COVID-19 and Hurricane Relief Assistance Update 10.28.20

Posted on Oct 28, 2020 by Lylla Joe

Dear Customer-owners,

Southern AgCredit continues to monitor the COVID-19 pandemic as well as the damage caused from several hurricanes that have swept through Mississippi and Louisiana. We continue to provide relief for our customer-owners who were negatively impacted by the pandemic or the storms. 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

Contact Your Loan Officer to Request Relief

If your operations have been negatively impacted by COVID-19 or recent hurricanes 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.

Download Southern AgCredit’s Ag Banking Mobile App

You can download our Mobile Banking App on Google Play or the App Store below. We know how critical these online tools are as we help our customers maintain their businesses.

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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.

Although our branches are fully staffed, we continue to remain closed to the public. Thank you for your business, your commitment to agriculture and your trust in Southern AgCredit.

Phillip D. Morgan
Chief Executive Officer

Southern AgCredit Gives Back to Hurricane Sally Victims

Posted on Oct 28, 2020 by Lylla Joe

Pictured above are Feeding the Gulf Coast’s volunteers and staff assisting in food distribution for Hurricane Sally victims.

Southern AgCredit recently donated $3,000 to Feeding the Gulf Coast to assist in providing food for Hurricane Sally victims. Feeding the Gulf Coast is a Feeding America affiliated food bank serving 24-counties throughout south Alabama, south Mississippi, and the Florida Panhandle.

“The need was already overwhelming responding to COVID-19 relief, and now the aftermath of Sally is sending us a whole new population of people in our community who need help.”
Cindy Bloom, Director of Operations, Feeding the Gulf Coast

“We are grateful for the generosity from Southern AgCredit in support of our disaster relief efforts. This $3,000 donation will help provide essential food, water, and emergency resources for individuals and families as they recover and rebuild,” said Cyndy Baggett Vice President of Development and Marketing.

Southern AgCredit Participates in Farm Credit’s HBCU Career and Internship Fair

Posted on Oct 27, 2020 by Lylla Joe

Farm Credit is a mission-driven system of cooperative lending institutions. Supporting people of color in agriculture and rural communities is an integral part of our mission.

The Importance of Diversity in Agriculture

We believe in the future of American agriculture. A diverse set of voices is a critical part of that future. There are a unique set of careers available in the Farm Credit system. Therefore, we are consistently looking for opportunities to recruit talented, young professionals of all identities, to join us in accomplishing our mission.

Virtual HBCU Career Fair on October 29, 2020

On Thursday, October 29, 2020, at 2:00 p.m. – 4:00 p.m. ET, Farm Credit will host its first Historically Black Colleges and Universities (HBCUs) Career and Internship Fair. HBCUs are home to a vast talent pool, and Farm Credit hopes to attract HBCU students to explore employment and internship opportunities at our institutions.

Stipends for New Graduates

Farm Credit will award any HBCU student or recent graduate hired to intern at Farm Credit a $3,500 Launching Leaders Stipend in addition to their wage.

Please note this is a virtual event. Southern AgCredit will have a booth at this event, and we look forward to speaking to all participants.

An Investment in Quality Cattle

Posted on Oct 27, 2020 by Lylla Joe

Homewood Cattle Company was founded by two brothers, Sean and Ian Ferrell, originally from Union, Mississippi. Sean is the Scott County Manager for Farm Bureau and married to his wife, Heather, who handles the books for Homewood Cattle Company. Ian is a directional driller for Halliburton and is engaged to Jessica Holmes. The brothers are ﬁrst-generation cattle farmers.

In 2011, Sean moved to Scott County to begin work with Farm Bureau. Sean and Ian purchased three Charolais heifers from Mr. Larry Addkison of Louisville, Mississippi. Sean knew there were not many other local breeders of this type of cattle in Scott County, so he quickly saw this as a great business opportunity, thus the beginning of Homewood Cattle Company.

“Mr. Larry made a huge impact on our lives, and he is our biggest mentor in the cattle business. We wouldn’t be where we are today without him,” said Sean. Since 2011, they have grown their herd size from three head to the current herd size of 60 brood cows.

Technological Innovation and Livestock

“We got into farming to get away from the fast-paced life,” said Sean. However, the deeper they got into farming and researching ways to directly impact their bottom line, the more they realized just how important technology is to proﬁt margins.

“If you’re not using the latest and greatest technologies available,” Sean added, “you are going to leave proﬁts on the table.”

Homewood Cattle Company uses various types of technologies to collect, manage and chart data on the herd. Data collected allows them to highlight projections on quality genetics and prove quality breeds. They also use herd management software to track measurements on each cow, which they can access from the touch of their iPhone.

