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Ag Services of America upgrades Powerfarm.com with additional suppliers and e-commerce capabilities
Cedar Falls, Idaho
January 4, 1999

Ag Services of America, Inc. today announced they have added Stine and Gutwein Seeds to the extensive collection of product suppliers available on their e-commerce website, Powerfarm.com. Ag Services of America offers the most comprehensive assortment of ag products and services available online including seeds and crop protection chemicals from such manufacturers as American Cyanamid, Asgrow, Bayer, Dekalb, Garst, Monsanto, Novartis and Zeneca.

Ag Services of America also introduced seed pricing and full transaction capabilities on Powerfarm.com making a number of payment options available. In addition to the company's AgriFlex Credit® financing program and Powerfarm Credit(TM) line, customers may now use MasterCard and Visa, electronic funds transfer, personal checks and money orders.

"We are very excited to welcome Stine and Gutwein Seeds to Powerfarm.com, stated Tad Mozena, Manager of Marketing and E-Commerce. ''We are in discussion with additional suppliers and believe that having the ability to complete and support purchases today provides significant value to our seed supply partners and customers. The addition of quality companies helps to provide a solid foundation for Powerfarm as we add many additional features in the future such as a production contract center, auctions and valuable test plot data."

Ag Services of America, Inc., based in Cedar Falls, Iowa, is a competitive supplier of input financing and agricultural inputs, including seed, chemicals, fertilizer and cash advances to primarily corn and soybean growers in the U.S. ASV's one-stop shopping business model includes competitive and flexible financing packages through its AgriFlex Credit® program combined with the most comprehensive offering of agricultural inputs from national sources such as American Cyanamid, Asgrow, Bayer, Dekalb, Dow Chemical, DuPont, Garst, Monsanto, Novartis, Pioneer Hi-Bred, and Zeneca. ASV finances AgriFlex Credit® with a $275 million securitization program that is structured and guaranteed by MBIA Insurance Corporation. ASV protects its receivables by requiring multi-peril crop insurance, the first lien on the crop, assignment of all government payments and additional collateral (preferably land) if necessary. The Company also provides ancillary services such as crop insurance, crop scouting and grain marketing. 

Company news release
N2367

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