Ag Resource Management's Funding Note Renewal
Ag Resource Management (ARM), known for its innovative approach to agricultural finance, has secured the renewal of its variable funding note (VFN) series, specifically Series 2020-1. This significant milestone involves $325 million in crop loan-backed financing and reflects ARM's dedication to providing robust financial solutions tailored to the needs of farmers.
Support for Farmers Amidst Challenges
Ralph S. Mason, III, the CEO of ARM, highlighted the hurdles that farmers face, including a noted decline in net farm income over the past two years. With this backdrop, Mason emphasized the importance of offering alternative financing options supported by crop collateral. "At ARM, we are here for the farmer in good times and in bad times," he stated, affirming their commitment to the agricultural sector.
Building Partnerships for Growth
The collaboration between ARM and farmers is central to their mission. Jesse Watson, Chairman of the Board at ARM, expressed the company's vision of maintaining a sustainable farming community. "Our goal has always been to keep farmers farming," Watson articulated. Through innovative debt capital market solutions, ARM aims to foster partnerships that meet the financing requirements of an evolving agricultural landscape.
Backing from Financial Institutions
Joe Weingarten, the Managing Director of Structured Finance with East West Bank, underscored the bank's support of ARM’s initiative, stating, "We are pleased to continue to support the ARM team in their mission to provide debt solutions to the American farmer." East West Bank is recognized as a leading financial institution dedicated to empowering agribusinesses and supporting farmers through optimal financing strategies.
A Closer Look at ARM and Its Mission
Founded in 2009, Ag Resource Management specializes in providing unique financial and risk management solutions for farmers and agricultural businesses. With headquarters in Fort Worth, Texas, ARM operates across 20 locations in 17 states, leveraging its expertise in crop agriculture, finance, and risk management to design tailored strategies for each farming operation.
The Role of East West Bank
East West Bank, which plays a crucial role in ARM's funding strategy, is dedicated to providing services that help customers connect to new opportunities and navigate financial challenges. As a public company, East West Bancorp, Inc. boasts total assets exceeding $74.5 billion, emphasizing its commitment to the agricultural community across diverse markets in the United States and Asia.
Frequently Asked Questions
What is Ag Resource Management known for?
Ag Resource Management is recognized for its innovative solutions in agricultural finance, focusing on crop loans and risk management services.
How much is the renewed VFN worth?
The renewed variable funding note is valued at $325 million, supporting a range of agricultural financing needs.
Who leads Ag Resource Management?
The company is led by CEO Ralph S. Mason, III, who stresses the importance of supporting farmers in both challenging and prosperous times.
What is the mission of East West Bank regarding farmers?
East West Bank aims to empower American farmers by providing essential debt solutions and financial services to navigate their challenges.
How does ARM customize its financing solutions?
ARM utilizes its expertise in crop agriculture, finance, and crop insurance to create tailored financial strategies for individual farming operations.