GreenStone Story. Did you know 2025 is the International Year of Cooperatives? As a cooperative, our business model puts our member-owners at the center of our association.
Live
Country Living Customer Feature. For David and Laura Boomer, purchasing recreational property was about more than just enjoying the land. It was about creating lasting memories with their family for generations to come!
Learn
Tax & Accounting Customer Feature. Mike Bagnall was 18 years old the first time he walked into a GreenStone branch. Born and raised on a dairy cow operation, Mike knew he belonged in a career in agriculture.
3 CEO Comments.
President and CEO Travis Jones shares details from recent visits with members and highlights the many virtues of GreenStone’s cooperative structure.
11 Guest Column.
Online auctions can provide buyers and sellers true price discovery and provide even more benefits than live auctions.
13 Guest Column.
Whether you’re related to your business partners or not, providing and receiving feedback effectively is key.
15 Market Outlook.
With negotiations still ongoing, the long-term impact of tariffs and other economic forces on the U.S. economy remains uncertain.
29 Directors’ Perspective. Thanks to a successful process, GreenStone’s board of directors selected two new appointed directors to serve on GreenStone’s board.
31 Legislative Matters.
Despite the many blessings, unity of agricultural interests is a challenge to achieve.
32 PAC Progress.
As dollars are dispersed, PAC beneficiaries are made aware the funds came from farmer cooperative members who appreciate the work being done to address challenges facing agriculture in Michigan and Wisconsin.
37 Guest Column
Between the mild weather and abundant fresh water, Michigan offers a summertime experience that few states can match.
39 Safely Swimming. Making sure each member of your family knows proper swimming technique before getting in the water is crucial.
40 Perfect Pickling. Pickling fresh produce can help extend its life and allow you to enjoy fresh tasting produce year-round.
45 LRP Additional Products. Producers now have the ability to insure higher values for their cull cows and day-old calves due to lowered weight requirements.
49 Tech Tip. Cybercriminals are constantly evolving their methods, moving well beyond traditional email scams to exploit newer technologies and social engineering tactics.
8 Agriculture Blog Brief
9 CultivateGrowth Resources 18 Member News
Calendar of Events 20 4-H License Plate Program
Scholarships
Summer Interns 25 Behind the Scenes
Pause for Applause
38 Country Living Blog Brief
Commodity Cuisine...
Stir Fry 42 Crop Insurance News
44 Crop Insurance Calendar 48 Tax Calendar
Publisher’s Note:
A highlight for our department are the days we venture to the countryside and visit with our customers. We’re a marketing and public relations team where the execution of work is primarily done behind computer screens, hence we don’t get to visit with customers as often as other staff at GreenStone. That said, the ideation of our work has to come with knowledge and awareness of our customers, your needs and challenges, and GreenStone’s partnership with you – and that’s why we value the days out of the office. I’d compare it to one of those educational field trips my children whine about, but instead for adults who are giddy to learn! It makes me smile as I observe the team engaging with our cooperative members and see the genuine interest our team has in what our customers do and why each action matters.
That same experience happens when we get to meet with customers and tell their story. Like most issues of Partners, this one is again filled with helpful information, GreenStone updates, and three unique and special customer stories. Nick Oomen shares his story as a fourthgeneration farmer growing West Michigan Produce to the integrated farm it is today on page 5. Then on page 33 the Boomers take us through their recreational property and all the possibilities it offers for them to enjoy with their grandchildren and family. And don’t miss page 47 where Mike Bagnall tells his story of living the life he was born to do – on the road and in the field with his trucking business and farm.
Our customers are what make our cooperative so special, and what better time to acknowledge that than through these stories during the international year of the cooperative (page 27) and the election and appointment of our member-led board of directors (page 18 & 29). Having pride and purpose is a special aspect of our team and our work – and we’re excited to share those traits with our customers.
Happy summer reading,
Melissa
CEO comments
Summer Update
I hope you had a great spring and successful planting season. Overall, our fields look good. With the recent moisture and heat, our crops are really taking off. Daily prayers for a cooperative growing season and strong yields.
I have been lucky enough to visit a couple customers recently. Two very different operations, but I was struck by a couple of similarities. After thinking about these, I have noticed this has been true of almost all of my member visits during my 18 years at GreenStone.
The two core similarities are pride in the operation and family involvement. This isn’t new. My grandfather proudly displayed a sign on his barn in Chapin, Mich., that read, “P.E. Jones and Sons”. When my dad bought the farm and needed to replace the barn after a fire, the sign changed to “L.D. Jones and Family”. My grandparents and dad were very proud of their small farm. My grandparents were also proud of their livestock hauling business and partial ownership in the Owosso Livestock Sales. Every one of our customers is proud of their farm and business. And if multiple members of the family are involved in the operation, then that pride is just multiplied.
During one of the visits, I sat at a table in the member’s very nice farm office and shop listening to him describe how he grew the farm while in partnership with his best friend. I believe the quote
was, “We might as well be brothers.” (The member’s son was also at the table with us and is already a GreenStone member.)
The member described with pride how they slowly acquired their land and built relationships with their neighbors. Before I left, he was proud to show off a new piece of equipment that was essentially built by hand by the father and son.
During the other visit, I learned of the five generations that have been the owner/ operators of the still growing business in rural Michigan. I saw pictures of the great-great grandfather in the 1920s and the great grandfather in the 1940s. The percentages are high that the sixth generation will eventually take over the business as I already met the 11-year-old son pushing a broom starting his summer job. Once again, the pride that this very hard-working family has in their business can’t be missed.
I see this at every customer visit –regardless if it’s a farm business or a new family home. It is, however, always impressive and I never take it for granted. Our member-owners put everything they have emotionally, physically and financially into their operations and families. You deserve to be proud.
I don’t own GreenStone. You do as members. But I can tell you I am very proud to be a part of and lead this organization. I have 650 teammates that are also very proud to be a part
I have 650 teammates that are also very proud to be a part of GreenStone and we try to meet our mission every day: “To promote the business success of our customers and the rural community by being the best at providing credit and financial services.”
of GreenStone and we try to meet our mission every day: “To promote the business success of our customers and the rural community by being the best at providing credit and financial services.” Hopefully, you feel we are meeting our mission for you. We will receive our “report card” from our members this summer when we see the results of our customer satisfaction survey. For those of you that received the survey, thank you for taking the time to complete it.
I can also tell you, your organization continues to perform well financially. Numbers through the first half of the year look very solid.
This quarter I also wanted to recognize the service and contributions of one of our long-time appointed directors, Gene College. Gene has served on GreenStone’s board of directors since 2009 and serves as the board’s financial expert and audit committee chair. He will be retiring from the board effective December 31, 2025. I can’t thank Gene enough for the leadership and guidance he has provided GreenStone and me personally. I know we have Gene’s expertise to lean on for another six months or so, but I didn’t want to miss the opportunity to recognize all of his contributions to our organization. You will hear more about our two new appointed directors later in this issue, but I first wanted to welcome to GreenStone Paul Lindow and Rick Snyder. Paul will
replace Gene as the board’s financial expert and audit committee chair, while Rick will serve as the board’s technology and cybersecurity expert and chair the newly formed technology committee. Both of these individuals bring extensive experience to GreenStone and our board of directors.
As always, thank you for feeding me, my family, our country and the world; and thank you for your membership and commitment to GreenStone!
Please reach out to me any time I can be of assistance. ◀
Travis D. Jones 517-318-4144 travis.jones@greenstonefcs.com
Growing a Family Farm Forward
West Michigan Produce
As a fourth-generation farmer, Nick Oomen of West Michigan Produce is no stranger to both the challenges and rewards that come with his job. For Nick, farming is not just his profession - it’s a lifestyle and a legacy.
“For me, there’s a sense of pride in growing something from scratch. You have to really love what you do, because there are going to be harder days you just have to work through,” he said. “I think farming is one of the only jobs where people will do it until they physically can’t anymore. That says a lot about how much we care about our farms and the quality of what we’re producing.”
Nick grew up farming beside his parents Ken and Sandy Oomen in Hart, Mich. He started getting involved in the business aspects of the farm when he was 14, a true testament to his interest and passion for agriculture. The family farm now spans four generations and began with Nick’s great-grandfather who started the farm as a dairy operation. Once Ken and his brother took over the farm in the 1980s, they began growing asparagus and slowly transitioned into vegetable farming.
Located in Oceana County, the sandy, welldraining soil and milder lake-effect weather offers the perfect growing conditions for asparagus as well as a multitude of other vegetables. Michigan itself is the second largest producer of asparagus in the country, with 80% of the state’s crop coming from Oceana County. The county is considered the “Asparagus Capital of the World” and is even home to the National Asparagus Festival!
▶ Nick and his father Ken stand proudly in front of West Michigan Produce’s asparagus packaged on site at the farm. Their packing facility also allows them to package asparagus for other local farmers.
When it comes to raising organic, there are different regulations such as disease control practices, and organic inspections and certifications you may have to go through.
Ideal Conditions for Growth
These ideal growing conditions are one of the reasons the farm has experienced so much success, adding more than twenty varieties of crops to the list of produce they grow, package, and ship to several national retailers. The farm produces everything from asparagus, broccoli, peas, carrots, pumpkins, squash, snap beans, cherries, and beets to cash crops such as corn, wheat, and soybeans.
During peak asparagus harvesting season in the spring, the farm employs between 100-120 people at a time, then drops back down to around 45 after June. West Michigan Produce also picks all of its asparagus by hand using a five-person asparagus cart that combs the fields sometimes from sunrise to sundown. Hand harvesting asparagus protects the quality of the crop and prevents any damage that would otherwise occur with mechanical harvesting methods. It also allows for the spears to be kept longer for the fresh market or cut shorter later during processing for those that will be frozen.
The farm also raises several organic products which require different growing methods and regulations. “As the demand for organic produce continues to increase, I want to diversify our products as much as possible to spread out risk across multiple crops,” explained Nick.
“There are many challenges of vegetable farming not a lot of people know about. When it comes to raising organic, there are different regulations such as disease control practices, and organic inspections and certifications you may have to go through,” says Nick.
“Besides the labor required for hand picking asparagus, another thing vegetable farmers have to consider is how we harvest our produce, such as squash, so it doesn’t get rejected by retailers if it has any blemishes or bruises on it. This adds another layer of complexity to how we harvest our vegetables and pack our products. In this industry you have to be flexible and be able to adapt to the changing demands.”
A Vision for Expansion
Nick graduated from Michigan State University in 2012 after studying agricultural industries. He returned home to the family farm with new ideas on
▲ Nick stands with his Financial Services Officer Kim in one of the farm’s many asparagus fields that are harvested by hand.
how to expand the operation, including adding a processing and packing facility to the farm. To keep up with the rapidly changing landscape of the industry, being able to process and package its own produce would allow the farm to be more self-sufficient and work directly with the retailers buying its products.
The Oomen family began packing vegetables in 2014 and has since continued to expand its processing and packing operations for both fresh and frozen products. After attending a young farmer’s event through Michigan Farm Bureau, Nick learned more about GreenStone and the CultivateGrowth resources available to young, beginning, and small farmers. He was able to secure a loan through the CultivateGrowth program that would support the expansion of the farm’s packing facility, and in 2021 completed construction of its new facility complete with a refrigerated storage area. The facility is used to pack asparagus, zucchini, bell peppers, broccoli, and more.
