Cedar Falls, Iowa
March 1, 2000
Ag
Services of America, Inc. today announced the availability of fertilizer on
Powerfarm.com, the company's e-commerce
website. Powerfarm will initially feature twelve common fertilizer blends that producers can
purchase through a number of payment options with the choice of shipping directly to their farm
or FOB. The company also announced the addition of Valent USA Corporation to the growing list of
companies participating and supporting Powerfarm.com. Valent USA now joins a list that includes
many of the agriculture industry's leading firms. Today, growers can purchase quality seed produced
and supported by Asgrow, Dekalb, Garst, Novartis, Stine, and Wilson. Crop protection products
are available through Powerfarm.com from American Cyanamid, Bayer, Monsanto, Valent USA
and Zeneca.
"With the addition of fertilizer, growers now have secure, one-stop shopping through
Powerfarm.com for all of the basic crop inputs needed in production agriculture,'' stated Tad
Mozena, Manager of Marketing and E-commerce for the Company. "In order to increase value for
producers and manufacturers, Powerfarm goes beyond the simple availability of quality products
to include a total package that contains additional services and value.''
Mr. Mozena goes on to say, "It is once again our pleasure to welcome a quality company like
Valent USA Corporation to Powerfarm.com. Leading agricultural companies and quality crop input
products provide the foundation Powerfarm is built on as we continue to add new services and
expand product categories for farmers. The additional value available through Powerfarm.com
which includes flexible credit options and support from Certified Crop Advisors, provides farmers a
platform to securely and confidently transact business 24 hours a day, 7 days a week.''
Powerfarm.com has compiled the most comprehensive assortment of agriculture products, services
and credit options available on the Internet today. Products currently available include seed,
fertilizer and crop protection chemicals, along with headline ag news, market quotes and weather.
Growers can shop at their convenience day or night for products and sign up for additional services
like crop insurance, grain marketing programs, crop scouting and soil sampling services. Within the
Powerfarm Community, growers can post questions for the company's agronomists and Certified
Crop Advisors. The Company continues discussions with additional suppliers serving the $250
billion agriculture industry and most recently announced the addition of a national supplier to provide
short line equipment parts.
Ag Services of America, Inc., which operates Powerfarm.com, is based in Cedar Falls, Iowa, and
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
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