Wednesday, August 29, 2012

Input finance program earns recognition

MKC's input finance program has been recognized by the Cooperative Finance Association (CFA) for holding the number one position in the Top Ten Volume Award 2012.

“CFA is such a great tool for our field marketers and managers. It helps them in selling the product, helps in timing of grain marketing - it is more than just funding the producer’s inputs,” said Brent Heizelman, Credit Manager for MKC.

Steve Fenton, Portfolio Manager for CFA, presented the award to MKC and said that, “MKC is a fantastic group to work with. Our goal is to help MKC and their producers be successful, and in turn make CFA successful.”

CFA serves over 140 cooperatives in 13 different states. Over the 2012 crop year MKC generated 171 loans totaling over $20 million.

Heizelman stated that the loans offered through CFA present the farmer member with convenience more than anything else. “It is so convenient for the producer to not have to worry about how he is going to pay for his fertilizer or seed one month after he purchases it,” said Heizelman.

Dave Christiansen, President and CEO for MKC commented that the number of loans and total loan volume continues to grow.

“While the recognition for our efforts is certainly nice for our entire team, the loan volume demonstrates our efforts are working to insure customers can have the available capital at their fingertips to take advantage of opportunities when they present themselves,” stated Christiansen. “CFA gives us one more tool to help them manage their risk.”

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