“I can be sitting anywhere in the world and pull up a speciﬁc cow in our herd, and I can tell a potential buyer not only what the cow weighed at birth but also the characteristics about the cow’s parents’ EPDs (expected progeny differences) and even show them every time I gave that cow any type of medical treatments such as shots and vaccinations,” explained Sean.

The company has plans to add other types of technology to enhance their business operations which, they believe, will continue to set them apart from competition.

“If we are going to charge a premium price, we know we better have the data to back it up and justify the cost,” commented Ian.

The goal of Homewood Cattle Company is to sell quality purebred bulls to improve someone else’s herd. To accomplish this, data collection and information integrity are vital. According to Sean, their focus has always been on quality over quantity.

“We want to have a good product. When people see the Homewood Cattle Company, they will know they can trust it.”

The Ferrell brothers also attribute some of their successes to the persistence of maintaining personal contacts within the industry, such as sponsoring Cattlemen’s Association dinners and other events, as well as educating potential buyers on the advantages of using a Charolais herd sire. They are proud of the fact that up to 90% of their buyers are from word-of-mouth referrals, personal contacts and existing relationships from other cattlemen. According to Sean, “the most rewarding part of what we do is to see repeat customers who feel like Homewood Cattle Company has made a difference in their family’s bottom line.”

Their parents, Stephania and Neel Ferrell, managed Ferrell and Company, a local co-op in Union, from 1976 and worked there until their retirement in 2015. Watching their parents work tirelessly at the co-op inspired the brothers to dream of one day starting their own business. Now that the day is here, Sean and Ian hope Homewood Cattle Company continues growing into a thriving cattle business so that they can eventually pass the farm down to their children.

Southern AgCredit is the Easy Choice for Livestock Business Loans

Selecting a lender was an easy choice for the Ferrells. They chose Southern AgCredit because they believe it has the same goals as Homewood Cattle Company, which is supporting local communities in rural Mississippi.

“Southern AgCredit has great loan products to help us meet our needs, and those products were introduced to us by a great friend,” said Sean, referring to their Southern AgCredit loan ofﬁcer, Kevin Brown, who grew up in the same community as Sean and Ian.

“Kevin is a local guy and he knows rural Mississippi. We found it was easy to work with him because he understands us and our business,” added Sean.

The Ferrell brothers both agree they view Southern AgCredit as a partner and are excited to see this partnership grow.

Homewood Cattle Company has been a Southern AgCredit member since August 2019.

Livestock Loans with Southern AgCredit

To learn more about our lending products, visit our livestock loans or contact Southern AgCredit directly.

A Lender That Understands Every Aspect of Farming

Posted on Oct 07, 2020 by Lylla Joe

Southern AgCredit Promotes Associate in Gulfport Branch Office

Posted on Sep 22, 2020 by Lylla Joe

RIDGELAND, Miss. – Southern AgCredit recently promoted Beth Sones to senior loan administrator. She works in the lending cooperative’s branch office in Gulfport, Mississippi.

Sones holds a bachelor’s degree in business administration from the University of Southern Mississippi. She joined Southern AgCredit in March 2017 as a loan administrator. The Picayune, Mississippi, native resides in Gulfport with her husband, Cory.

“Beth’s experience and professionalism make her a valuable member of our team,” said Phillip Morgan, Southern AgCredit chief executive officer. “As a loan administrator, she helps make the lending process smooth and efficient for our customers.”

Southern AgCredit is a full-service co-op lender that specializes in financing rural land and agricultural operations in Mississippi and Louisiana. It is a member of the Farm Credit System, the nation’s largest source of loans for agriculture, agribusiness, rural real estate and country homes. For more information, visit southernagcredit.com.

Southern AgCredit Hires New Staff Members in Gulfport and Hattiesburg Branch Offices

Posted on Sep 18, 2020 by Lylla Joe

RIDGELAND, Miss. – Southern AgCredit recently hired new staff members for two branch offices in South Mississippi.

Mallory Whitfield joined the rural lending cooperative as a loan administrator in its Gulfport branch office. Whitfield earned a bachelor’s degree in accounting from the University of Southern Mississippi. She was employed at PJ’s Coffee for seven years prior to joining Southern AgCredit. She is engaged to Evan Kellar, an independent insurance agent in Picayune, Mississippi.

Destin Dickinson was hired as a loan administrator in the Hattiesburg branch office. Dickinson has 12 years of banking experience, most recently as a commercial lending assistant. She resides in Petal, Mississippi, with her husband, Bo, and their three sons.

We make the loan process as efficient and easy for customers as we can. As loan administrators, Mallory and Destin play a key role in their branch offices.
Phillip Morgan, Southern AgCredit Chief Executive Officer

Southern AgCredit is a full-service lender that specializes in financing rural land and agricultural operations in Mississippi and Louisiana. It is a member of the Farm Credit System, a nationwide network of lending cooperatives that finance agriculture, agribusiness, rural real estate and country homes.