“The addition of our new facility allowed us to continue to grow our packing operations and work with larger retailers that ship our products all over the country,” says Nick. “It’s also opened up opportunities for us to pack asparagus for
other farmers in the area as well because we have the equipment and the storage capable of doing it.”
Kimberly (Kim) Sadler, Senior Financial Services Officer, has been with GreenStone for over 17 years and has worked with Nick since 2018 when he began to take on more and more operational responsibilities on the farm. She helped him secure financing for the addition of their new packing facility and all its machinery and equipment.
Advocating for Family Farms
“Nick is very hands on when it comes to running the business,” Kim explained. “He has been great to work with, and it’s exciting to see a young farmer be successful and continue to grow their family farm.”
Nick is also engaged in advocating for labor policy reform and has spoken with lawmakers surrounding the challenges farmers are facing when it comes to rising labor costs. “He is a great example of a young farmer that is raising awareness of the importance of his generation and the next generation of farmers after him to be able to continue producing the food that feeds our country,” added Kim.
“We know Kim is looking out for us
Agriculture – Open Fields Blog
and our best interest,” Nick commented. “She makes regular visits to the farm for check-ins, and for us that’s really important because working with a lender who truly understands who you are and what your business does is always easier to work with. What I appreciate about Kim is the personal interaction we get with her, whether that’s her stopping by the farm or just picking up the phone to call her whenever. You don’t always get that with other traditional lenders you work with.”
For Nick, maintaining the involvement of his family in the farm’s operations is important as West Michigan Produce continues to grow and expand. “He’s always looking to add something else new and figuring out what else we can grow. I always say, ‘don’t you think we have enough going on already’,” laughs Nick’s dad, Ken. “Just because we’re running a larger size operation now doesn’t mean we aren’t still family owned and operated,” says Nick. “For us that will never change. People think just because you’ve grown it’s turned into corporate farming, but our family has been able to grow this ourselves. If it wasn’t for the involvement of my family, I don’t think I would be doing this. This is our family legacy, and we’re proud to continue growing it.” ◀
GreenStone publishes regular updates on our Open Fields blog. Check out some of the posts you may have missed at www.greenstonefcs.com/openfieldsblog.
Field to Classroom
Gregory had a clean slate, so he dove right in to learning as much as he could when he began Kingbird Cattle thanks to GreenStone’s CultivateGrowth grant.
3 Things Your Lender Wants You to Know as a Beginning Farmer
Here are some questions to consider ahead of meeting with your lender to help them provide you with the best support possible!
The Importance of Livestock Insurance
It’s more important now more than ever for farmers to consider livestock insurance as a part of their risk management strategy to protect their livestock, farm, and livelihood. Take a look with us at your options.
Taking the First Step
After having someone come out and spray their crops for a few years, Karisa’s realization hit her. She was fully capable of spraying crops. Read how her learning was supported with GreenStone’s CultivateGrowth grant. ◀
CultivateGrowth resources
Educational events and working with other professionals helps expand knowledge and strengthen businesses.
Harness Industry Tools and Support.
While summer days may be longer, the time between planting and harvest often feels all too short to accomplish everything that needs to be done. Like many farmers, you’re likely to spend every possible hour in the field when the weather cooperates –meaning the business side of your operation may not receive the attention it deserves.
Fortunately, managing these important - and sometimes challenging - business tasks becomes much more feasible when you have the right tools and support:
Field Crops Virtual Breakfast: Start your day with coffee and crop management during Michigan State University Extension’s Virtual Breakfast
Series. Every Thursday morning at 7 a.m. ET from April to September, attendees will hear a weather outlook report and have a chance to ask experts questions on the current topic. Watch previous episodes or register to join upcoming webinars at canr.msu.edu/ field_crops/virtual-breakfast.
Michigan Farm News –Dollars and Sense:
Monthly articles covering farm finance topics, tips on tax planning and expert advice from GreenStone lenders are a valuable resource for all farmers, especially ones just beginning. Check out June’s article, The Five Cs of Credit (What your lender wants to see) online at michiganfarmnews.com or greenstonefcs.com.
CultivateGrowth Grant:
Educational events and working with other professionals helps expand knowledge and strengthen businesses. GreenStone’s CultivateGrowth Grant provides up to $40,000 in grants to help offset the cost of these programs and services for young, beginning, and small farmers. Current customers are eligible for up to $1,000. Learn more or apply for funds at greenstonefcs.com/grant ◀
Everything You Need to Know About Online Dairy Cattle Auctions
BY: CHAD KREEGER, Kreeger & Associates, LLC
If you are selling a group of extra cows or heifers, they can be included in a weekly online auction and can be listed, sold, and loaded in as short as a week.
As our world and industry continues to evolve and grow an online presence, it’s not surprising that even the most established like cattle auctions can be found online now as well. It is no longer necessary to set up gates and a tent or haul the cattle to a sale barn. It doesn’t take an entire day and hours of driving to buy cattle, it can all be done from your phone or computer. Online auctions provide buyers and sellers true price discovery and provide even more benefits than live auctions.
Selling Online with a Reputable Marketing Company
The first step in either buying or selling at an online cattle auction is choosing the marketing company you are comfortable working with. Look for a well-established, professional team that specializes in your industry with a strong marketing and
dispersal auction is virtually no extra work for the owner. Your team can work with you on determining a schedule for gathering video of the cattle, vet work, and any testing needed. Your team will need all cattle records for preparing the catalog and advertising. Your marketing team will handle the promotion of the sale so you can keep doing what you do best - caring for and managing your herd!
In contrast to a dispersal, if you are selling a group of extra cows or heifers, they can be included in a weekly online auction and can be listed, sold, and loaded in as short as a week.
Preparing to Buy at an Online Auction
you. This means as a buyer, you don’t have to worry about hauling a trailer to a busy auction barn the day of sale or having them delivered in the middle of the night. It can be worked into your schedule. By purchasing your cattle through an online auction, you are also removing them from what can be a busy and stressful day at an auction barn. You can be sure the cattle you bid on will be in the same condition as the ones that are delivered to your door.
online presence. This expert team will provide maximum value to both the buyer and seller of the cattle. One of the best ways to learn about marketing companies is through positive word of mouth from someone you trust.
After contacting the team you would like to sell with, they will make a visit to your farm to discuss your plans. After viewing your cattle, a professional marketing company will have the knowledge and data to make an accurate valuation and plan of action for the sale. If you are selling your herd, it is recommended to set a sale date at least 30 days in advance of having your cattle evaluated. It is essential you give your marketing team the proper amount of time to promote them to have a successful sale.
Preparing for an online
Purchasing cattle online through a professional marketing company can provide both simplicity and convenience. It’s even possible for a buyer to bid anywhere from their computer or phone. This opens a much larger market for sellers, and a much larger selection of animals for buyers as opposed to only what is available at their local auction barn. When purchasing from an online auction, you have the ability to view photos and videos of the cattle prior to the auction, so you can make informed decisions prior to bidding. You have the opportunity to view the cattle in person prior to auction.
When the online auction is over, the marketing team will help coordinate shipping the cattle directly from the seller’s farm to your farm. Your marketing team will also inspect the cattle at loading and will ensure they are the same as they were described when they are loaded onto the trailer. A professional marketing team will also give you the option to have a qualified truck driver deliver the cattle to
Be sure to work with your lender prior to participating in an auction, as most marketing companies will require payment in full before the cattle are loaded. Keeping open communication with your lender on what your plans are heading into an auction will set you up for success.
Benefits of an Online Auction Online auctions enhance price discovery, prioritize animal welfare, and streamline efficiency. The option to purchase cattle online provides many opportunities for buyers and sellers alike, however it is just as important that old fashioned customer service and “cow sense” remains when choosing the marketing company you want to work with. Nothing will impact your experience buying or selling more than working with a team of professionals that provide quality service to both the buyer and seller in all aspects of the transaction. Between reaching a wider audience for sales and prioritizing the health and condition of the animals with minimal transport, it’s no wonder the popularity of online cattle auctions continues to grow. ◀
The opinions stated herein are not necessarily those of GreenStone Farm Credit Services.
Strengthening Your Family Business Relationships
What’s one of the most significant challenges with family business partner relationships? In a recent discussion with a group of my Family Business Consulting Group colleagues about this question, the topic that rose quickly to the top of the list is the ability to share and receive feedback effectively with one another. Feedback is a foundational element that contributes to stronger family business partner relationships. Learn more about these practical ideas on how to more effectively provide and receive feedback from your family business partners!
Effective Feedback:
A Driver of Strong Family Business Partnerships
BY: MIKE FASSLER, Consultant, The Family Business Consulting Group
Feedback Can Be Challenging
Work
Whether you’re related to your business partners or not, providing and receiving feedback effectively can be challenging. When you overlay family relationships (father-daughter, motherson, siblings, cousins, nephew-uncle, etc.) the challenge is magnified due to emotional involvement and intimate knowledge of one another. The closeness that is so powerful in bringing family together can also create the greatest obstacle in effectively giving and receiving feedback. Therefore, feedback is often delayed or non-existent for fear of damaging the relationship. Avoiding these conversations often leads to a buildup of negative emotions between family business partners which at some point can be expressed in damaging ways and cause relationships to spiral downward.
Ingredients for Effective Family Business Partner
Feedback Clear Expectations: The precursor to being effective
Whether you’re related to your business partners or not, providing and receiving feedback effectively can be challenging.
with family business partner feedback is to agree on what constitutes acceptable levels of performance for respective partner roles and what behaviors will support the desired culture. With these standards in place, the feedback conversation is designed to be about a partner’s performance and behaviors as compared to the agreed upon standards, rather than an arbitrary viewpoint. Absent clear expectations, having effective feedback conversations with family business partners is a non-starter. Clear expectations combined with effective feedback against those expectations drives accountability for performance.
Right Time, Place, and Format: Holding feedback conversations at the right time, in the right place, and the right format will greatly increase the effectiveness of family business partner feedback conversations. In terms of timing, establish dedicated times throughout the year for feedback conversations. As an example, one of our clients has a feedback process where written input is obtained toward the end of the year from multiple people in the business and the results are compiled and delivered in a third-party facilitated conversation. This is paired with a dedicated meeting mid-year when the family business partners have a conversation and answer some basic questions to drive the conversation, such as: To what extent am I meeting performance expectations in my functional role? Am I interacting with my family business partners in the manner we agreed to? What have I done particularly well? What adjustments do you suggest I make?
All conversations are held in a private setting and scheduled
well ahead of time. Other family businesses may find success with a less formal process along with allocating dedicated time and a private setting.
Balanced Approach: Edna Ferber, an author and 1924 Pulitzer Prize winner said, “Perhaps too much of everything is as bad as too little.” A balanced approach applies to feedback as well. Assuming family business partners have the competencies and motivation to be effective in their role, it is likely they are performing and behaving well in some areas as compared to expectations. (Note, if a family business partner does not have the competencies and motivation to be effective, that is another topic to address.) Providing authentic, positive feedback against the agreed upon standards helps set the stage for feedback that involves a partner needing to make some adjustments. If all a partner hears is what they are not doing well as compared to expectations, usually they quit listening and will take a defensive posture. A balanced approach wins the day as authentic, positive feedback creates an environment of psychological safety.
