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Wednesday, January 25, 2012

Proposed Farm Safety Regs for Kids

In the January 25th edition of USA Today’s Money section, reporter Judy Keen addresses front and center the proposed limits on what kids can do on farms, but are these proposed regulations too rigid?

These new rules would:

*prohibit children under 16 who are being paid from operating most power driven equipment, including tractors and combines. Some student-learners would be exempted from the ban on operating tractors and other farm implements, but only if the equipment has rollover protection and seat belts.

*keep those under 19 from working at grain elevators, silos, feedlots and livestock auctions and from transporting raw farm materials.

*prevent kids 15 and under from cultivating, curing and harvesting tobacco to prevent exposure to green tobacco sickness (caused by exposure to wet tobacco plants).

*prohibit youths from using electronic devices i.e. cell phones while operating power-driven equipment.

The legal age for children to be employed on a farm is 16 and that wouldn’t change. The Fair Labor Standards Act also allows kids 12 to 15 to have non-hazardous farm jobs under certain conditions. And the above proposed regulations wouldn’t apply to kids working at farms owned by their parents (family farms), but they would prevent the kids from doing some jobs for pay at neighbors and relatives farms.

Proposed regulations have a time period for public comments. During that time more than 18,000 public comments were posted. These comments were then published in September in the Federal Register and raised the hackles of many farmers and ranchers.

Safety is very important for all farm workers. A fact not lost on farm families who make it a point to teach and practice safety on the farm.

But a very important point is made at the end of the article: if rural youth are going to be forced to get jobs in town rather than on the farm, where are future farmers going to come from?

Good point.

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Friday, January 20, 2012

Ag Insights

Brett Crosby, president and co-owner of Wyoming-based Custom Ag Solutions , spoke at Coker College in Hartsville, SC, on Thursday afternoon. He talked to an audience of students, local farmers, and members of the community interested in agribusiness. He shared interesting numbers about farmers, farming and feeding the world:

< 1% of the US population is farmers

This < 1% is feeding 1/5th of the world’s population

20% of all grain in the world comes from the US

16 – 17% of all meat comes from the US

Each year there are fewer farmers growing more food for less.

Mr. Crosby had a lot of interesting information. He does what he loves – he’s a cowboy and an economist. You can follow his insights on twitter under the handle @mbacowboy.

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Tuesday, January 10, 2012

Symposium Teaser

As we prepare for the 2012 Commodity Marketing & Risk Management Symposium coming this Thursday, Jason Creamer, a credit analyst at ArborOne Farm Credit, shares a bit about his part in the General Session:

“With grain prices well above historical averages and the high cost of farming, producers are looking into both irrigation systems and grain storage as ways to positively impact income. We will be looking at ‘the basics’ in cost analysis and discussing some of the questions surrounding these two investments. Every farm is different and requires its own unique analysis into the impact of irrigation and grain storage. We hope to provide some basic tools that can be used and tailored to help your farm study the options.”

Jason spoke to farmers and agribusiness owners this past summer about irrigation financing. His knowledge and expertise are the rule rather than the exception at ArborOne.

Want to come to the meeting? It’s free and lunch is provided.
When: Thursday, January 12, 2012
Where: Clemson Extension’s Pee Dee Research & Education Center on Pocket Road, Florence, SC
What time: 8:30am – registration begins
3:00pm – meeting will end no later than

Sponsored by : ArborOne Farm Credit; Nationwide Agribusiness – McLean Marechal Insurance; Palmetto Grain Brokerage; ARMtech Insurance Services
Hosted by: Clemson Extension

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Thursday, January 5, 2012

Commodity Marketing & Risk Management

It’s that time of year… commodity groups are holding annual meetings, farmers and agribusiness owners are repairing equipment, plans are being made, budgets calculated – it’s January.

This is also the time of year that we hold our annual Commodity Marketing & Risk Management Symposium at Pee Dee Research & Education Center on Pocket Road in Florence. Also known as the Clemson Extension office, we have to thank them for always hosting this meeting.

At this year’s meeting we will begin registration at 8:30am (coffee and donuts), followed by…

General Session: Overview of program/breakout sessions, including
Commodity Marketing with Edgar Woods, Palmetto Grain Brokerage
Cost Analysis for Irrigation and Grain Storage Financing – Jason Creamer, ArborOne Farm Credit

Breakout Sessions (choose one to attend before and one after lunch)
Basic Commodity Marketing – Brenton Bozard, Palmetto Grain
Advanced Commodity Marketing – Edgar Woods, Palmetto Grain
Land As Your Legacy – Nationwide Insurance
Risk Management through Crop Insurance – Ag Risk Management Technologies (ARMtech) Insurance Services

Lunch (free)

Breakout Sessions repeat after lunch

Closing Session – A time for questions and door prizes, to finish no later than 3:00pm

This event is sponsored by ArborOne Farm Credit, Nationwide Agribusiness – McLean Marechal Insurance, Palmetto Grain Brokerage and ARMtech Insurance Services. We thank Clemson University Cooperative Extension Service for hosting this event at the Pee Dee Research & Education Center at 2200 Pocket Road, Florence. A map is available at http://mapq.st/yNayGw

Feel free to call ArborOne Farm Credit at 800.741.7332 or check our website www.ArborOne.com for more details.

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Monday, October 3, 2011

Where's the beef?

“Where’s the beef?” may become “Where’s the chicken?” in 2012.

According to two articles recently released, a drop in poultry production is expected for 2012. Greater global demand is leading to rising feed costs which can be directly connected to the rising cost of raising meat and poultry.

How might this affect our area? Poultry growers should expect fewer flocks and consumers might experience a higher cost of chicken in the grocery store. This won’t be the first time poultry has been through this. And as hard as it is to say, in the long run this is a good thing and it needs to happen.

All things will balance out and prices will return to normal, but it may be 2013.

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Wednesday, September 14, 2011

Farm Credit Bonds - A Solid Deal

These days it’s difficult to know where to invest. Farm land is a good idea, but so are Farm Credit Bonds. Recently made available, these are high credit quality debt instruments issued throughout the month in various amounts, maturities and structures.

"Bonds offer a large degree of structural flexibility, thereby presenting the Farm Credit System’s greatest opportunity to meet the varied needs of the investor and dealer community. Bonds may be issued each business day and are underwritten by one or more of the Bond Dealers. Federal Farm Credit Banks Consolidated Systemwide Medium-Term Notes and Unscheduled Bonds were previously issued with similar characteristics."

Interested? Visit the Federal Farm Credit Banks Funding Corporation website page that is dedicated to details about every aspect of the program, right down to a list of Bond Selling Group Members.

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Monday, September 12, 2011

Calling All Shooters!

ArborOne Farm Credit’s Talent Management Group is putting together a sporting clays event that will benefit the FFA and 4-H groups of South Carolina. "Aim-At-Ag" will take place at the Black River Sporting Clays Club in Kingstree, SC, on October 15th. Enjoy a beautiful day of sporting clays while supporting a great cause.

You’ll also have the chance to win a ½ Day Santee Catfishing Trip for 4 at Blacks Camp with Jay Gregg, Host of SC Outdoors. This trip includes accommodations for one night.

There will be awards given for 1st, 2nd and 3rd Places; Youth High Overall and Youth Team Winner.

Contact Rebecca Patterson,( rpatterson@arborone.com), Charles Vernon, (cvernon@arborone.com ) or call 800.741.7332to register or ask about sponsorship opportunities.

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