COVID-19, Hurricane Laura and Hurricane Sally Update 9.18.20

Posted on Sep 18, 2020 by Lylla Joe

Dear Stockholders,

Southern AgCredit continues to monitor the COVID-19 pandemic as well as the aftermath of Hurricane Laura and Hurricane Sally. We also continue to provide relief for our customer-owners who were negatively impacted by the pandemic or the storms. 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

Contact Your Loan Officer to Request Relief

If your operations have been negatively impacted by COVID-19, Hurricane Laura or Hurricane Sally 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.

Download Southern AgCredit’s Ag Banking Mobile App

You can download our Mobile Banking App on Google Play or the App Store below. We know how critical these 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.

Although our branches are fully staffed, we continue to remain closed to the public. Thank you for your business and your continue trust in Southern AgCredit.

Phillip D. Morgan
Chief Executive Officer

Hurricane Sally 9.15.20

Posted on Sep 15, 2020 by Lylla Joe

Dear Stockholders,

Southern AgCredit continues to monitor the path of Hurricane Sally. Our Gulfport, MS office will be closed September 15th and 16th however these staff members will be working remotely and can handle any requests that you may have.

Gulfport branch email: smsgulfport@southernagcredit.com

Regardless of the location, our team remains committed to supporting our customer-owners.

As a reminder, you can access your accounts and services online by using Ag Banking Online. To enroll, visit southernagcredit.com/enroll.

Download our Mobile Banking Apps. You can download our Mobile Banking App by on Google Play or the App Store below. 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.

We stand ready to provide relief options should your operations have a negative impact due to Hurricane Sally. 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 are negatively impacted by the storm 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.

We will continue to monitor this storm and will update our website with any changes. Our thoughts and prayers are with all the ones in the path of Hurricane Sally.

Phillip D. Morgan
Chief Executive Officer

Directors Allen, Boykin and Hall Reelected to Southern AgCredit Board

Posted on Sep 10, 2020 by Lylla Joe

RIDGELAND, Miss. — Stockholders of Southern AgCredit recently reelected Reggie Allen of Brookhaven, Mississippi, Lonnie “Gene” Boykin of Rolling Fork, Mississippi, and Thomas C. “T.C.” Hall of Gloster, Louisiana, to the lending cooperative’s board of directors. Each will serve a three-year term.

As a cooperative, Southern AgCredit is owned by the same farmers, agribusiness and rural homeowners we serve. Our customer-owners directly participate in the governance of the association by electing directors to our board.
Phillip Morgan, CEO of Southern AgCredit

Allen, Boykin, and Hall also are customer-owners, and are elected to represent regions in the cooperative’s territory.

Allen, a timber and cattle farmer, was first elected to the board in 2013.

Boykin, a timber, soybean and corn farmer, was first elected to the board in 2014.

Hall is a timber and cattle farmer. He is former board chairman of Louisiana AgCredit, which merged with Southern AgCredit in 2010.

The other members of the board are Scott Bell of Lena, Mississippi; John “Van” Bennett of Spearsville, Louisiana; Steve Dockens of Ocean Springs, Mississippi; Allen Eubanks of Lucedale, Mississippi; Larry W. Killebrew of Lexington, Mississippi; Kevin Rhodes of Pelahatchie, Mississippi; and Linda Staniszewski of Hattiesburg, Mississippi.

Five customer-owners served on the Southern AgCredit Nominating Committee, which selects candidates for the annual board elections. The 2020 committee included Tim Clements, Delta Region; Alan Ezelle, Central Region; Chris Stockman, Southern Region; James Marsalis (deceased), Louisiana Region; and J. Blake McCartney, Louisiana Region.

Southern AgCredit is a full-service cooperative lender that specializes in financing rural land and agricultural operations in Mississippi and Louisiana. It is a member of the Farm Credit System, a nationwide network of lending cooperatives that finance agriculture, agribusiness, rural real estate and country homes. For more information, visit southernagcredit.com.

Rural Lending Co-Op Hires Two New Employees

Posted on Sep 02, 2020 by Lylla Joe

RIDGELAND, Miss. – Southern AgCredit recently hired Lexi Wade Johnson in its Ruston, Louisiana, office and Adam Lowman in its Ridgeland, Mississippi, administrative office.

Johnson, a loan administrator, is a Louisiana Tech University graduate. She worked as a mortgage loan assistant at Century Next Bank prior to joining Southern AgCredit.

She resides in Ruston with her husband, Tristan, who is in the U.S. Marines.