Continuous Learning: Rare is the person who has family business partner feedback - giving and receiving it - all figured out. There are many resources available in the form of articles, books, live and recorded webinars, communication coaches, and live seminars focused on communication in general and giving and receiving feedback in particular. Investment in yourself and on behalf of your family business partners to build your skills at giving and receiving feedback will pay off for you personally, for your family, and for your business. And learning together as a
group of partners can be a powerful bonding experience! Make the Commitment
If you want to enhance your family business partner relationships, commit to developing a sound process for giving and receiving feedback. Begin with setting clear expectations for each partner in their functional role with the business, along with behavioral expectations for all partners. Feedback is a gift that will contribute to having great relationships. Those great family business partner relationships will set an example for the next generation of family business partners and will be a driver of multi-generational success
About the Author: Mike Fassler is a consultant and board chair of The Family Business Consulting Group. Mike provides family business consulting services with a focus on leadership and ownership transition, governance, and ownership group strategy. Mike can be reached at 517-896-3001 or fassler@thefbcg. com. More information about The Family Business Consulting Group and Mike can be found at www. thefbcg.com
The opinions stated herein are not necessarily those of GreenStone Farm Credit Services.
For more on accountability see the following article link: Accountability in the Family Business: Creating a Culture for Success
Waves of Uncertainty
BY: THERESE HILL, GreenStone Regional Credit Manager
As we look at the factors driving the U.S. economy in the first half of 2025, one of the most prominent topics is tariffs. The threats of, implementation of, and retraction of tariffs have influenced stock market movements and business purchasing decisions, with many companies building up inventory in Q1. This surge in buying activity led to an increase in imports, as businesses attempted to get ahead of looming tariffs. As a result, the spike in imports temporarily contributed to a contraction in real GDP growth. With negotiations still ongoing, the long-term impact of tariffs on the U.S. economy remains uncertain.
Another key issue is unemployment. The U.S. Bureau of Labor Statistics reported a May unemployment rate of 4.2%, unchanged from April. . Unemployment is expected to rise through mid-2026, peaking at 4.9%, before declining in 2027 as population and labor force growth slow.
Consumer Price Inflation
decreased from 3.1% core inflation in Q1 2025 to 2.8% in April. Broad-based tariffs are expected to push inflation to 3.6% in Q3 2025, peaking at 3.8% in Q2 2026. As tariff effects filter through the economy, core inflation is anticipated to decline by the end of 2027.
The trajectory of the unemployment rate, along with the inflationary impact of tariffs, will be key factors in the Federal Reserve’s (Fed) approach to interest rate policy. With upcoming meetings scheduled in July and September, the Fed is being closely watched after holding rates steady since December 2024. Current estimates suggest the Fed will aim to reduce rates to a range of 3.25%–3.5% by mid-2026.
No discussion of the U.S. economy would be complete without mentioning The One, Big, Beautiful Bill. Having passed the House and now
under debate in the Senate, the bill proposes to drive economic growth through tax policy changes, adjustments to Medicaid, and increased military spending. If enacted, its impact will be closely monitored— particularly regarding its promises of growth and the resulting implications for the federal deficit.
Dairy
In 2024, the U.S. recorded $8.2 billion in dairy exports, marking the second-highest export value on record. About 16% of all milk solids were exported, with Mexico and Canada accounting for more than 40% of total U.S. dairy exports. Current global prices for butter and cheese remain competitive, supporting continued export growth. According to the USDA, the average price for a dairy herd replacement cow ready to enter the milk barn reached $2,870 in April, up from $2,120 a year earlier. With positive margins and a shortage of replacement
heifers, producers are holding onto cows for longer lactation cycles. From January to April 2025, the U.S. dairy herd grew by 70,000 milk cows, driven by reduced slaughter rates.
Beef prices are expected to remain elevated, boosting both calf and cull cow prices— significantly enhancing revenue streams for dairy producers. However, if margins weaken, cull rates could rise.
The futures markets have seen volatility due to trade
With upcoming meetings scheduled in July and September, the Fed is being closely watched after holding rates steady since December 2024.
and tariff uncertainty, as well as ongoing reforms to the Federal Milk Marketing Order (FMMO). Nonetheless, U.S. dairy margins are projected to rebound in the second half of the year. As of late May, the 12-month average futures prices for Class III and Class IV milk were $19.17 and $19.34 per cwt, respectively. April margins, calculated through the Dairy Margin Coverage (DMC) program, were forecast at $10.31 per cwt— expected to be the year’s low, with margins projected to rise above $13 per cwt by year-end.
The market hog price rally and improved producer margins that began in the second half of 2024 have continued into 2025. The outlook for the remainder of the year presents strong opportunities for producers to lock in profits through hedging, with futures contracts for July and beyond reaching contract highs as of early June.
The Pork Cutout value has remained strong, sitting at $111 per cwt, while the Lean Hog Index
Pork
reached $97 per cwt, its highest level since August 2023. Cash hog prices are currently over $100 per cwt. In contrast, prices for weaned pigs and feeder pigs have declined by roughly 50% from Q1 highs but are now within a more typical range.
April estimates from Iowa State University show positive hog profits for farrow-tofinish operations for the 13th consecutive month, though profitability continues to vary based on productivity, hedging strategy, and packer contract index.
While feed costs have been favorable, with strong corn and soybean meal margins, rising non-feed costs have limited profit potential. As of March 1, 2025, both the breeding herd and market hog inventories were down slightly year-over-year, supporting higher prices. The average number of pigs per litter held steady at a record 11.65, despite some disease challenges.
On May 6, the National Pork Board launched a new digital marketing campaign, Taste What Pork Can Do™, aimed at younger consumers. The campaign highlights pork’s flavor diversity, health benefits, and versatility, seeking to boost domestic demand, which remains a key focus alongside generally stable export demand, despite trade uncertainties.
Corn and Soybeans
The 2025 U.S. corn and soybean crops are now in the ground, and early reports from key producing states indicate strong crop conditions. The June 9th NASS report shows high ratings in Iowa and Illinois, though Michigan lags due to delayed planting and wet conditions.
The June WASDE report for corn shows little change from May. A record U.S. supply is
forecasted, with 15.8 billion bushels of production, driven by more acreage and higher yields. If realized, the 95.3 million acres planted would be the highest in a decade. Despite strong domestic use and modestly higher exports, the seasonaverage price remains steady at $4.20 per bushel.
The June soybean outlook also remains mostly unchanged. For 2025/2026, lower supplies and reduced exports are expected to be offset by higher domestic crush demand, resulting in lower ending stocks. Planted acreage is expected to shift from soybeans to corn. Based on trend yield, total production is projected at 4.34 billion bushels,
with domestic crush up 70 million bushels from the prior year. Ending stocks are forecast at 295 million bushels, down 55 million from 2024/2025. The season-average price is estimated at $10.25 per bushel, up from $9.95.
Export uncertainty remains top of mind for grain producers. With the tariff pause against China set to expire on July 9, market watchers are awaiting clarity. Meanwhile, Brazil is expected to produce its secondlargest corn crop on record. However, strong domestic demand may limit its export capacity, allowing the U.S. to maintain its position as the world’s top corn exporter. ◀
Export uncertainty remains top of mind for grain producers. With the tariff pause against China set to expire on July 9, market watchers are awaiting clarity. Meanwhile, Brazil is expected to produce its second-largest corn crop on record.
The Results of your Vote!
Following GreenStone’s annual elections for the cooperative, two current board members have been reelected to the Board of Directors: Michael Feight and Bruce Lewis. Michael Feight of Lenawee County, Mich., was reelected to a four-year term representing voting region 3, located in the seven counties covering the southeastern corner of Michigan. Michael farms corn, beans, and wheat alongside his father and brother on their family farm. He has served on the GreenStone board for the past four years, and most recently as a member of the finance committee.
Bruce Lewis of Hillsdale County, Mich., was also reelected for another fouryear term representing voting region 3. Bruce, a livestock and grain farmer, has served on the board since 2011 and most recently was a member of the
audit committee.
GreenStone’s board of directors have also selected two new appointed directors to serve on the board: Paul Lindow and Rick Snyder. As a financial expert, Paul will chair the board’s audit committee, while Rick brings his expertise in technology and cyber security with him to the board and will chair a new, soon to be established technology board committee.
“As a member-owned cooperative governed by our members, GreenStone recognizes that when our members are successful, so are we,” said Travis Jones, GreenStone President and CEO. “The re-election and appointment of these board members demonstrates their deep understanding of the values and needs of our cooperative. They have consistently shown their
leadership and dedication to our mission of strengthening the rural communities we serve in Michigan and northeast Wisconsin.”
Along with the board positions, GreenStone’s 28,000 members also elected individuals to serve on the cooperative’s 2026 nominating committee. The nominating committee is comprised of GreenStone members from throughout the organization’s territory who are tasked with recruiting candidates for next year’s board elections and nominating committee. The 2026 nominating committee includes:
Region 1 – Nathan Clarke (Midland County, Mich.), and Deidre Iciek (Gladwin County Mich.)
Region 2 – Ty Bodeis (Tuscola County, Mich.), and Grant Davidson (Sanilac County, Mich.)
Region 3 – Calby Garrison (Lenawee County, Mich.), and Jason Winter (Monroe County, Mich.)
Region 4 – Joseph Dykhuis (Allegan County, Mich.), Scott Hassle (Van Buren County, Mich.), and Benjamin S. Schilling (Berrien County, Mich.)
Region 5 – Michelle L. Nitengale (Montcalm County, Mich.), Ann M. Patin (Newaygo County, Mich.), and Tyler Wilson (Gratiot County, Mich.)
Region 6 – Damien Miller (Shiawassee County, Mich.) and Francis Trierweiler (Clinton County, Mich.)
Region 7 – Johna C. Brock (Oconto County, Wisc.) and Kim Kinjerski (Kewaunee County, Wisc.) ◀
Call for Nominations
Getting Involved in Your Cooperative
As a member of GreenStone, you play a crucial role in determining the governance and leadership of our association! Make your voice heard by participating in elections and consider getting involved by submitting your interest in a nominating committee or director role.
Call for Nominations
Members from GreenStone’s voting regions 4 and 5 will gather in August to find candidates for open director and nominating committee positions for 2026’s elections. The remaining regions will meet in December to choose candidates for their nominating committee positions. This is your opportunity to take an active role in your cooperative’s future. We encourage you to consider participating in the governance process and submit your interest today!
The Importance of the Nominating Committee
Before a member can be elected to the board, our nominating committee identifies, evaluates, and nominates a qualified slate of candidates for stockholder election. The nominating committee holds a pivotal role in determining who provides leadership to our association.
If you’re interested in furthering GreenStone’s role as an industry leader for agriculture and our rural communities, serving on the nominating committee might be a great opportunity for you!
Get Involved Today!
To learn more about the nominating and director roles, visit greenstonefcs.com/governance. Complete a profile to express your interest or contact our corporate governance coordinator, Cheryl Motz at Cheryl.Motz@ greenstonefcs.com or 517-3189557, for more information. ◀
July
(14-17)
Wisconsin State Fair (July 31-Aug. 10)
Wisconsin State Fair Park, West Allis, WI
August
National Blueberry Festival (7-10) South Haven, MI
AgroExpo (12-13) St. Johns, MI
Michigan State Fair (Aug. 28-Sept. 1) Suburban Collection Showplace in Novi, Michigan
September
Support Michigan 4-H and Show your 4-H Pride: Purchase a License Plate
BY: JAMIE WILSON, Michigan State University Extension
Michigan drivers have a new way to show their 4-H pride while supporting 4-H youth development programming: through the purchase of the newly released Michigan 4-H license plate. Available at the Michigan Secretary of State, the plate prominently displays the signature 4-H clover and part of the proceeds from every sale and renewal will go to support Michigan youth.
