Producer Page: FSA Fun & Games

FSA Fun & Games---- We are finally able to visit our local FSA offices now that the government shut-down is over. One important reminder for you----the deadline for applying for the Market Facilitation Payment (MFP) (also known as the tariff payment is FEB. 14th. The Secretary of Ag has stated that this is a firm deadline, so do not miss this if you haven’t already signed up for this program.

Renewal Rants & Raves---- We are in the midst of our annual farm operating loan renewal appointments. We have appreciated the fact that the majority of you have been very good about completing your pre-appointment worksheets and in being organized when you come to the bank for your scheduled meeting. Times are lean and we may have more items to discuss and sometimes need to make some hard adjustments. Please remember that we are doing our best to try to help your business achieve profitability. Peoples State Bank is very fortunate to have such a fine group of customers to work with!

Insurance Insights---- Although it may not seem that way when you look at the recent weather…..spring is approaching! One of the first spring jobs for you is the selection of your crop insurance policy. We are currently in the price discovery month for setting spring price levels. In early March, you will have all the options available to you to try to put in place an insurance program that will control your risk at an acceptable price. The sales closing date for choosing a crop insurance policy is March 15. If you have any questions regarding this process, please feel free to give me a call.

Rules & Regs---- Don’t forget about renewing your private pesticide applicator certification if it is due, so that you are ready for spraying season. There are recertification classes in Fairmont on 2/14, in Albert Lea on 2/19, North Mankato on 2/28. You are supposed to have this completed by 3/1.

Dicamba Do’s & Don’ts---- Also, there are Dicamba training classes. Luckily, we have one here in Wells on March 19th. You need to pre-register for this class at https://members.mcpr-cca.org/eventscalendar

The Eyes Have it---- When is the last time you saw the eye doctor??? This should be a regularly scheduled part of your health program. Not just for good vision for reducing eye strain and to drive safely, but also for disease screening (for example-Glaucoma). Remember Kirby Puckett of the Twins? His career ended early because of glaucoma. Catching things early can help prevent big problems later. Kinda like equipment maintenance!

Furnace Fixes---- With all the !%#* snow we are piling up recently, please take a moment to make sure that all exhaust vents are clear for ventilation. Don’t forget your shop. Or your cabin. Or your ice-fishing house (someone died in a fish house in Fairmont a year ago). And you should have carbon monoxide detectors in working order everywhere you have a heating system. This is a sneaky killer, that you can prevent.

Information Intentions--- Now is the perfect time to make the promise to yourself to be organized with your financial information for 2019. Keep up on your monthly records. Have a system to keep track of grain contracts and marketing. Have your files arranged so you can easily find your insurance policies, FSA paperwork, tax info etc. Or you can use technology to have it in a computer or Ipad. (remember to back it up regularly) This should be a priority item. As they say, information is power, and if it is always available to you at a moment’s notice, you can use it to make better decisions.

Good Luck,

Mark

 

Mark Producer Page headshotAbout Mark Warmka

Mark has worked at Peoples State Bank since 2003, serving as lead agricultural lending officer and bank Senior Vice President. He is also a member of the Board of Directors. Mark has an extensive background in the financial services industry, possessing both investment and insurance licensing and is fully accredited as a crop insurance agent.

He and his wife, Kate, an elementary teacher in Blue Earth, live on and manage the home farm near Easton. Their daughter, Amanda, is a Physician Assistant at UHD Hospital and daughter, Sara, is teaching and coaching at Fairmont Public Schools. 

You can reach Mark by email or at 507-553-3155.

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