Lowman, an IT operations analyst, is a Virginia College graduate. He has over 19 years’ experience in IT-related roles, including stints at Baptist Health Systems and Conduent.

He resides in Brandon, Mississippi, with his wife, Lara, and their two sons.

“Lexi and Adam are great additions to our team,” said Phillip Morgan, Southern AgCredit chief executive officer. “Their experience in lending and technology will help us bring more value to our customers.”

Southern AgCredit is a full-service lending cooperative that specializes in financing rural land and agricultural operations in Mississippi and Louisiana. It is a member of the nationwide Farm Credit System, the single largest source of loans for agriculture, agribusiness, rural real estate and country homes.

2020 Annual Stockholders’ Meeting

Posted on Jul 20, 2020 by Lylla Joe

You are cordially invited to attend the 2020 Annual Stockholders’ Meeting of Southern AgCredit which will be held:

Tuesday, July 28th, 2020
Embassy Suites
200 Township Place
Ridgeland, MS 39157
Registration: 1:30 p.m. – 2:00 p.m.
Business Meeting: 2:00 p.m. – 3:00 p.m.

Meeting Agenda

The business session agenda for the meeting will include the following:

Approval of the minutes of the 2019 Annual Stockholders’ Meeting
Board of Directors’ Report to Stockholders
Review of Corporate and Financial Operations
Report of the Nominating Committee
Open Forum for Other Business

RSVP

Please call us toll free at (800) 449-5742 by Friday, July 24, 2020 and let us know if you will be able to attend.

Face masks and social distancing are required during registration as well as the business meeting.

Southern AgCredit Promotes Associate

Posted on Jul 10, 2020 by Lylla Joe

Pam Vitteck Promoted to Senior Loan Closer

RIDGELAND, Miss. – Southern AgCredit recently promoted Pam Vitteck to senior loan closer.

Vitteck holds a bachelor’s degree from the University of Southern Mississippi and a Master of Business Management from the University of Maryland Global Campus. She is also a proud veteran of the U.S. Navy. Vitteck joined Southern AgCredit in 2013 as a loan administrator.

“Pam has done an excellent job serving local customers at our Gulfport office. In her new role, she’ll also assist customers all across our territory.”
Phillip Morgan, CEO, Southern AgCredit

Southern AgCredit Promotes Three Associates Within the Co-op

Posted on Jun 01, 2020 by Lylla Joe

RIDGELAND, Miss. – Southern AgCredit recently promoted three employees.

Amanda Hudson

Amanda Hudson was promoted to vice president of operations in the Ridgeland administrative office. Hudson holds a bachelor’s degree and a Master of Agribusiness Management from Mississippi State University. She is also a graduate of the inaugural class of the Thad Cochran Agricultural Leadership Program. Hudson joined Southern AgCredit in 2006 as a loan officer.

Phyllis Weathers

Phyllis Weathers was promoted to vice president of loan operations in the Ridgeland administrative office. She graduated from Delta State University with bachelor’s and master’s degrees in business administration. Prior to joining Southern AgCredit in 2008 as a loan administrator, Weathers worked in lending at Regions Bank for over 15 years.

Wesley Head

Wesley Head was promoted to vice president of technology in the Ridgeland administrative office. Head graduated magna cum laude from Mississippi State University. Prior to joining the lending co-op, he owned and operated his family’s technology company, Head Technology Group Inc. He joined Southern AgCredit in 2019 as an information technology specialist.

“We have a very talented team here at Southern AgCredit, and we are pleased to recognize these three individuals with promotions. These employees each exhibit an excellent worth ethic and dedication to our organization’s success, as well as the success of our customer-owners.”
Phillip Morgan, CEO of Southern AgCredit

Southern AgCredit is a full-service co-op lender that specializes in financing rural land and agricultural operations in Mississippi and Louisiana. It is a member of the nationwide Farm Credit System, the nation’s largest source of loans for agriculture, agribusiness, rural real estate, and country homes. For more information, visit southernagcredit.com.

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USDA Announces Details of Direct Assistance to Farmers through the Coronavirus Food Assistance Program

Posted on May 20, 2020 by Lylla Joe

Are you a farmer or rancher whose operation has been directly impacted by the coronavirus pandemic? The Coronavirus Food Assistance Program will provide direct relief to producers who faced price declines and additional marketing costs due to COVID-19.

Click here for more information for the USDA’s Food Assistance Program.

COVID-19 Update 5.14.20

Posted on May 14, 2020 by Lylla Joe

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

Southern AgCredit Borrower Butch Sensley Featured on Farm Credit Council Webinar

Posted on May 08, 2020 by Lylla Joe

Southern AgCredit borrower Butch Sensley was recently featured on the Farm Credit Council webinar titled “From the Farm Gate: COVID-19 Impacts on Livestock Producers.” Butch Sensley, owner of Sensley Farms, is a poultry producer from Farmerville, Louisiana.

