asi board of directors update · 2017. 2. 7. · asi board of directors update january 28, 2017...
TRANSCRIPT
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ASI Board of Directors Update January 28, 2017
Denver, CO
Scott StuartNational Livestock Producers Association
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NATIONAL LIVESTOCK
PRODUCERS ASSOCIATION…
National association of livestock
marketing cooperatives and credit
corporations
11 regional members
3.9 million head handled for 150,000 +
members
$750 million in livestock loans
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The NLPA Sheep and Goat Fund
Committee
• Comprised of 7 members:
• 4 from NLPA Credit Corporations
• 3 from the Sheep and Goat Industries
• Charged with developing policies and processes to administer the Intermediary’s functions and to ensure they are consistent with the Grant Agreement
• Meets regularly to assess applications, make funding decisions, and oversee Intermediary activities
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LOAN COMMITTEE
Walt Ernesti, Chairman (NE)
Rick Lovell, Vice Chairman (UT)
Pierce Miller, Secretary-Treasurer (TX)
Darrell Ailshie (TN)
Dave Johnson (WI)
Jamie Gillmor (UT)
Dan Lippert (MN)
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PROJECT REQUIREMENTS…
Must have an impact on the sheep and/or goat
industry either locally, regionally, nationally or
internationally
Must have defined business plan and
repayment plan
Must have reasonable creditworthiness
Must not be a basic production loan
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CURRENT LOANS…
Current volume: $4.06 million
Commitments: $7.90 million
27 loans to 18 entities in 13
states
Total Revolved: $44.6 million
Current interest rate: 5% fixed
(up to 5 years) or 6% variable;
Differential pricing
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FUNDED PROJECTS…
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Wool / Mohair
Processing
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Sheep Dairies
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Value-Added
Lamb Processing
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Genetic
Improvement
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Wool
Warehousing
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Goat Dairies
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Cheese Processing /
Merchandising
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Fiber Milling
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Lamb & Goat Feed
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Institution &
Association
Funding
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Wool Insulation
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Risk Management
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Wool
Warehousing
44.7%
Lamb Processing
and Equipment
12.2%
Fiber processing
5.7%
Lamb and Goat
Marketing
3.3%
Institution and
Association
Funding
24.6%
Dairy and Cheese
Processing
3.0%
Lamb & Goat
Feed
2.1%
Flock/Herd
Expansion Loan
4.4%
NLPA Sheep & Goat Fund
Loan Concentration as of 12/31/2016
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FLOCK EXPANSION LOAN PROGRAM
Partnership with American Sheep Industry
Association (ASI)
Up to $2 million allocated
5-year term loans for purchase of ewes and
rams (billies and nannies)
Mentorship / Education through ASI
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1-800-237-7193 Ext. 10
www.sheepandgoatfund.com
National Livestock
Producers Association