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GreenStone’s 2018 Annual Report Showed Steady Growth

• Net Income: $185.2 million

GreenStone Farm Credit Services released its 2018 Annual Report in March. The report highlights the record-level earnings the association experienced in 2018, powered by internal efficiencies and a diverse loan portfolio.

• Total Loan Growth: 4.5 percent

“Through our diversified portfolio growth, continued vigilance in maintaining cost effective operations and working closely with each member to meet their needs, GreenStone remains in a very favorable financial position. This strong position helps us design individual solutions for our members and allows us to return an even higher percentage of earnings to them through our patronage program,” says Dave Armstrong, GreenStone CEO and President. Based on the 2018 earnings, the GreenStone board of directors announced a record patronage payment of $82 million distributed on March 14, 2019. This year’s payment brings the total patronage paid to our memberowners to $400 million since the program’s inception in 2006. Other financial highlights in this year’s report include:

• Total Assets: $9.0 billion • Patronage Paid: $400 million “Most importantly, we remain committed to our members and optimistic about the future of American agriculture and rural communities,” Armstrong says. “The agriculture industry is relatively healthy compared to the depth of downturns in the past and GreenStone remains well positioned to support its members today and in the future.” The report can be viewed and downloaded on the association’s website, www.greenstonefcs.com. ■ Facilities Update Spring 2019 The Ionia branch remodel was completed in March with staff returning to the main level of the building. Outside the building, the project will continue with landscaping and parking lot work through this summer. A new branch building construction is underway in Sandusky and estimated for completion in June 2019. ■

seminars for 200 individuals interested in building a new home. Packed with relevant and timely information, the sessions covered the home construction process from start to finish, including topics: • Determining which selections will add value to your home • Considerations for do-ityourself or hiring a contractor • Financing options for your project • Loan approval process If you missed this year’s construction events, contact your local GreenStone branch to get more information for your individual needs! ■ Logging Forums GreenStone recently sponsored two Logging Forums in northern Michigan , providing loggers and attendees relevant industry education and updates. Both events were offered at no charge, and attendees also earned 4 SFI points learning about the following topics:

Construction Seminars

• Equipment financing, accounting, record-keeping and business planning

This past winter, GreenStone hosted more than 15 construction

• Master Logger certification training information

• A legislative update and an update from local mills If you are interested in attending a logging forum next year or learning more information, please visit your local GreenStone branch. ■ Ag Day at the Capitol GreenStone celebrated with many others at Michigan’s Ag Day at the Capitol this year. The event once again provided a great way for agriculture industry leaders to meet with Michigan legislators about current topics and issues, while showcasing the diversity of Michigan agriculture through product samples and education. ■ Wisconsin Co-op Day The second annual Wisconsin Co-op Day at the Capitol was held in February where 35 cooperatives came together in Madison, Wisconsin to share their collective story. Wisconsin Co-op Day at the Capitol gives the cooperative network the opportunity to become “citizen lobbyists” for the day and explain to their legislators the importance of organizations, like themselves, to their local districts. It also provides members the connection to advocate for issues that impact their cooperative. ■

Mark Your Calendar... APRIL

15 23

Small Town & Rural Development (15-17) Crystal Mountain, Thompsonville, MI GreenStone Annual Meeting East Lansing, MI

MAY

7

GreenStone Election Ballots Mailed to Members

27

GreenStone Offices Closed In honor of Memorial Day

JUNE

19

4-H Exploration Days (19-21) Michigan State University, East Lansing, MI

JULY

10

Wisconsin State FFA Convention (10-13) Madison, WI

12

GreenStone Election Ballot Deadline

GreenStone Offices Closed In honor of Independence Day

4 10

Michigan Livestock Expo (10-14) Michigan State University, East Lansing, MI

15

Michigan Dairy Expo (15-19) Michigan State University, East Lansing, MI

16

Michigan Livestock Expo Sale-abration Michigan State University, East Lansing, MI

23

Wisconsin Farm Tech Days (23-25) Johnson Creek, WI

Partners — Spring 2019

18

Profile for GreenStone Farm Credit Services

Partners Spring 2019  

Check out our 2019 spring edition of Partners. For more information, visit our website at www.greenstonefcs.com

Partners Spring 2019  

Check out our 2019 spring edition of Partners. For more information, visit our website at www.greenstonefcs.com