Congratulations to our 2020 Scholarship Recipients!

Posted on May 07, 2020 by Lylla Joe

$2500 – Jimmie Dick Carter scholarship
Ava Fratesi
Leland, Mississippi
Mississippi State University

$2500 – Emery Skelton scholarship
Mary Grace Hobart
Hollandale, Mississippi
Mississippi State University

$1000 – scholarship recipients

Amis Wyatt McMillan
Biloxi, Mississippi
Mississippi State University

Anna Swayze Hollingsworth
Glen Allan, Mississippi
Mississippi State University

Ashleigh Hughes
Benton, Louisiana
Louisiana Tech University

Ashley Hight
Elm Grove, Louisiana
University of Alabama

Ashlynn Gautreau
Tylertown, Mississippi
Southwest Mississippi Community College

Brandon Scott Hunter
Glen Allan, Mississippi
Mississippi State University

Christopher Reed
Brandon, Mississippi
University of Southern Mississippi

Emily Ann Rigney
Waynesboro, Mississippi
Pearl River Community College

Ireland Null
Hattiesburg, Mississippi
Mississippi State University

Isabelle Millwood
Leland, Mississippi
University of Mississippi

James Armstrong Neill, III
McCarley, Mississippi
Mississippi State University

James Roberts
Belzoni, Mississippi
Mississippi State University/Mississippi Delta Community College

Jillian Roberts
Belzoni, Mississippi
Delta State University

John Latham Hill
Winona, Mississippi
Northwest Mississippi Community College

Jordan Hayes Middleton
Glen Allan, Mississippi
Mississippi State University

Julia Null
Hattiesburg, Mississippi
Mississippi State University

Katelynn Gipson
Decatur, Mississippi
University of Mississippi/ East Mississippi Community College

Katie Barnes
Decatur, Mississippi
Mississippi State University

Madison Henderson
Richton, Mississippi
University of Southern Mississippi

Mary Grayson Martin
Rolling Fork, Mississippi
Pearl River Community College

Maury Danielle McClellan
Belzoni, Mississippi
East Mississippi Community College

Reagan Presley Wooldridge
Grenada, Mississippi
University of Mississippi

Reed Roberts
Winona, Mississippi
Mississippi State University/Mississippi Delta Community College

Sabra Maria Hubbard
Mt. Olive, Mississippi
Mississippi State University/Copiah Lincoln Community College

Thomas Christopher Barr
Glen Allan, Mississippi
Mississippi State University

Southern AgCredit COVID-19 Relief Options

Posted on May 01, 2020 by Lylla Joe

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

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

COVID-19 and Severe Weather Relief Options

Posted on Apr 21, 2020 by Lylla Joe

April 21, 2020

To our customer-owners,

As we enter another week of social distancing and shelter-in-place practices in Mississippi and Louisiana, we want to assure you that our borrower-owners remain top of mind. Our team is committed to providing you with the customer service and financial assistance that you deserve. In this ever-changing environment, please know that our commitment to serve agriculture and rural communities remains constant.

We know that some of our borrowers have been adversely impacted by COVID-19 and/or the vicious storms that have blown through our area. We have the following relief options available if you have been negatively affected:

Waived fees for late payments: Waivers including any penalty interest assessments and late fees. Loan or billed principal and interest will not be waived.
COVID-19 & Severe Weather Payment Deferral Program: Allows borrowers to defer installments over a 90-day period for a total of six months.
Farm Freedom Line of Credit: Allows for a short-term, unsecured line of credit to eligible borrowers up to $25,000 to be used for household expenses, rents, other debt obligations and any other needs that will aid in the reduction of stress and anxiety during these volatile times.
Term/Maturity Extension (for existing cattle, poultry and operating loans only): Allows 90-day extensions of the terms of loan installments and/or maturities of loans.
Loan Reamortization/Refinance (under certain situations): Allows reamortizations and refinances to alleviate the strain of debt service caused by COVID-19 and the recent severe weather events.
Easing some loan documentation or credit-extension terms for new loans to certain borrowers: Allows any of the above options to be processed with minimal servicing documentation consisting of a Deferral/Extension agreement executed by the borrower and action completed by the loan officer.

We encourage you to reach out to your loan officer to discuss your changing financial needs and options above so that we can determine the best response and provide necessary support. See our relief options.

We will continue to monitor public health concerns and economic climate to adjust our delivery of services accordingly. While our branches may be closed to the public, our staff is dedicated to serving you remotely and our loan officers continue to meet with borrowers either by phone or by appointment if needed. See a list of our branch locations.

