FCS Financial: One Hundred Years July 2016 | Page 55

The September/October 1977 issue of Farming reported
the Farm Credit System expected to provide more than $40
billion in loans to farmers, ranchers, growers, and others that
year. With farmers using larger amounts of credit to finance
their farm operations, it became increasingly important for
lenders to play a more active role in the financial planning
process. In an effort to help both the farmers and the
lenders, the Production Credit Associations introduced
their members to the use of a balance sheet that helped
them evaluate their working capital and debt structure and
reconcile any changes in net worth in order to maintain a
manageable debt structure.

Bob Idel (left), assistant vice president, and Donald Kuester, vice president of the
Jefferson City field unit, receive the 1977 “Top Performance Award” from Sam C.
Kenley, assistant vice president and regional supervisor, FICB of St. Louis, at the
1978 Missouri Production Credit Association Conference held July 12–14 at the
Tan-Tar-A Resort at Osage Beach.

The Glory Years

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