|
News
Ready Cash for Conservation Reserve Program Landowners
FOR MORE INFORMATION CONTACT
First Western Federal Savings Bank
Jeff Fullerton or Pam Silver, CRP Purchase
402 Main Street • Rapid City SD 57701
Phone: 1-800-908-8845/ 605-341-1203
RAPID CITY, SOUTH DAKOTA - July, 2006. First Western Federal Savings
Bank continues to offer farmers, ranchers and other landowners a quick, convenient
lump-sum buy-out of future Conservation Reserve Program (CRP) payments.
Administered by the USDA under the 2002 Farm Bill, the CRP pays landowners to hold
millions of acres of U.S. farmland, ranchland, wetland or woodland in reserve, assuring
that the land is properly managed to prevent erosion and to provide natural environments
for wildlife. The program continues to demonstrate long-term benefits to the American
ecology.
But according to First Western Federal Savings Bank CRP specialist, Jeff Fullerton,
landowners receiving CRP payments often do not maximize the financial benefits of
their participation. Annual CRP payments commonly are not large enough to offer
real investment opportunities or to be useful in paying off debts. Many CRP participants
are not aware that they can collect their trickling CRP payment streams into larger
pools of ready cash for immediate use.
The bank's new CRPPurchase program affords landowners the option to consolidate
future CRP payments into a discounted, present-value lump sum of working capital.
Fullerton says, "While First Western Federal is not the only business to offer CRP
buy-outs, we can provide lower rates because we do not sell to other businesses
offering the same product. In fact, they sell to us - meaning they have to offer
a lower quote to the landowners and producers so they can make a profit. When we
deal directly with these individuals, we provide convenient, confidential and personal
service plus the best price available."
That commitment is embodied in the institution's new website, CRPPurchase.com, emphasizing
simplicity and ease of use. The website offers a concise background of First Western
Federal Savings Bank and briefly explains the features and advantages of the bank's
CRPPurchase program. It lists required documentation as well as commonly-asked questions
about CRP cash-outs. And it reduces the initial CRP Purchase query process to three,
simple questions: 1) What is your annual CRP payment?; 2) How many years of payments
do you want to sell?; and 3) Do you own or lease the CRP land?
Website visitors are invited to use the site's no-obligation Free Quote form, but
they can also request CRP buy-out information via toll-free phone (1-800-908-8845),
fax (1-605-394-0084).
As Fullerton comments, "It could hardly be simpler or more convenient ... quick
cash is just a call or a click away! Because one person is responsible for your
file from bid to closing, we can provide fast, accurate answers to any of your questions.
You won't be lost in a tangle of paperwork and phone calls to different people."
Learn how to cash out your CRP farm subsidy payments for present-value in a matter
of days with First Western Federal Savings Bank.
|