As a reminder, you can access your accounts and services online, by using Ag Banking Online. If you do not have an online account, you can enroll online. You can download our Mobile Banking App by searching for Southern AgCredit in your mobile device’s app store. We are also happy to assist you via email or phone.

We will continue to post updates regarding COVID-19 to our website.

Thank you for your continued trust in Southern AgCredit.

Phillip D. Morgan

Chief Executive Officer
Southern AgCredit

COVID-19 Relief Options

Posted on Apr 14, 2020 by Lylla Joe

April 14, 2020

To our customer-owners,

Our mission is to serve agriculture and rural communities, and our commitment to this mission does not waiver even during the most challenging times. We understand the difficulties of a disaster or even a pandemic, and we are always prepared to provide assistance. In support of our stockholders whose operations have been negatively impacted by coronavirus (COVID-19) and the severe weather encountered on April 12, 2020, 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

We encourage you to reach out to your loan officer to discuss your changing financial needs and the options above so that we can determine the best response and provide the necessary support. See our Disaster Relief options.

We will continue to monitor public health concerns and economic conditions to adjust our delivery of services accordingly. While our branches may be closed to the public, our staff is dedicated to serving you remotely and our loan officers continue to meet with borrowers either by phone or appointment if needed. See our branch locations.

As a reminder, you can access your accounts and services online, by using Ag Banking Online. If you don’t have an online account, you can enroll online. You can download our Mobile Banking App by searching for Southern AgCredit in your mobile device’s app store. We are also available to assist you via email or phone.

We will continue to post updates regarding COVID-19 to our website.

Thank you for your continued trust in us as we fulfill our mission to provide financial solutions for agriculture and rural life.

Phillip D. Morgan

Chief Executive Officer
Southern AgCredit

Southern AgCredit Stockholders Annual Meeting – POSTPONED

Posted on Apr 14, 2020 by Lylla Joe

Southern AgCredit will postpone our Stockholders Annual Meeting until further notice due to COVID-19 and the States of Mississippi and Louisiana shelter-in-place orders.

COVID-19 Update

Posted on Apr 09, 2020 by Lylla Joe

April 9, 2020

Southern AgCredit has been serving our stockholders for over 100 years, and we remain fully committed to meeting your agricultural and rural financial needs during this challenging time.

To ensure the continuity of our day-to-day operations, we are taking additional steps to prevent the spread of COVID-19 and to protect the health and well-being of our employees, customers and the communities we serve. This includes having more of our teammates work remotely and making greater use of technology while serving customers and closing loans. Rest assured, our entire team is working daily to continue with the customer service for which you are accustomed.

We wanted to remind you of resources that are available for you to receive funding or make payments remotely:

Online Banking: Connect with your accounts 24 hours a day, 7 days a week. With Ag Banking Online you can view your loan balances, payment history, and interest paid. You can also set up automatic payments and e-statements, request draws, and send messages to our support team. Learn more: southernagcredit.com/enroll
Mobile Banking App: Download our mobile app to help manage your account anytime and anywhere from your mobile device or tablet. You can find the Southern AgCredit app in your mobile device’s app store.
Phone and Email: We are happy to assist you remotely via email or phone. You can find the contact information for your local branch here: southernagcredit.com/locations

Although our offices are closed to the public, our team members remain committed to supporting you and will meet with customers by appointment when necessary. You may call your local branch to set up an appointment with one of our team members.

We will continue to actively monitor developments and follow guidance from health officials to prioritize the health and well-being of our employees, our communities, and our customer-owners in every interaction.

We will observe Good Friday on April 10^th where all branches will be closed. Happy Easter and stay safe!

Sincerely,

Phillip D. Morgan
Chief Executive Officer

Southern AgCredit continued response to coronavirus (COVID-19)

Posted on Mar 23, 2020 by Lylla Joe

At Southern AgCredit, we are continuing to monitor the coronavirus (COVID-19). We want to ensure you that we remain open for business and meeting the needs of our customer-owners. To protect the safety of our staff, many are working remotely, making use of technology and guaranteeing that we continue operation during this uncommon circumstance.

At this time, our branches will be closed to walk in visitors to limit your and our possible exposure to the coronavirus. We would like to remind you of ways that you can connect with us, receive funding and make payments remotely.

Online Banking: connect with your accounts 24 hours a day, 7 days a week. With Ag Banking Online you can view your loan balances, payment history, and interest paid. You can also set up automatic payments and e-statements, request draws, and send messages to our support team. Learn more: southernagcredit.com/enroll
Mobile Banking App: download our mobile app to help manage your account anytime and anywhere from your mobile device or tablet. You can find the Southern AgCredit app in your mobile device’s app store.
Phone and Email: We are happy to assist you remotely via email or phone. You can find the contact information for your local branch here: southernagcredit.com/locations.