“We are elated that the Michigan 4-H license plate is officially here,” said Quentin
Tyler, director of Michigan State University Extension, which is home to the Michigan 4-H program. “We hope the many members of our Michigan 4-H community – youth, parents, alumni, and supporters – will consider supporting 4-H by purchasing a plate as they renew their licenses this year.”
Similar to other special cause fundraising license plates in the state, the Michigan 4-H license plate will cost $35, with $25 of the purchase fee benefiting Michigan 4-H Youth
Development. A $10 fee will also be charged to benefit Michigan 4-H when the plate is renewed. License plates may be ordered by visiting Michigan.gov/sos, by mailing in a form or scheduling a visit to any Secretary of State office. The plate will be delivered by mail in two to three weeks.
“The Michigan 4-H license plate will benefit our program in many ways, from increased funding to increased awareness,” said Tyler. “We owe a debt of gratitude to
all who made this possible: our legislative sponsors and supporters, the Michigan 4-H Foundation, and those at the Michigan Department of State who helped to move the plate into production so quickly.”
To learn more about the Michigan 4-H license plate, visit extension.msu.edu/4HPlate. To learn more about Michigan 4-H, visit www. canr.msu.edu/4h. To learn more about the Michigan 4-H Foundation, visit https:// mi4hfdtn.org ◀
GreenStone Provides Scholarships for the Youth of Agriculture
GreenStone sees the importance of supporting the youth of agriculture and recently awarded 25 scholarships to students pursuing an agriculturally based career path.
The first scholarship awards college scholarships to graduating high school seniors who are dedicated to influencing and impacting agricultural industries. GreenStone once again awarded a combined total of $40,000 in scholarships to incoming college freshmen. Since 2010, GreenStone has presented more than $500,000 in college scholarships to students committed to making a positive impact on the agricultural industry.
Allie Choate (Cement City, Mich.), attending Michigan State University
Ava Totzke (Stevensville, Mich.), attending Michigan State University
Blake Jauquet (Luxemburg, Wis.), attending University of Missouri
Bryce Ritter (Byron, Mich.), attending Michigan State University
Carter Lenzner (Manitowoc, Wis.), attending University of Wisconsin – Madison
Celina Eldridge (Stanton, Mich.), attending University of Findlay
Chesaney Wenzlaff (Kingston, Mich.), attending Oklahoma State University
Colby Tucker (Hopkins, Mich.), attending Ferris State University
Darek Trzebiatowski (Waupaca, Wis.), attending University of Wisconsin – River Falls
David Trzebiatowski (Waupaca, Wis.), attending University of Wisconsin – Platteville
Elayna Hawkins (Freeport, Mich.), attending Iowa State University or Oklahoma State University
Elizabeth Hartmann (Flint, Mich.), attending Michigan State University
Jacob Rohm (Seymour, Wis.), attending Fox Valley Technical College
Kaden Petroshus (Gobles, Mich.), attending University of Wisconsin –River Falls
Madison Wiese (Greenleaf, Wis.), attending University of Minnesota – Twin Cities
McKenzie Voisinet (Laingsburg, Mich.), attending Michigan State University
Owen Epple (Watervliet, Mich.), attending Michigan State University
Owen Newland (Belding, Mich.), attending Michigan State University
Parick Priesman III (Bellevue, Mich.), attending Kellogg Community College
Rylee Nelson (Waupaca, Wis.), attending University of Wisconsin – River Falls
Sydney DuRussel (Saginaw, Mich.), attending Michigan State University
Dave Armstrong Scholarship Program
GreenStone also supports current college students in honor of former president and CEO, Dave Armstrong. GreenStone awarded a combined total of $20,000 in scholarships to college students this year. Dave Armstrong served GreenStone and the agricultural community for 41 years before retiring in 2022. Like GreenStone, Dave values youth development and continued education, supporting the future success of agriculture. The selected students demonstrate participation and leadership in school, community, and agricultural activities.
The 2025 awardees for the Dave Armstrong Scholarship Program are:
Abigail Guza (Ubly, Mich.), attending Michigan State University (Manitowoc, Wis.), attending University of Wisconsin – Madison Laken DuRussel (Munger, Mich.), attending Michigan State University
Lilly Mendels (Holland, Mich.), attending University of Michigan
GreenStone Summer Interns
A group of 17 interns joined GreenStone this summer for an interactive internship program. Interns are positioned in a variety of different departments, each with specific roles and responsibilities.
Throughout this program, students are given a chance to work on projects and real-world scenarios equipping them for their future career path. Throughout the summer, interns are exposed to customer visits, volunteer events, and career development programs while working closely with professionals to enhance their growth. With the help from the teams at GreenStone, these students can align their interests and find the route that works best for them.
Introducing this summer’s GreenStone interns:
Abigail MacKersie: Quality Engineering Intern College: Michigan State University with a major in Computer Science
Interesting Fact: I found the Farm Credit industry really fascinating. I have realized how important it is that farmers get credit service which is something I wouldn’t have thought of before.
Aiden Kim: Systems Administration Intern College: University of Michigan with a major in Computer Science
Interesting fact: I’ve learned about the Farm Credit System and the important role it plays to farmers.
Ava Horvath: Capital Markets Credit Intern College: Michigan State University with a major in Finance and minor in Actuarial Science
Why GreenStone: I was interested in the hands-on projects I would be working on, and the amount of support available to be received throughout the internship. I liked the balance between getting the help I need to learn and grow while being autonomous.
Beau Belkowski: Business Systems Analyst Intern College: Michigan State University with a major in Statistics
Interesting fact: I liked the idea of serving farmers because they sacrifice a lot for us to have quality food to eat. My experience growing up in a rural community motivates me knowing the work I am doing goes to support farmers.
Bella Brown: Creative Design Intern College: University of Illinois with a major in Graphic Design and minor in Advertising
Why GreenStone: What stood out to me was GreenStone’s focus on mentorship and collaboration. Learning from experienced professionals in a dynamic environment is an incredible opportunity to grow. It’s exciting contributing to and strengthening a brand that cares so much about their interns’ development.
Ben Blanchard: Quality Engineering Intern College: Michigan State University with a major in Computer Science Engineering and minor in Business
Interesting fact: I do not have much background in agriculture, but I found it interesting to learn about the diversity of agricultural commodities produced in Michigan from being here at GreenStone.
Brooklynn Lattimer: Appraisal Intern College: Michigan State University with a major in Agriculture Business
Interesting fact: I’ve grown up on a farm my whole life. I did 4-H for about 12 years and helped my dad with his cash crops. This is applicable to my role at GreenStone because I’m familiar with farmland and I can understand the farmers.
Cassandra Bosworth: Marketing and Writing Intern College: Michigan State University with a major in Communications and minor in Entrepreneurship and Innovation
Interesting fact: I grew up on a small-hobby farm showing
animals and participating in agricultural education through 4-H and FFA. From my background, I know how important it is to promote agriculture and spread awareness which encourages me to share the impact GreenStone has on people.
Charlie Chambers: Appraisal Intern College: Michigan State University with a major in Finance
Interesting fact: I grew up on a farm, so it’s easy for me to relate to aspects of the Farm Credit industry. I also think I have a good understanding of what farmers might want/need from us.
Elena Medina: Finance and Accounting Intern College: Michigan State University with a major in Finance
Why GreenStone: GreenStone stood out to me because of the learning experiences it provides to their interns. I have read about GreenStone and heard good things from other people and how they truly care for their employees.
Jamie Le: Data Analyst Intern College: Michigan State University with a major in Computational Data Science
Why GreenStone: The culture really stood out to me from the application process to the interview. The culture at GreenStone is a great mix of professionalism, support, and genuine care. Everyone I interacted with seemed committed to growing together. That made it stand out to me as a place I feel I could ask questions and truly learn.
Kurt Geron: Information Security Intern College: University of Mississippi with a major in Cyber Security and minor in Mathematics
Why GreenStone: I learned that GreenStone wants to help everyone, not just farmers. Their country living department is a large portion of the company and they have a lot to offer.
Mackenzie Strong: Crop Insurance Intern College: Michigan State University with a major in Agribusiness Management
Why GreenStone: I chose to intern with GreenStone to get a deeper understanding of crop insurance. They also have a great reputation for serving their customers while providing resources to their employees.
Madison Cramer: Human Resources Intern College: Michigan State University with a major in Human Resources and Labor Relations and a minor in Leadership of Organizations and Law, Justice, and Public Policy
Why GreenStone: From the previous interns’ stories and testimonials they had posted, GreenStone stood out to me. The program looked well put together and that those involved really wanted to work with interns and help guide them through this experience.
Randall Wagner: Application Developer Intern College: Eastern Kentucky University with a major in Computer Science
Why GreenStone: I grew up in a family with agricultural history, and some of my family
members work at a Farm Credit association. This has helped me understand the reason we do things here at GreenStone.
Samantha Stanke: Crop Insurance Intern College: Michigan State University with a major in Crop and Soil Sciences and minor in Agriculture Business
Interesting fact: I am from a fifth-generation family farm and participated in 4-H and FFA. This will aid me in customer visits, and meeting, speaking to, and relating to customers. It also helps me understand units, and other basic insurance principals.
Valerio Bello-Munoz: Credit Intern College: Cornerstone University with a double major in Finance and Economics
Why GreenStone: I have enjoyed GreenStone’s values, especially the continuous encouragement for growth. They truly want us to learn and develop with the resources they provide. ◀
If you or someone you know is interested in applying to intern with GreenStone, find out more online through this QR code:
Behind the Scenes:
Cameron Victor Crop Insurance Specialist 3 years of service
What does a typical day look like for you?
My day-to-day entails working with farmers across the eastern half of Michigan teaching them how they can mitigate risk for their operation. This includes protection against downward market movement in the cattle, swine, and dairy industries.
What is your favorite part about your job?
One of my favorite parts of my job is getting to meet producers and hear their stories. I enjoy finding ways we can help them to continue to successfully run their operation into the next generation!
What is the value of having livestock insurance?
Livestock insurance protects against the risks of declining market values. Since the market can be very unpredictable, livestock insurance is valuable risk management tool that helps to protect the livelihoods of our producers.
Get to know GreenStone’s team of dedicated livestock crop insurance specialists!
Katelin Buckham
Crop Insurance Specialist
2 years of service
What does a typical day look like for you?
A typical day on the job for me includes traveling throughout the western half of Michigan to meet with producers and educate them on the different types of livestock insurance products we offer at GreenStone, and which would be best for them.
What is your favorite part about your job?
As a farmer myself, I find it very rewarding when I can help a producer enhance their risk management strategy through livestock insurance. I love being able to educate and help other farmers.
What is the value of having livestock insurance?
The right kind of livestock insurance can protect your farm from unforeseen circumstances that could otherwise be detrimental to your operation.
Working with a livestock crop insurance specialist will help you determine what type of policy would benefit your farm the most.
