued trust in Southern AgCredit as we work to finance life outside the city limits.

Phillip D. Morgan
Chief Executive Officer