For more information about COVID-19, please visit the CDC website.

Click here for information on Disaster / Pandemic Relief options.

We will continue to monitor the situation closely and will post information as changes occur. We remain committed to you and to financing life outside the city limits!

Sincerely,

Phillip D. Morgan
Chief Executive Officer

SOUTHERN AGCREDIT BRANCH EMAIL ADDRESSES

Branch	Email Address
Ridgeland / Corporate	smsridgeland@southernagcredit.com
Brookhaven	smsbrookhaven@southernagcredit.com
Greenville	smsgreenville@southernagcredit.com
Greenwood	smsgreenwood@southernagcredit.com
Gulfport	smsgulfport@southernagcredit.com
Hattiesburg	smshattiesburg@southernagcredit.com
Newton	smsnewton@southernagcredit.com
Ruston	smsruston@southernagcredit.com
Shreveport	smsshreveport@southernagcredit.com

Southern AgCredit Response to Coronavirus (COVID-19)

Posted on Mar 16, 2020 by Lylla Joe

At Southern AgCredit, we place the highest priority on the safety of our borrowers and employees. In this time of uncertainty, we want to let you know that we are continually and proactively monitoring the coronavirus and taking any action needed based on guidance from public health officials. We strive to maintain a safe work environment for our employees and to have the ability to address any concerns you might have. The following information is to notify you about the resources Southern AgCredit has available that will allow you to receive funding and make payments remotely.

Online Banking: connect with your accounts 24 hours a day, 7 days a week. With Ag Banking Online you can view your loan balances, payment history, and interest paid. You can also set up automatic payments and e-statements, request draws, and send messages to our support team. Learn more: southernagcredit.com/enroll
Mobile Banking App: download our mobile app to help manage your account anytime and anywhere from your mobile device or tablet. You can find the Southern AgCredit app in your mobile device’s app store.
Phone and Email: We are happy to assist you remotely via email or phone. All branch email addresses are listed at the bottom of this letter. You can find other contact information for your local branch here: southernagcredit.com/locations

As of Thursday, March 19, all Southern AgCredit branches are closed to walk in traffic.

Southern AgCredit has a detailed Business Continuity Plan that allows us to continue operation during uncommon circumstances such as this pandemic. Our employees are implementing and following this Plan while taking all appropriate precautions.

Additionally, all customer appreciation events are cancelled until further notice.

For more information about COVID-19, please visit the CDC website at cdc.gov.

Click here for information on Disaster / Pandemic Relief options.

We want to thank you for being the best part of Southern AgCredit. We want you to know you can count on us in times like this. We remain committed to you and to financing life outside the city limits!

Sincerely,

Phillip D. Morgan
Chief Executive Officer
Southern AgCredit

SOUTHERN AGCREDIT BRANCH EMAIL ADDRESSES

Branch	Email Address
Ridgeland / Corporate	smsridgeland@southernagcredit.com
Brookhaven	smsbrookhaven@southernagcredit.com
Greenville	smsgreenville@southernagcredit.com
Greenwood	smsgreenwood@southernagcredit.com
Gulfport	smsgulfport@southernagcredit.com
Hattiesburg	smshattiesburg@southernagcredit.com
Newton	smsnewton@southernagcredit.com
Ruston	smsruston@southernagcredit.com
Shreveport	smsshreveport@southernagcredit.com

Coronavirus Alert

Posted on Mar 13, 2020 by Lylla Joe

It is our greatest priority to protect the health and safety of our borrowers and employees. Although our employees are taking all appropriate precautions, we would like to encourage our customers to consider contacting their local branches through email or by phone rather than visiting in person simply to limit any possible exposure to the coronavirus.

You can find the contact information for your local branch or you can contact us at our corporate office at 601-499-2820. We are here to serve you and will maintain the same level of service to which you are accustomed.

Thank you.

Southern AgCredit Returns Record Cash Patronage to Customers

Posted on Mar 03, 2020 by Lylla Joe

RIDGELAND, Miss – The board of directors of Southern AgCredit, a rural lending cooperative, recently declared a $19.7 million patronage on its 2019 earnings. It returned a record $10.1 million in cash to its customer-owners in late-February. The co-op allocated the remaining $9.6 million to customers for future distribution.

“Our strong performance in 2019 drove the largest cash patronage in our history,” Kevin Rhodes, Southern AgCredit board chair said. “This year’s distribution will increase the total amount of patronage we have declared on behalf of our member-borrowers since 1995 to more than $179 million.”

The customer-owned cooperative returns surplus earnings to borrowers after it has met its needs for a strong capital base. The cash patronage returned to customers effectively reduces the interest rate paid by each borrower.