Robert Netrefa
Crop Insurance Specialist
14 years of service
What does a typical day look like for you?
There is no such thing as a typical day for me! Every day is different, and I enjoy being able to help farmers in northeastern Wisconsin protect their farms from the risk of declining market values.
What is your favorite part about your job?
I enjoy that I get to be a trusted advisor to my customers and help them determine which livestock insurance product is the best fit for them and their operation.
What is the value of having livestock insurance?
Livestock insurance protects against financial loss due to changes in market prices for your livestock, milk, or a decrease in your profit margin. With uncertain market conditions, having livestock insurance can provide peace of mind that your operation will be covered in the event of unforeseen circumstances. ◀
Pause for Applause
Congratulations to Tony Jandernoa and Dutch Meadow Dairy on being named the 2025 Dairy Farm of the Year! To be selected for this award you must show outstanding management of the dairy farm and business and leadership within the Michigan Dairy industry and local community.
Congratulations to Gerald Surbrook and Grand Valley Farms for their recognition as the 2025 Michigan Dairy Memorial Scholarship Honoree! Thank you for your contributions to the dairy industry and your community!
Congratulations to the MSU Dairy Challenge team who won reserve national champions at the North American Intercollegiate Dairy Challenge!
GreenStone employees Cameron Cook and Olivia Gager were selected as top four finalists for Michigan Farm Bureau’s Young Agriculture Employee Award. This award recognizes farm employees and agriculture professionals for their contributions to the success of their workplace and their communities. Congratulations Cameron and Olivia!
Congratulations to GreenStone employee Jordan Wernette for being awarded the Accredited Rural Appraiser designation from the American Society of Farm Managers and Rural Appraisers (ASFMRA). By meeting all educational requirements and passing a written examination, Jordan joins 43% of ASFMRA members who have achieved this status!
Staff Anniversaries
Please join us in celebrating and thanking these staff who are marking an employment milestone. From five to 30 years, this time represents the dedication and attention all employees provide our members.
July
Nathaniel Warman 5
Tracy Holman 5
Barbara Postma 10
Karen Messer 30
August
Darcye Wagner 5
Jessica Hamilton 5
Lauren Schenk 5
Matthew Lohr 5
Amanda Kline 10
Amber Romijn 10
Kimberly Kurka 10
Andrew Shockley 15
James Miller 15
Charles Neuenfeldt 20
Erica Norton 25
September
Jody Denor 10
Jessica Hurd 15
Sarah Hegerfeld 20
Value of a Cooperative
Did you know 2025 is the International Year of Cooperatives? The United Nations of General Assembly has declared this year the Year of Cooperatives, underscoring the vital role cooperatives play in sustainable development.
As one of those cooperatives, our business model puts our member-owners at the center of our association. Along with our commitment to our members through our vision, mission and values, GreenStone embraces the seven principles of a cooperative:
1. Open and voluntary membership
2. Democratic control
3. Economic participation
4. Autonomy and independence
5. Education, training, and information
6. Cooperation among cooperatives
7. Concern for community
To highlight a few:
Your membership in your GreenStone cooperative makes you an owner through your purchase of stock. The sale of stock provides capital back to GreenStone, which is used to help maintain a strong financial foundation and secure funding for the Farm Credit bonds which provide the funding for the loans we provide.
GreenStone members also have the power of your voice in our annual member elections. It’s up to you to appoint the leadership of our association: the governing board of directors and nominating committee. This is an important responsibility that ensures GreenStone continues to achieve our mission of serving our agricultural and rural communities.
Another significant value of your cooperative is the return of a portion of GreenStone’s
The GreenStone story
▲ Read about one of our cooperative’s members who is benefiting from the value of being a part of a cooperative on page 47!
When our members are successful, so is your cooperative, and that puts money right back in the pockets of our members.
annual earnings each year to our members in the form of Patronage. When our members are successful, so is your cooperative, and that puts money right back in the pockets of our members. The return of over $1 billion back to our members is a direct result of the success of our members, the relationships we’ve built with you, and your trust in GreenStone.
Beyond the financial benefits, support through education, resources and partnership with other organizations – including other agricultural cooperatives – are key to our mission and to the cooperative spirit. Helping members sharpen their skills and broaden their thinking keeps our customers on the leading edge. From conferences and seminars to mentorships and online resources,
“Thank you for your support of the Wisconsin FFA Association! Your support helps us continue the programs we are offering to students to help grow their leadership and career skills!”
– Tyson Gehrke, 2024- 2025 Wisconsin FFA State Treasurer
“Thank you for awarding me your 2025 scholarship. Farming has been a passion of mine since I was farming out of my toy box. I plan to use the scholarship money for books and other educational expenses.”
– Patrick Priesman, 2025 GreenStone Scholarship Recipient
GreenStone remains committed in our pledge to cultivate a robust, thriving community and empowering our members. For GreenStone, making the choice to strengthen communities through compassion and generosity is simple. Supporting youth by investing in education and empowering future generations with the tools to be successful, advocating for agriculture by connecting the value of farming and our customers to non-farm publics and key stakeholders, supporting causes that further develop our members and benefit their operations, helping to remove financial barriers and provide educational opportunities for those developing a career in the industry, and enhancing the quality of life in the rural
communities we serve are all pillars of our outreach and community focus. Each decision GreenStone makes as a leader in the agriculture industry, as a fellow rural community neighbor and as a memberowned cooperative, are all made with the future in mind.
As we celebrate the International Year of Cooperatives, we reflect on all the benefits of being a part of our cooperative, and the most important part of it is you, our member-owners! It is your partnership, insight, passion, commitment, and leadership that help us fulfill our mission of providing reliable financial services and rural expertise to continue strengthening our rural communities. ◀
“I am writing this letter to personally thank you for sponsoring my 2025 Michigan FFA Proficiency Gold Plaque for Diversified Agriculture Production. It is people like you that make the dreams of aspiring farmers come true with your generosity.“
– Riley Siemen, Harbor Beach FFA
“On behalf of the Michigan FFA Association, I would like to express our gratitude for your support as a star partner and sponsor. Your contribution plays a vital role in helping us achieve our mission of promoting premier leadership, personal growth, and career success.”
– Hunter Bognar, 2024-2025 Michigan FFA State President
Wise Additions
On a member elected board of directors, the value of appointed experts is recognized. When the time comes to replace that knowledge, an important search and selection process unfolds. Thanks to a successful process, GreenStone’s board of directors selected two new appointed directors to serve on GreenStone’s board: Paul Lindow and Rick Snyder.
Paul Lindow joined the board as the financial expert, filling the void that will be left when current appointed director Gene College retires from the board in December 2025. As the financial expert, Paul will chair the board’s audit committee.
Rick Snyder joins the board bringing a new set of expertise to the board table – as a technology and cyber security expert. Recognizing the evolution of technology in the office and on the farm, this is a new appointed director seat for GreenStone. Rick will also chair a new, soon to be established technology board committee.
Paul brings extensive experience in serving large organizations in areas such as risk management, internal audit, finance, and corporate governance. Paul is a retired senior partner with Deloitte & Touche LLP, where he focused on the banking and capital markets sector including serving the Farm Credit System from 2013 until his retirement in June 2024.
Paul received his Bachelor of Arts in Accounting from Michigan State University and is a graduate from the University of Washington Pacific Coast Banking School. Paul is a past member of the Michigan State University College of Business Advisory Board, and currently is a board member for The Grosse Pointe Academy as well as Teach for America – Teach Michigan. Additionally, he is a member of the American Institute of Certified Public Accountants, a Certified Public Accountant in Michigan and California, and a member of the Institute of Internal Auditors.
Rick currently serves as the CEO of SensCy, a cybersecurity start-up focused on helping small and medium-sized organizations improve their cyberhealth. He brings with him a myriad of experience as a business executive, venture capitalist, attorney, accountant, and served as the Governor of Michigan from 2011-2018.
Paul Lindow, Appointed Director with expertise focused in finance:
My interest in participating on our GreenStone board stemmed from my extensive experience in serving the Farm Credit System as a consulting professional with Deloitte. This experience informed me of the strong reputation and brand of GreenStone within the Farm Credit System. As a result, I am honored and excited to be part of our board.
From a personal perspective, I am married with three children – all boys – including a 12 year old. In addition to serving on GreenStone’s board, I am extremely active in my local community and an avid traveler, having visited over 80 countries – including Directors’ perspective
Rick holds a Bachelor of General Studies, a Master of Business Administration, and a Juris Doctor, all from the University of Michigan. He is also a Certified Public Accountant. In addition, Rick serves on the board of Business Leaders for Michigan and PVS Chemicals.
I hope to make a difference on the board as well as the audit committee by bringing my three decades of experience and board room knowledge to GreenStone. Additionally, I hope to be able to identify and guide us through the evolving and increasing stockholder expectations, and
as the designated financial expert continue to provide the oversight to ensure strong internal controls, financial management and financial reporting. I am most looking forward to serving as an ambassador for GreenStone within the Farm Credit System as well as the communities in which we serve. Also, I am relishing the opportunity to work with our outstanding management team and the board in assisting and advising on current and future strategic initiatives.
all seven continents.
Rick Snyder, Appointed Director with expertise in information technology:
As Governor, I had the honor to frequently interact with our agricultural community. It was a great experience, and, with teamwork, we were able to achieve a number of positive goals. Key partners in these efforts were Farm Bureau, various commodity groups, and GreenStone. One of the bills I was most proud of signing into law was the Michigan Agricultural Environmental Assurance Act. A winning program for all!
I hope that experience, along with my business, public policy, and technology experiences can enhance the board’s ability to provide
strong strategic direction and support to the GreenStone management team. In particular, I hope to leverage my expertise in cybersecurity to help GreenStone and its partners be even safer in the ever more challenging cyberworld.
My first farm experiences were interacting with my farm cousins in Ionia County and helping my best friend farm and fix old tractors in high school. Now, I am looking forward to building even stronger personal and professional relationships with members of the GreenStone family and contributing to the long-term success of the cooperative and its members. GreenStone’s historic track record has been great; we need to keep it going! ◀
Agriculture For All
The world we live in is complex and agriculture is no different.
The Great Lakes region of the United States presents an abundance of opportunities amidst the complexity.
Despite the many blessings, unity of agricultural interests is a challenge to achieve. Squabbles over priorities and the way forward can create divisions that at first blush may seem insurmountable. Facts and figures twist and one set of details can bury another reasonable position. Commitment to focus on the
big picture can help draw us together for one beautiful agricultural industry for all.
Often, we see what is important to one may not be perceived as important or consequential to the many. Yet when evaluating the policy impact or application of the rules, we must recognize the diversity and variety of impacts. Balancing divergent interests and bringing people together may be one of the most challenging aspects of any duty.
It may seem impossible to keep up with the details of changes in policy and rules, yet we are
accountable for them in our agricultural businesses. This can paralyze an agricultural operation to the point of compromising a business or even taking away what has been built. It is time to step into a new reality demanding early engagement to get the details and understand the impact on the bigger picture.
Currently the collective U.S. government budget sees no ending to growth, and we are dependent on leaders to problem solve the growing dilemma. Our independent speculation we each carry seems to assist in creating conflict with one another. Details matter in sorting out these conflicts.
