Verity Resources brochure

In Farming,SuCCESSis a Team Effort.Verity Resources and Landmark Services Cooperative Working together to increase your profitability.

Great teamworkstarts at the farm gate. Since 1933, Landmark Services Cooperative has been your local partner for all of your agronomy, energy, animal nutrition and grain marketing needs. We work hard to provide you with everything you need to keep your farm running smoothly and we are always looking for more ways to serve you better.In 2008. Landmark teamed up with AgQuest of Morgan, MN andcreated Verity Resources LLC, a partnership that provides bothfinancing and crop insurance directly to Landmark members. Inthe past several years, Verity has provided millions of dollars infinancing to hundreds of area producers through their innovativeand value-added programs.Verity Resources and Landmark Services CooperativeYour one stop shopfor all your farm financing needs!

Verity Resources:Your local team for financial success,both now and in the future.Verity Resources offers a wide variety of products and services toassist Landmark members in creating a path of financial stabilitythat will serve not just this generation, but the next as well. Inaddition to the incredible line of services found in these pages, weare continually finding innovative new opportunities serve Landmarkmembers. Ask your Verity representative today about what new andexciting opportunities we have for you!We offer:• Crop Operating Financing• Machinery and Equipment Financing• Land and Real Estate Financing• Crop Insurance*• Livestock Gross Margin (LGM) Insurance *Verity Resources is an Equal Opportunity Provider

Agricultural Financing withCompanion® LoansVerity’s line of Companion® Loan products offers you the financingyou need to ensure long-term viability and profitability.They include:Companion® DirectAn unsecured line of credit up to $100,000 that can be used byLandmark members to purchase crop inputs. Companion® Directhas the advantage of requiring minimal paperwork and a quickdecision timeline.Companion® DirectMAXThe DirectMAX goes one step further and allows for available creditfor up to $200,000 on crop inputs purchased through Landmark.It requires more extended information than the Companion® Directand a best available lien position is taken.Companion® Operating LoanA secured, traditional full operating line of credit. Interest ratesare based upon member’s volume of input purchases and cropmarketed through Landmark. Offers a revolving feature that providesfunds to support multiple crop years.Companion® Loans are eligible to cover the following expenses:• Fertilizer • Delivery and Application Charges• Chemical • Cash Rent• Seed • Crop Insurance Premiums• Petroleum Products • Labor (fuel, lubricants, etc) • Miscellaneous Supplies• Soil Testing

Equipment Financing and Leasing Verity offers portable, flexible and cost competitive financing for all makes and models of farm equipment. We give you the flexibility to negotiate across brands and dealerships to obtain the best price and then compare financing options. In addition, Verity’s relationship with Northland Capital means you can also consider the benefits of equipment leasing as well, offering you a greater variety of options for tax management and deductions for each crop year.Real Estate FinancingAt Verity, we know that financing for crop inputs and equipment isjust part of the story, that is why we are also here to be your locallender for real estate transaction.Our real estate financing options include:• Term loans with maturities and amoritization up to 20 years.• Facility loans for livestock facility upgrades, grain bins and machine sheds.• Real estate loans are long-term loans collateralized by unimproved farm ground, rural residences and traditional farm sites.

Agricultural Insurance Products fromVerity provides a variety of risk management tools for everyoperation with our many insurance options, including:Multi-Peril Crop Insurance (MPCI)• Provides comprehensive protection against weather-related causes of loss and certain other unavoidable perils.• Provides protection against low yields, poor quality, late planting, replanting costs and prevented planting.• Coverage is available from 50 to 75 percent (up to 85 percent in certain counties) of the actual production history (APH) for the farm.Common Crop Insurance Policy• One policy now provides the choice of three plans• Yield Protection (YP)• Yield guarantee (bushels, pounds, etc.)• Coverage levels 50% - 85%• Revenue Protection (RP)• Revenue guarantee• Coverage levels 50% - 75% (80% & 85% where applicable)• Revenue protection with Harvest Price Exclusion (RPHPE) loss of production.Catastrophic Coverage (CAT)• 50% coverage at 55% of the established price• $300 Administrative fee for each crop insured in each county.• CAT coverage is not available on all types of policies.

Group Risk Income Plan (GRIP)• GRIP is based on the experience of the county rather than the individual farms, so actual production history (APH) is not required for this program.• GRIP policy includes coverage against potential loss of revenue resulting from a significant reduction in the county yield or commodity price of a specific crop.• GRIP will pay a loss when the county revenue is less than the trigger revenue. Since this plan is based on the county revenue and not individual revenue, the insured may have a loss in revenue on their farm and not receive a payment.• No Replant or Prevent Plant coverage.Group Risk Plan (GRP)• This policy was developed on the basis that whnen an entire county’s crop yield is low, most farmer in that count will also have low yields.• No individual coverage - county basedLivestock Gross Margin• Provides protection to dairy producers when feed costs rise or milk prices drop.• LGM Dairy uses futures prices for corn, soybean meal, and milk to determine the expected gross margin and the actual gross margin.WeatherRisk.bizWeather contracts are new to the agriculture industry and can beutilized to supplement your risk management program. They canbe purchased for almost any peril that affects us throughout theMidwest: rain, drought, heat, freeze - even growing degree dayguarantees. And coverage can be added mid-season or late seasonas needed to supplement your standard insurance program.There are no sales closing period. Contracts simply need to bepurchased two weeks in advance.

Build your team for success by contacting Verity Resources and Landmark today and ask us how we can work for you! Verity Resources LLC 1401 Landmark Drive Cottage Grove, WI 53527 Phone: 608-819-3218 Toll-Free: 800-236-3276 ext. 3218 Email: info@verityresources.net Website: www.verityresources.netOr visit any one of your local Landmark offices for more information. www.landmark.coop

Verity Resources brochure

by Christie Rudenick on Feb 16, 2012

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Verity Resources brochure — Document Transcript