“When we’re successful, our customers benefit – that’s an important benefit of working with a co-op,” Rhodes said.

Southern AgCredit is a full-service co-op lender that specializes in financing rural land and agricultural operations in Mississippi and Louisiana. It is a member of the nationwide Farm Credit System, the nation’s largest source of loans for agriculture, agribusiness, rural real estate and country homes. For more information, visit SouthernAgCredit.com. rural lending cooperative.

Financial results discussed here are preliminary and unaudited. Please visit SouthernAgCredit.com this spring to see our complete results.

Southern AgCredit Supports Record-Breaking Dixie National Sale

Posted on Feb 24, 2020 by Lylla Joe

Pictured above: Montgomery 4-H member Avery Wood holds her Champion Division 1 lamb, assisted by fellow 4-H’er Mary-Hayden Blaylock, at the Dixie National Junior Round-Up Sale of Champions. The lamb was purchased by Southern AgCredit, Kirk Auto Group, Fancher Cattle Co. and Alliance Ag Risk Management. Representing Southern AgCredit are Elliott Fancher, left, Greenwood branch manager, and Phillip Morgan, chief executive officer.

Dixie National Junior Round-Up Livestock Show

RIDGELAND, Miss. – Southern AgCredit participated in the purchase of several animals at the 2020 Sale of Champions at the Dixie National Junior Round-Up Livestock Show on Feb. 6, helping to celebrate the sale’s 51st year.

More than 1,600 4-H and FFA members from across Mississippi competed in this year’s Dixie National Junior Round-Up Livestock Show. They showed 2,211 head of livestock, including pigs, sheep, cattle and goats. Of these entries, 46 animals were sold, and 37 scholarships were awarded.

Southern AgCredit partnered with other organizations to purchase five champions:

Mississippi Bred Reserve Champion Barrow, owned by Anna Beth and Aimry Blackwell, Raleigh FFA
Mississippi Bred Reserve Grand Champion Lamb, owned by Sidney and Tripp McGee, Newton 4-H
Champion American Steer, owned by Kylie Roberts, Smith 4-H
Reserve Champion English Steer, owned by Ayden and Paxton Wolken, Simpson 4-H
Champion Division 1 Lamb, owned by Avery Wood, Montgomery 4-H

Southern AgCredit also donated to the scholarship fund.

“In recognition of the hard work and perseverance it takes to get to the Dixie National Junior Round-up, Southern AgCredit is pleased to once again support the Sale of Champions and the scholarship fund. We commend every 4-H and FFA exhibitor on the countless hours they spent preparing their animals for the event. And we hope the showmanship, sportsmanship and friendships they experienced will last a lifetime.”
Phillip Morgan, CEO of Southern AgCredit

This year, the sale of 46 winning animals grossed $404,395, breaking the Sale of Champions record.

Southern AgCredit is a full-service cooperative lender that specializes in financing rural land and agricultural operations in Mississippi and Louisiana. It is a member of the nationwide Farm Credit System, the nation’s largest source of loans for agriculture, agribusiness, rural real estate and country homes. For more information, visit southernagcredit.com.

Apply Now for Southern AgCredit Agriculture Scholarships!

Posted on Feb 10, 2020 by Lylla Joe

Free Cash for College

Agriculture feeds the world, and its future lies in education. That’s why Southern AgCredit awards nearly $30,000 in agriculture scholarships annually to deserving high school and college students with interests in agriculture.

Each applicant must be a current Southern AgCredit borrower or a current borrower’s child, grandchild, or spouse. The deadline for entry is March 15, 2020, and the winners will be notified in April.

Southern AgCredit Announces New Staff in Ridgeland Offices

Posted on Jan 03, 2020 by Lylla Joe

RIDGELAND, Miss. – Southern AgCredit recently hired two new staff members in its Ridgeland offices.

Daniel Gilbert joined the rural lending co-op as a senior accountant in its administrative office. Jodie Morgan was hired as an office administrator in the Ridgeland branch office.

Previously, Gilbert worked in accounting at a CPA firm and in higher education, as well as in timber and real estate sales. He is currently pursuing a Master of Accountancy degree at Mississippi College. He graduated with honors from Belhaven University, where he earned his bachelor’s degree in accounting and was awarded the Achievement in Accounting Award.

A native of Ridgeland, Gilbert was a scholarship baseball player at Delta State University, Hinds Community College and Belhaven.

Morgan is a graduate of Copiah-Lincoln Community College in Wesson, Mississippi. Prior to joining Southern AgCredit, she spent six years as a lending assistant at Bank of Franklin, a community bank in McComb. Morgan resides in Byram with her husband, Travis.