Details for reforming SNAP to put the program on a more sustainable path to help lowincome households, lowering
tax burdens and stimulating economic growth, market access program funding to address the surging agricultural trade deficit, and using left over Inflation Reduction Act dollars to the advantage of voluntary, producer-led conservation programs are front and center in agriculture policy development. These policies and programs should not conflict with each other; hence legislative cooperation should be a reasonable expectation.
Consider engaging and encouraging our leaders to seek the big picture as the need to collaborate increases. Early collective engagement may help them help us toward the goal of keeping our agricultural businesses for the next generation. We collectively need to get in front of the issues in a unified approach. Contemplate the perspective of President Theodore Roosevelt on resolution of difficult challenges: “the credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great dedications; who spends himself in a worthy cause; who at the best knows in the end the triumph and the highest achievement, and who at the worst, if he fails, at least fails while daring greatly, and whose place shall never be among those cold and timid souls who neither know victory nor defeat.”
The job is to be fully engaged in the battle for agricultural prosperity together – one, beautiful agriculture for all!
Summer meetings are in full swing!
The budgeting process for the MI GreenStone PAC has been completed with the conclusion of the 2025 MI GreenStone PAC contribution campaign. Elected government officials were identified on a bipartisan basis by the board of directors to be recipients of MI GreenStone PAC funds with input from Kelley Cawthorne, GreenStone’s lobbying consultant in Michigan. Meetings and delivery of the funds has started and the steady communication updates on our rural communities and agricultural industry continue. The beneficiaries are made aware the funds came from farmer cooperative members who appreciate the work being done to address challenges and create further opportunities for Michigan agriculture.
In Wisconsin, since the conclusion of the 2025 WI Farm Credit PAC contribution campaign, a disbursement has been made through The Welch Group, the lobbying consultant in Wisconsin. Further opportunities to
connect legislators to GreenStone members and staff are being identified. Then when legislators can accept contributions to their campaigns the WI Farm Credit PAC will make disbursements.
The national Farm Credit PAC also continues to disburse funds within GreenStone’s territory. Meetings with members of Congress, farmer members and directors, and GreenStone staff have been mutually beneficial as the Farm Credit story is shared and the happenings and impacts of DC activities are relayed. These introductions and the financial support have resulted in meaningful connections that provide follow-up efforts to educate and advocate for policy with members of Congress and their staff. In this season, follow-up legislative meetings are taking place to focus on Farm Credit’s priorities for the Farm Bill. The urgency of getting a Farm Bill done is communicated alongside Farm Credit efforts to build on our mission to support rural communities and agriculture.
This work is not possible without your support! Members of the legislature at all levels commended you for your work and participation in the legislative process as it establishes a positive engagement. PACs are just one part of the process for ensuring elected officials recognize agriculture as an essential component
to a thriving economy and food system. Stay engaged as champions of our rural communities and agriculture through our PACs drives and branch legislative visits. We all must continue to work closely to raise awareness and gather support for the future of rural communities and agriculture in Michigan and Wisconsin! ◀
▲ Congresswoman McDonald-Rivet met with GreenStone members and staff on April 22 at the Bay City branch and Congressman Barrett was able to do the same on April 24. Thank you to members and staff that joined the discussions. Be on the lookout for more opportunities to be involved this summer!
Land to Make Memories On
For David and Laura Boomer, purchasing their own recreational property was about more than just enjoying the beauty of the natural landscape and peace and quiet of the remote location. It was about creating lasting memories with their family for generations to come!
“We knew we wanted to purchase property up in the Traverse City area when our daughter moved up here,” said the Boomers. “We had been looking for years, but nothing had worked out up until we found this property. This one was just meant to be!”
Originally from Michigan, David and Laura moved to West Palm Beach, Fla., for a number of years where David worked as a firefighter and paramedic out of Dade County. “Living down there made us realize we really enjoyed living up north,” said Laura. “We moved back to Michigan thirty years ago after our first child was born, but that really solidified for us that our home was up here.”
After raising their family in the Eaton Rapids, Mich., area, David and Laura were ready to find land their family could enjoy spending time on together. “We started looking for properties every day on Zillow,” David explained. “It felt like there just wasn’t the perfect fit out there. But we kept looking.”
“It was getting kind of frustrating,” Laura added. “We were looking at properties for about three years, and there were several times we lost out on them just because the demand in the area is so high for recreational land. We didn’t give up though!”
Well Worth the Wait
While they were hunting for the perfect remote getaway, David made a call to GreenStone so they could secure financing and be ready to move right away if they wanted to put an offer in on a property.
“I had heard a lot of good things about GreenStone from people I knew, and also our son was familiar with GreenStone because he studied an ag-based program at Michigan State University,” said David. “He knew GreenStone from their
▶ David and Laura Boomer are looking forward to making countless memories with their children and grandchildren on their land.
We had been looking for years, but nothing had worked out up until we found this property. This one was just meant to be!
agricultural lending services, so we were excited to learn they also provided financing for rural home loans and recreational land!”
The Boomers began working with Stacy Stinson, senior financial services officer at GreenStone. “Working with Stacy was great,” says Laura. “She explained the whole process and how it would work with us and answered any questions we had right away.”
David also recalled how Stacy worked with them to obtain a preauthorization letter prior to putting any offers in on properties so they would be ready to act quickly in such a competitive market.
“She explained to us why it was so important to have one and then was able to get us the letter back within the same day! There really were no hold ups working with Stacy, and we were amazed at how timely she was
with getting everything we needed to us.”
“Most of the paperwork we had to sign was able to be done right on our phones,” Laura added. “It truly was a very easy process.”
The search continued, until they came across a parcel of 21 acres of red and jack pine forest located near Grand Traverse Forest Management property. “We actually almost passed on this land too just because we had been looking for so long and we wanted to make sure it was everything we had been searching for,” said Laura. “When we went to visit the land in person, we knew we had finally found the right one, and we put our offer in right away!”
Property to Call Their Own
“I remember one of the first times we visited the property after we purchased our land. We were out
walking in the woods, and I said, ‘do you hear that?’ and it was dead quiet. I said, ‘That’s the sound of nothing!’,” David laughed.
David and Laura both agreed one of the most important attributes of their perfect plot of land was that it had to feel like you were up north. “We just love the serene atmosphere of being surrounded by all the trees. When we’re out here it just feels like you’re somewhere else completely,” commented Laura. “We’ve always loved spending time out in the woods, and this property really gave us that remote “up north” feeling we were looking for.”
Both David and Laura are excited to experience the change of the seasons on the land, especially the winter. “I’m just excited to be able to take a walk in the woods and see the snow decorating all of the trees,” says David. The property is mostly wooded, with a mix of red and jack pines standing up to sixty to seventy feet, providing plenty of shady coverage and making the property feel even more enclosed and private.
David is also excited about all the native wildlife in the area and being able to hunt on the land come fall. Laura is looking forward to harvesting Morrell mushrooms on the property in the springtime and just spending more time outdoors in the peace and quiet.
A Place to Gather
“Our goal with this property was to have somewhere to spend time as a family and get to watch our grandchildren grow up and have fun out here,” the Boomers said. “We plan on adding trails to the property and are hoping each of our grandkids can have their own special place on the property that they will enjoy coming back to as they grow up.”
With their dream property secured, David and Laura are looking forward to being closer to family, spending more time in nature, and eventually would like to build a home on the land and retire there.
“We just love how peaceful it is out here, and the potential for what we can do with the land is endless. We’re just looking forward to spending as much time as possible up here and making meaningful memories with our family,” they shared. ◀
◀ The Boomers stand amidst the pine trees on their new property with Financial Services Officer Stacy Stinson, who helped ensure they had everything they needed for a smooth closing.
▶ David and Laura’s property brings to life one of their favorite John Muir quotes: “And into the forest I go, to lose my mind and find my soul.”
We’ve always loved spending time out in the woods, and this property really gave us that remote “up north” feeling we were looking for.
Summertime in Michigan
BY: JIMMY GRETZINGER, Associate Producer, Michigan Out-of-Doors TV
I have to say right up front that I am spoiled when it comes to summertime here in Michigan. My family moved to the town of Ludington when I was in third grade and even though I didn’t realize it at the time, that move would change how I viewed summertime for the rest of my life. Although I don’t remember much from my third-grade year, I do remember moving. I remember it was dark and snowy the night we moved in and the moving truck got stuck in the driveway of our new house.
The best part about moving to Ludington was revealed in the morning. My parents were renting this new house, and it sat on a bluff overlooking Lake Michigan. Although this setting might give the impression, we weren’t rich. My dad was a State Farm agent, my mom did some art classes through the schools, but somehow they managed to make it work. We were now living on the banks of the big water, in a great summer town. I did not travel much as a kid so my world was that lake – a 100
Between the mild weather and abundant fresh water, Michigan offers a summertime experience that few states can match.
foot drop off to the beach and the water. This house and the view made me fall in love with Lake Michigan, especially during summertime!
As I grew up and started working with Michigan Out of Doors TV, I was able to see much of the state I never knew existed. Who knew there was an east side? Who knew of the marinas of Lake St. Clair? Who knew about all the cool port towns up along the sunrise side of our state? Although all those areas are great, I soon learned that where I grew up was one of the best places to spend the summer in the entire state. Every year tourists would come from all over to fill the state park and the downtown was always busy. However, you could always find a nice spot on the beach to call your own.
Between the mild weather and abundant fresh water, Michigan offers a summertime experience that few states can match. The beaches of Michigan are incredible. The endless miles of sand and the quant little towns that line our shoreline are destinations for residents and non-residents alike.
So, here is the question for you –and for me. What are you going to do so that this summer doesn’t pass you by? Here are a few suggestions. Get your calendar out now and block off several weekends, whatever you think is doable. You don’t need to worry about the exact plans right now,
but hold the dates and think about some places you want to go this summer to experience summer in all its glory!
Being a west-sider and now living in another tourist location of Grand Haven, I am definitely biased to the gold coast! So here you go. Try the beaches of New Buffalo, there are some great establishments for food and beverages and lots to see. Consider heading north to South Haven, Saugutuck, Holland, or look for me on the beaches of Grand Haven! Take a trip to Silver Lake and rent a jeep to explore the dunes. Slip up to Pentwater and have dinner overlooking Pentwater Lake. Ludington has the most popular state park in the state; why not give it a try! If you’re a golfer, stop in and play Manistee National or splurge and try Arcadia Bluffs. Take the time to check out Frankfort and Leeland, both a little off the beaten path but both are great! Traverse City is crowded, but there is a reason, it’s awesome.
That’s only the west side of our great state; the east side and the Upper Peninsula are home to some great options as well! The main thing is this – get out and enjoy all our summertime can offer because we have a limited amount of time and we don’t want to waste it! ◀
Country Living –Open Fields Blog
Barn Home Financing with GreenStone
Benjamin Hawes, Senior Financial Services Officer
Barn homes, also known as barndominiums or barndos, are rapidly gaining in popularity for building and financing across the country.
4 Things Your Lender Needs During Home Construction
Sam Schafer, VP of Lending
Whether you’re building your home yourself or contracting it out, here are the four main documents your lender will need during your home construction process.
How to Add Value to Your Home
Mike Forst, VP of Lending
Consider these ideas to add value to your home, whether you are looking to attract buyers or have no plans of ever moving!
