Interest-Free Funding Available for 4-H and FFA Projects
JEFFERSON CITY, Mo., February 19, 2014 — FCS Financial is launching a new agricultural youth funding program to assist Missouri 4-H and FFA members with their agricultural projects. The agreement provides interest-free funding for qualifying projects, is available to all 4-H and FFA members in the association’s lending service area and is repayable within one year.
“Missouri is home to more than 105,000 4-H members and supports 324 FFA chapters consisting of 25,000 students,” says Scott Gardner, FCS Financial Marketing and Sales Vice President. “There is no better way to prepare these future farmers and ranchers for their career in agriculture than providing financial assistance and education at this point in their lives.”
FCS Financial will require a detailed projected cash flow as part of the application process. The goal is to emphasize the importance of accurate records, budgeting and honoring obligations to repay in order to provide the future farmer or rancher with the tools, skills and contacts to move forward into a rewarding and successful agricultural career. If approved for funding, the applicant must keep accurate records available for FCS Financial to review throughout the term of the agreement.
“As agricultural lending experts, the staff at FCS Financial is able to share their knowledge and help the next generation of Missouri’s farmers navigate the financial world,” says Gardner.
Available funding is based on FCS Financial’s capital and, in 2014, $300,000 has been reserved for the program. Funds are available for one project per year, per student. For more details or to apply, visit www.myfcsfinancial.com or contact your local FCS Financial office.
FCS Financial serves 102 counties through 22 offices in Missouri. FCS Financial is a member of the Farm Credit System. The system is a nationwide network of cooperative lending institutions that provides credit and financial services to farmers, ranchers, rural residents and agribusinesses. With more than 95 years of agricultural lending experience, the Farm Credit System is the largest single provider of agricultural credit in the United States.
CONTACT: For more information, contact Amy Wieberg at 800-369-3276 ext. 1177 or [email protected].
