Northwest FCS

2019 Annual Report

Northwest Farm Credit: Rural, Real Estate, Operating Loans; Farm Loans; Country Home Loans; Lot Loans; Equipment Financing; Young and Beginning Producers; Crop Insurance; Business Management Education; Property Appraisals

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7 Northwest Farm Credit Services The Power of Youth Jordan and Susan Whittaker were newlyweds (just 24 and 19 years old) when we gave them their first loan to buy 100 heifer cows. Jordan's family had been customers for more than 40 years, but he and Susan were taking this step on their own, without cosigners. Back then the young couple had big dreams, a rough business plan and a skinny balance sheet. It's amazing what people can do when someone believes in them. Today, Jordan and Susan run three separate businesses in Leadore, Idaho (population 103). They've taken on their share of the family's cattle operation in a well-executed succession plan. Their young kids are now proud members of the cow-moving crew. Jordan and Susan also run a small irrigation business that provides essential services (and much-needed employment) in the remote, rural community they love. When they came to us with a bold idea for a new business, we listened. Jordan believed he could harness the power of water flowing into the canyon and convert it into a renewable energy source. We trusted him. Over nine years the couple installed more than 12,000 feet of underground metal pipe (in 20-foot sections) as they wound their way through government red tape. They call their first hydroelectric power plant a labor of love. Since then, they've installed a second, with a third on the way, as part of their succession plan for the next generation. "None of this would be possible without the people at Northwest Farm Credit," Jordan says. "You've been with us every step of the way. When our financial acumen wasn't the greatest, you taught us about the numbers. You helped us develop a business plan that would really work. When people are invested in you, they can critique you and encourage you when you need it. Northwest Farm Credit took a chance on us and they have a personal investment in our future." Jordan and Susan Whittaker - Leadore, Idaho "Northwest Farm Credit took a chance on us and they have a personal investment in our future."

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