Refinancing vs Interest Rate Conversions
Autumn Rector, VP of Lending
GreenStone publishes regular updates on our Open Fields blog. Check out some of the posts you may have missed at www.greenstonefcs.com/ openfieldsblog. The opinions stated herein are not
What are the differences between a refinance and an interest rate conversion? Learn more about the options available to you through both of these financial tools. ◀
Safely Swimming
Waves, especially in large bodies of water like the Great Lakes, come in rapidly, often every three to four seconds.
Swimming safely is of the utmost importance. Making sure each member of your family knows proper swimming technique before getting in the water is crucial. Whether it’s in a pool, local lake, or one of the Greats, these tips could be helpful for keeping your family safe for all the swimming adventures this summer!
1. Wear bright colored swimsuits. While darker colors may be more fashionable, it is harder to see those swimsuits in the water, especially from a distance. Having children wear high visibility colors, such as orange, yellow, or green, will help everyone know where they are in the water and if they need help.
2. Choose an adult water watcher. It can be easy to think others have an eye on the water, but designating someone to keep their eyes on the water removes the guess work. Having one person aware of and committed to the responsibility can alleviate a lot of worry. Taking shifts is a good option.
3. Talk with lifeguards and read the signs. When planning a trip to open water, the lifeguards know the water conditions better than anyone. Taking time to chat with them as a family and reading the signs to learn more about what the day looks like will be helpful when
preparing to get in the water.
4. Steer clear of the pier. Waves are chaotic and unpredictable near piers, often being much larger than a typical wave. Swimming at least 100 yards away from a pier will help keep your group safe.
5. Take breaks! Waves, especially in large bodies of water like the Great Lakes, come in rapidly, often every three to four seconds. Playing and swimming in the waves will wear down even experienced swimmers. Knowing your abilities and taking breaks when you feel tired will help keep you alert and ready for all the waves.
6. When caught, flip and float. If you find yourself caught in one of the many dangerous currents that can occur in lakes, flip on your back, float, and follow the current. Taking breaks to swim along the shore until you’re able to swim toward the beach can conserve energy. If you find yourself too tired, floating on your back and signaling for help is the best way to safely navigate the currents.
Swimming can be both one of the most fun and most dangerous summer activities. Taking the time to make sure everyone in your group knows how to navigate the water could save lives. Hopefully these tips help your family have a fun and safe summer! ◀
Perfect Pickling
Bountiful harvests are underway! Fresh produce is great to have in the summertime, but it always seems to turn before we have time to get to all of it. Processing some of the fresh produce can help extend its life and allow you to enjoy fresh tasting produce year-round. Start with finding a pickle recipe you like, whether it’s bread and butter or dill – these tips and tricks are sure to help you prepare the perfect pickles!
1. Avoid using supermarket produce, using fresh local
produce is always preferred. Some supermarket produce has a waxy covering to preserve shelf life which can affect your results.
2. Select or cut produce to be uniform in shape. When preparing a batch, it’s important they are all roughly the same shape and size. This way they take the same amount of time to pickle.
3. For crisper produce, spread the produce into a wide bowl and add a layer of pickling salt on top. Cover and let sit overnight in a cool place. Take
out the liquid, rinse and dry your produce before pickling like normal. The salt pulls extra moisture out for a crunchy bite.
4. Let your brine cool down completely before adding it to the vegetables. Some vegetables can cook and become soft when a hot brine is poured over top of them. It is important to warm the brine so the salt and spices can dissolve, but cooling it will help keep everything as crisp as possible.
5. Take care of your jars! It’s important to sterilize your jars before you start to ensure proper conditions. After filling, wiping the rim of the jar with vinegar will help achieve a tight seal. Instead of placing the cold jars directly into the boiling water for proper processing, place the jars in first, fill with water, and then raise to a boil. This allows the cans to acclimate to the temperature,
making it less likely for them to shatter while still ensuring a good seal.
6. Label and date your jars. When pickling different types of vegetables, it’s important to date them to make sure they have proper processing times. Every vegetable takes a different amount of time to pickle so having dates recorded can help ensure you get the perfect pickled product!
7. Store in a cool, dry, and dark place. This could be a pantry, cabinet, or basement. Storing in a warm spot increases the likeliness of mold and yeast growth which can spoil the batch. It can also lead to excessive pressure in the jar, potentially bulging the lid – or worse, breaking the jar. When properly stored, they can stay more crisp and maintain their fresh-tasting flavor. ◀
Commodity Cuisine
Summer Stir Fry
Thank you to Michigan Farmers Market Association for sharing this tasty stir fry recipe! Using any fresh veggies you have available, this recipe is great as a main dish or a passing plate!
INGREDIENTS
• 1 tablespoon vegetable oil
• 2 chicken breasts, cut into strips (optional)
• 1/2 cup diced onions
• 1/2 cup diced celery
• 3 cups chopped seasonal, fresh vegetables
• 1 tablespoon soy sauce
• Pepper to taste
DIRECTIONS
Chop or dice vegetables. Heat frying pan or wok over high heat. Add oil to pan. Stir-fry onion for three minutes. If including chicken, add and cook. Add seasonal vegetables. Stir fry vegetables for three minutes or until all vegetables are tender-crisp. Add soy sauce and pepper and stir to blend. Serve over rice.
For more recipes using fresh produce, check out Michigan Farmers Market Association’s recipe cards here by scaning the QR code below. ◀
Claims & Appraisals
Sometimes, no matter how much hard work and dedication you put in during the growing season, Mother Nature will not cooperate. If you are anticipating your yields may fall below your guarantee, just know many producers have been there before.
While this is not the situation you’d like to be in, crop insurance provides an added layer of protection to your riskmanagement plans. If you do find yourself having to make a claim, here are some important things to remember that can help the process go a lot more smoothly. Don’t lose out on a potential indemnity because notification was not given on a timely basis.
• Perils – Most naturally caused perils are included under multiple-peril crop insurance (MPCI) coverage. This includes but is not limited to adverse weather, failure of irrigation water supply, fire, insect damage or plant disease (unless you improperly or insufficiently applied pest or disease control measures) and wildlife damage. Those covered under Revenue Protection are also protected from a decline in market price as well.
• Timeframe – Insurance coverage generally begins at time of application or time of planting, whichever is later. The end of the insurance period is generally
recognized as the earlier of total destruction of the crop, final harvest of the crop, abandonment of the crop or the end of the insurance period (which is December 10 for corn insured as grain and soybeans).
• Insured’s responsibilities –For planted crops, the insured must notify the insurance company within 72 hours of the initial discovery of the damage or production loss, but no later than 15 days after the end of the insurance period, even if the crop has not yet been harvested. If you have a revenue protection policy and have a claim based on strictly price, the insurance company must be notified within 45 days of the harvest price announcement for the crop.
• Appraisals – If you are going to harvest your planted crop in any non-traditional manner, a crop appraisal needs to be completed, otherwise you may lose out on a potential indemnity payment. The most common time an appraisal is needed is when you’re going to chop corn for silage that is insured as grain. If you have a corn policy, any acreage that is not harvested traditionally as dry grain should be appraised. You should contact your crop insurance specialist at least one week in advance of when you are planning on harvesting, so an adjuster can come out and
perform the appraisals while the crop is still in the field.
If you harvest before an adjuster can perform appraisals, representative sample strips must be left in the fields so the adjusters can use them for appraisals. The strips must be at least 10 feet wide and run the entire length of the field. If you do not agree with the appraisals you’ve
gotten from the adjuster, do not sign them. Call your crop insurance specialist right away and we can have another adjuster come out and perform a second appraisal.
If you have any questions throughout your claims adjustment process, please contact your crop insurance specialist. ◀
Updates:
Fresh Apple Reviews
This is a reminder that your fresh apple policy can be signaled out for a fresh review at any time during the year or at claims time. You will be asked to prove that you have sold your apples as fresh and at what price they were sold at. The requirement is that 50% or more were sold as fresh, at a fresh price in at least one out of the last four years. Call us if you need more information regarding what documents can be submitted and what needs to be on those documents. If you cannot prove fresh sales, RMA requires your apples to be changed to processing for the current crop year. ◀
Hail Insurance
It’s not too late to purchase hail insurance for 2025. Hail is a separate policy from your multi-peril crop insurance coverage. As a bonus, your hail policy can provide coverage for fire, lightning, vandalism/ malicious mischief and transit to the first place of storage. Rates and coverage can vary by crop and county. Keep in mind, hail insurance must be purchased before damage occurs. Contact your crop insurance specialist today to set up an appointment to review your options. ◀
Important Date Reminder
Late fees will be charged on any unpaid premium on October 1. Please make note of this important change as late fees cannot be waived. If you cannot pay your premium before the due date, please contact your contact your Approved Insurance Provider (AIP) to make payment arrangements. Payment is due regardless of whether you have an outstanding claim. ◀
2025 Fall Wheat & Forage Claims
Appraisals are required when a customer plans to do something with the crop other than harvest in the normal manner. If you do not plan to take your wheat/forage to harvest, we must appraise the acres prior to destruction. ◀
Forage Production
If you think you may be facing a forage production loss, make sure to contact your specialist to file a claim. If you didn’t have forage insurance for the 2025 crop year and are interested in coverage for 2026, the sales close date is the same as wheat, September 30. ◀
Alert Before You Chop!
It won’t be long until it’s time to fill the bunker silo. Before chopping corn for silage, please call and arrange for an appraisal ahead of time. Every effort will be made to have your crop appraised before you chop. Otherwise, you will be instructed on how to leave samples in your field for later evaluation. ◀
Crop Insurance Calendar
LRP Additional Products
Additional LRP Products to Benefit You
As a dairy farmer or livestock producer, you know how rapidly changing market prices can impact your farm and your livelihood. Livestock Risk Protection, or LRP, is a risk-management tool used by producers to insure the futures prices of their swine, dairy, or beef cattle from declining markets.
Producers now have the ability to insure higher values for their cull cows and day-old calves due to lowered weight requirements for LRP coverage set in place by the USDA. Learn more about how these additional LRP products can benefit you and your farm!
How Does Livestock Risk Protection Work?
LRP is a revenue-based program that insures the prices of swine, dairy, and beef cattle against a decrease in market revenue. It protects up to 100% of the future values of an operation’s livestock, not the loss, death, or destruction of livestock.
Unlike conventional crop insurance, LRP is sold every weekday, based on market future prices. When the market closes at 3 p.m. Eastern Standard Time each day, those future prices are what are offered to you, the producer, with coverage levels ranging from 70% - 100%.
Coverage can be placed on your livestock anywhere from 13 to
Producers now have the ability to insure higher values for their cull cows and dayold calves due to lowered weight requirements for LRP coverage set in place by the USDA.
52 weeks out. Producers can insure cattle and dairy cows based on live weight, while swine is based on lean weight.
LRP can also be combined with your Livestock Gross Margin policy to provide a more comprehensive risk management strategy.
Additional LRP Products Now Available
Due to beef cattle prices and non-milk prices on dairy farms reaching an all-time high, the USDA has introduced two new options for insuring your cattle through LRP. These additional products allow producers to reduce their risk to market movement and insure the value of their livestock.
Cull Cows
LRP for cull cows can be booked under a feeder cattle Specific Coverage Endorsement, or SCE, and settles against the feeder cattle index. This is because historically cull cows have a better price fit with feeder cattle in addition to having closer seasonal price movements.
