Disclosure Information Required By Regulations
DISCLOSURE INFORMATION REQUIRED BY REGULATIONS GREENSTONE FARM CREDIT SERVICES, ACA (Unaudited) DESCRIPTION OF BUSINESS General information regarding the business is discussed in Note 1 of this Annual Report. The description of significant business developments, if any, is discussed in the “Management’s Discussion and Analysis” section of this Annual Report. DESCRIPTION OF PROPERTY The following table sets forth certain information regarding our properties: Location
Description
Usage
Adrian, MI Allegan, MI Alma, MI Alpena, MI Ann Arbor, MI Bad Axe, MI Bay City, MI Berrien Springs, MI Cadillac, MI Caro, MI Charlotte, MI Clintonville, WI Coleman, WI Concord, MI Corunna, MI DePere, WI1 West Rd, East Lansing, MI Abbey Rd, East Lansing, MI2 Escanaba, MI Grand Rapids, MI Hart, MI Hastings, MI Hillsdale, MI Howell, MI Ionia, MI Lakeview, MI Lapeer, MI Little Chute, WI Manitowoc, WI Mason, MI Monroe, MI Mt. Pleasant, MI Saginaw, MI Sandusky, MI Schoolcraft, MI St. Johns, MI Sturgeon Bay, WI Traverse City, MI
Owned by ACA Owned by ACA Owned by ACA Owned by ACA Owned by FLCA Owned by ACA Owned by ACA Owned by ACA Owned by FLCA Owned by ACA Leased Owned by FLCA Owned by ACA Owned by FLCA Owned by ACA Owned by ACA Owned by ACA Owned by ACA Leased Owned by ACA Leased Owned by ACA Owned by FLCA Leased Owned jointly Owned by ACA Owned by ACA Owned by ACA Leased Leased Owned by ACA Owned by ACA Owned by ACA Owned by ACA Owned by ACA Owned by FLCA Leased Owned by FLCA
Branch Office Branch Office Branch Office Branch Office Branch Office Branch Office Branch Office Branch Office Branch Office Branch Office Branch Office Branch Office Branch Office Branch Office Branch Office Held for Sale Corporate Leased to Tenant Branch Office Branch Office Branch Office Branch Office Branch Office Branch Office Branch Office Branch Office Branch Office Branch Office Branch Office Branch Office Branch Office Branch Office Branch Office Branch Office Branch Office Branch Office Branch Office Branch Office
Former branch office, currently held for sale.
1
Former corporate office, currently occupied by a tenant on a long-term lease.
2
Annual Report 2014
LEGAL PROCEEDINGS Information regarding legal proceedings is discussed in Note 12 of this Annual Report. We were not subject to any enforcement actions as of December 31, 2014. DESCRIPTION OF CAPITAL STRUCTURE Information regarding our capital structure is discussed in Note 8 of this Annual Report. DESCRIPTION OF LIABILITIES Information regarding liabilities is discussed in Notes 7, 8, 9, 10, 12, 13, and 14 of this Annual Report. SELECTED FINANCIAL DATA The “Consolidated Five-Year Summary of Selected Financial Data” is presented at the beginning of this Annual Report. MANAGEMENT’S DISCUSSION AND ANALYSIS Information regarding any material aspects of our financial condition, changes in financial condition, and results of operations are discussed in the “Management’s Discussion and Analysis” section of this Annual Report. BOARD OF DIRECTORS Information regarding directors who served as of December 31, 2014, including business experience in the last five years and any other business interest where a director serves on the Board of Directors or as a senior officer follows: Scott A. Roggenbuck (Board Chair), Age 52; Huron County, Harbor Beach, Michigan. Board Executive Committee, Chair and Compensation Committee, Vice Chair. He is a life-long cash crop farmer and is President of Cedar Pond Farms, Inc. (grain and sugar beet operation), President of Cedar Pond Holdings, LLC (a family partnership owning farmland), President of Cedar Pond AgServices (custom farming and consulting), and is a Certified Crop Consultant. He is also Vice President of the Sugarbeet Advancement Committee and the REACh Committee (both committees provide research and education in the advancement of the production of sugar beets in Michigan). His term of office expires in 2016, and he has served on the board since 2007. Edward L. Reed (Board Vice Chair), Age 52; Cass County, Marcellus, Michigan. Board Executive Committee, Vice Chair and Compensation Committee, Chair. He is a hog and grain producer, an electrical engineer, and serves as Past President on the Board of the Michigan Pork Producers Association. His term of office expires in 2018, and he has served on the board since 2008. Matthew L. Berge, Age 38; Manitowoc County, Valders, Wisconsin. Board Finance Committee. He has been farming for 16 years. He farms in partnership with his family on their 875 cow dairy, Badger Pride Dairy, with 900 acres of cropland. He also partners in a heifer raising operation in northern Colorado, The Heifer Authority, LLC, with a current capacity of 7,000 dairy heifers. His term of office expires in 2015, and he has served on the board since 2013. Laura A. Braun, Age 55; Clinton County, Ovid, Michigan. Board Legislative/ Public Policy Committee, Chair. She has been farming for 28 years. Laura farms in partnership with husband, Russell, Golden Maple Farms LLC, with 700 acres of cash crops including corn, soybeans, and wheat. They also manage 200 head of beef cattle. She is the owner of The Shepardsville Corner Store, LLC, a country grocery and convenience store with a bakery and deli featuring local produce in season and home-raised beef. She is
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