UPDATE: Rip Mason, Ag Resource Management?s CEO, Travels to Omaha for the 2024 Federal Reserve Agricultural Economic Summit

BY GlobeNewswire | ECONOMIC | 05/14/24 03:59 PM EDT

Fort Worth, Texas, May 14, 2024 (GLOBE NEWSWIRE) -- Today, Ag Resource Management?s (ARM) Chief Executive Officer joins U.S. agricultural credit leaders, policymakers and regulators at the Federal Reserve Bank of Kansas City?s National Economic Summit in Omaha, Nebraska.

?It?s been a difficult year for farmers due to recent decreases in net farm income caused by high input and land costs and relatively low commodity prices,? said Mason. ?I am looking forward to exchanging ideas with other stakeholders in the farm economy about the economic outlook and tools available to support farmers.?

ARM offers farmers an alternative source of financing for annual operating loans that includes features such as a tailored farm budget and loan commitment based on crop value rather than equity in real estate and other assets.

?ARM can help farmers that may not fit traditional credit risk profiles,? said Mason.

ARM services borrowers through 23 storefronts in 18 states, representing approximately two million acres of annual crop production.

Attachment

  • Rip Mason
Image: https://www.globenewswire.com/newsroom/ti?nf=OTExNzY1NyM2MjUyMzMyIzIyNTg2Mjg=
Image: https://ml.globenewswire.com/media/YzBkYTE2YjctMTRjOS00Y2RmLTkxMzgtZDUxMjRhYWY3OGY1LTEyNzAxNzc=/tiny/Ag-Resource-Management.png
Justin Shannon
Ag Resource Management
16823485471
marketing@armlend.com
Source: Ag Resource Management

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article