Producers looking for coverage on their cull cows must market them within a 60-day window of the end date, and they must have a weight limit between 800 and 1,500 pounds.
Unborn Calves LRP for unborn calves is
intended to cover the increased value of any beef on dairy cross calves that will be sold between 60 and 99 pounds. This coverage option protects producers against declining market prices for day-old calves that are intended for beef.
Similarly to how LRP is now available for cull cows, day-old beef calf pricing is also booked under the feeder cattle SCE and is priced off the feeder cattle index. The Unborn Calves SCE is booked as a feeder cattle endorsement and settles against the Feeder Cattle Index. It uses a seasonal price adjustment factor to reflect seasonality and differences in cash dairy beef and cross calf prices compared to the Chicago Mercantile Exchange feeder cattle index. Producers looking for coverage on their day-old calves have a 30-day window to market them and will need to provide a sales record.
How Do These Additional Products Benefit Me?
LRP coverage is customizable for all styles of operations. With rapidly fluctuating markets, it’s more important than ever to secure coverage to protect your livestock, your farm, and your livelihood.
GreenStone also offers an exclusive livestock analyzer tool through our app or the website. This tool allows producers to view quotes, request coverage, track endorsements, and access the latest market information to always stay informed.
Our dedicated team of livestock crop insurance specialists are here to answer any questions you might have on how LRP or other livestock insurance options can help benefit your farm. Contact your local branch to learn more! ◀
Keeping the Wheels Turning
Mike Bagnall was 18 years old the first time he walked into a GreenStone branch. Born and raised on a dairy cow operation, Mike knew he belonged in a career in agriculture.
“I could never see myself working a 9-5 office job,” explained Mike. “I spent all my summers growing up out in a tractor. I was born to be out on the road and in the field.”
For Mike, his passion was found in hauling
livestock for the producers who supply our country with the food we all enjoy.
“I was still in school when I applied for a loan with GreenStone to buy my first truck and trailer,” said Mike. “It seemed like all the stars aligned for me at the time because I was able to buy my truck from someone who was retiring from the business. I was really serious about making this my career, and with the support I received from GreenStone, I was able to make it a reality.”
A Business Based on Loyalty
Eighteen years later, Mike now owns and operates two trucks and trailers hauling livestock like beef and dairy cows, swine, and even sheep. With the help of his brother, Mike is able to run both trucks and trailers multiple times a week making pickups and deliveries, mostly to and from livestock auctions for over twenty farms across northeastern Wisconsin. Mike has even financed two custom-built trailers through GreenStone with moveable gates that can be adjusted for the type of livestock he is hauling.
“We continue to get busier and busier,” Mike says. “Some of my customers are the same people who I started hauling for back in 2007. I’ve continued to grow my customer base over the years, but something that is extremely important to me is loyalty.”
This kind of loyalty for Mike means when he gets a call from one of his customers, he’s on the road headed their way. “I’ve hardly missed a Monday hauling livestock in the last eighteen years,” laughed Mike. “When you’ve got 15-20 people regularly calling on you, you better be there for them. I know they’re relying on me, and I want to be the person they can depend on.”
The Value of a Dependable Lender
While Mike is focused on being there for his customers, having a dependable lender has been a tremendous help in continuing to grow and expand his business.
“I remember there was a time when I needed to buy a truck very quickly to keep normal operations running smoothly. I texted my loan officer at GreenStone and was able to pick up a check the same day and had purchased a new truck by that afternoon. You don’t get that anywhere else! I’ve applied for loans from other lenders and there were always too many hoops to jump through. With GreenStone it’s always been a simple process, and they want to see you be successful and continue to grow your business.”
A Team Effort
When Mike became a business owner at 18, there were a lot of things he had to learn quickly. One of those was how to manage his growing business’s taxes. After about a year of trucking, he quickly realized the value of tax and accounting services to support the growth of his trucking operation. Again, he
turned to GreenStone for support.
“When you own your own business, you really need to know your stuff when it comes to taxes. I knew right away that I wanted my taxes done right the first time, so I could focus on other parts of my business.”
Mike has been a tax customer of GreenStone since the beginning of his business. Throughout the years, he’s gotten to know his GreenStone team well, especially his tax accountant, Megan LaPlant.
“Megan does an amazing job. I know when I turn over my paperwork to her it’s going to be done right, and I don’t have to worry about it,” says Mike.
Growing up in the same small town, Megan graduated with Mike’s brother who now works with Mike hauling livestock multiple times a week.
“That’s the thing about working with GreenStone, the people there understand our industry and there’s a good chance they’re also your neighbor or someone you know. It makes it easier because they understand the type of work we do whether that’s something like farming or hauling livestock,” Mike said.
“One thing I really appreciate about working with Mike is his willingness to learn,” commented Megan. “He sat down with me recently to learn more about the depreciation of his equipment and how it impacts his business. The fact that he’s eager to learn more about what goes on ‘behind the scenes’ so he can continue to run his business more efficiently says a lot about him as a business owner.”
What does continued success look like for Mike? That’s easy. It means continuing to serve the farmers of northeast Wisconsin and maintaining the same great relationships he’s built along the way.
“My goal is to continue to keep my people happy and have them keep calling me,” Mike says with a smile. “This is what I belong doing, and the relationships I’ve built and people I’ve met along the way are the reason I love what I do.” ◀
◀ Mike Bagnall was just 18 years old when he started working with GreenStone. Now 18 years later, he owns and operates a thriving trucking operation.
This is what I belong doing, and the relationships I’ve built and people I’ve met along the way are the reason I love what I do.
Summer Tax Calendar
July
Non-farm employers file Form 941 for the second quarter to report Social Security, Medicare, and withholding
Form 5500 is due for all employers that maintain an employee benefit plan such as a pension plan
If not able to file, file form 5588 to request an automatic 2.5-month extension
September
Third quarter estimate is due for 2025 for individuals that pay estimated taxes
S Corporations file a 2024 calendar year income tax return (Form 1120S) if you requested an automatic extension
Partnerships file a 2024 calendar year income tax return (Form 1065) if you requested an automatic extension
Corporations deposit third installment of estimated tax for 2025
October
Individuals file a 2024 income tax return (Form 1040) if an automatic extension was requested
Corporations file a 2024 calendar year tax return (Form 1120) if you requested an automatic extension
Non-farm employers file Form 941 for the third quarter to report Social Security, Medicare, and withholding
BY MATTHEW COSGROVE, VP and Chief Information Security Officer
Cybercriminals are constantly evolving their methods, moving well beyond traditional email scams to exploit newer technologies and social engineering tactics. In previous editions, we explored wire fraud and common phishing emails. This quarter, we focus on two growing threats—voice phishing (Vishing) and QR code phishing (Quishing). These scams are increasingly sophisticated and harder to detect, even for the most cautious and diligent of users.
Understanding Advanced Phishing
Advanced phishing goes beyond suspicious links in emails. Today’s fraudsters target victims through multiple channels –calls, texts, and even printed QR codes – counting on urgency, trust, and convenience to catch people off guard.
Voice Phishing (Vishing)
Vishing occurs when scammers pose as representatives from trusted institutions – like banks, government agencies, or tech support – to pressure individuals into giving up sensitive information.
According to Keepnet Labs, in 2021 approximately 59 million Americans – 23% of adults –lost money to vishing scams. That number has climbed steadily from 43 million in 2019. Nearly 70% of these scam calls used spoofed phone numbers, making them appear to come from trusted contacts (Vishing Statistics 2025: Unmasking the Voice Phishing Threat, 2025).
How Vishing Works
• Impersonation: Callers sound professional and claim to be from known entities.
• Urgency: The scammer insists there’s a pressing issue – like fraudulent charges or locked accounts.
• Data Requests: Victims are pressured to share personal or financial information such as Social Security numbers, passwords, or account details.
Advanced phishing goes beyond suspicious links in emails. Today’s fraudsters target victims through multiple channels: calls, texts, and even printed QR codes.
An Example of Vishing
You receive a call from someone claiming to be your bank’s fraud department. They say unusual charges were detected and ask you to verify your identity. Wanting to act quickly, you provide your account information – only to realize later it was a scam.
QR Code Phishing (Quishing)
Quishing attacks involve malicious QR codes that redirect users to fraudulent websites or install malware. These codes may appear in public spaces – flyers, restaurant menus, or business cards – or in seemingly legitimate emails and messages.
Hoxhunt reports that quishing attacks have increased by 25% year-over-year, highlighting their growing popularity among scammers (Baker & Cartier, 2025).
How Quishing Works
• Placement: Fake QR codes are placed on posters or included in phishing emails.
• False Promises: They may claim to offer discounts, contest entries, or policy updates.
• Redirects: Scanning the code opens a fake site that can steal login credentials or install malware.
An Example of Quishing
While shopping, you see a flyer offering a store discount via
QR code. You scan it, land on a familiar-looking page, and enter your credentials – unknowingly handing them to scammers.
Multi-Channel Attacks: A Dangerous Trend Fraudsters now combine techniques – email, QR codes, and voice calls – to increase success rates. Here’s how a layered phishing attack might unfold against a bank customer or employee:
Step 1: The Initial Lure (Email): The target receives a highly convincing email that appears to come from a legitimate source such as their bank, vendor, or IT department. It includes personal details like their name or references to recent events to build credibility. The email warns of a problem, such as a needed software update, locked account, or urgent policy change, and asks them to take immediate action.
Step 2: The Mobile Bridge (QR Code / Quishing): Rather than including a suspicious link, the email contains a QR code and encourages the recipient to scan it with their smartphone to “securely” access a portal or document. This step:
• Shifts the victim to a mobile device, often with fewer security tools than a work computer.
• Evades traditional email security filters that don’t inspect QR code images.
• Leverages trust in mobile convenience to reduce scrutiny.
Step 3: The Deceptive Destination: The QR code leads to a fake login page or a form requesting personal information, such as a name and phone number. The page may mimic the layout of the recipient’s bank, employer, or internal system. It might also attempt to download malware disguised as a policy document.
Step 4: The Follow-Up Call (Vishing): Within minutes, the target receives a call from someone claiming to be the support agent referenced on the site. The scammer, now armed with the victim’s name and device information, sounds credible and references the “security update” to establish trust. They ask for:
• Multi-factor authentication (MFA) codes
• Account credentials or passwords
• Remote access to the device
Each step appears plausible on its own, but when layered together, they form a highly effective and convincing attack.
Protecting Yourself Against Advanced Phishing
1. Verify Caller Identity: Hang up and call back using a phone number from an official source – never the
one provided in a suspicious message.
2. Pause Before Acting: If a request feels rushed or threatening, stop and think. Scammers want you to react without verifying.
3. Be Cautious with QR Codes: Only scan QR codes you receive from trusted individuals or businesses. If something feels off, go directly to the website by typing the address.
4. Use Secure Scanning Tools: Most modern smartphones preview a URL before opening it – always review the link and don’t proceed if it looks suspicious.
5. Stay Informed: Threats evolve. Keep learning about new scam tactics and encourage others to do the same.
GreenStone’s Commitment to Your Security
At GreenStone, protecting your financial and personal information is one of our top priorities.
If you ever receive a suspicious message claiming to be from GreenStone – whether by phone, email, or QR code – do not respond. Instead, contact your local branch directly or call us using the verified number listed on our official website. Never use contact information provided in an unsolicited message. ◀
