| Business Summary | | Ag
Services
of
America,
Inc.
supplies
farm
inputs,
including
seed,
fertilizer,
agricultural
chemicals,
crop
insurance
and
cash
advances
for
rent,
fuel
and
irrigation,
to
farmers
throughout
the
United
States.
The
Company
buys
seed,
fertilizer,
agricultural
chemicals
and
other
farm
inputs
from
numerous
national
and
regional
manufacturers,
distributors
and
suppliers
of
seed,
fertilizer
and
agricultural
chemicals.
Farmers
have
traditionally
purchased
farm
inputs
from
one
or
more
suppliers
using
credit
from
commercial
banks,
the
Farm
Credit
System,
the
FmHA
or
other
agricultural
lenders.
The
Company
extends
credit
and
provides
farmers
the
convenience
of
purchasing
and
financing
a
wide
variety
of
farm
inputs
from
a
single
source
at
competitive
prices.
The
Company's
customers
are
currently
located
in
30
states,
and
its
principal
target
market
is
corn
and
soybean
producers
in
the
states
of
Iowa,
Minnesota,
Nebraska,
Illinois,
Ohio,
South
Dakota,
North
Dakota,
Texas
and
Indiana. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Ag
Services
of
America
is
engaged
in
retail
sales
of
farm
inputs,
including
seed,
fertilizer
and
agricultural
chemicals.
ASV
also
provides
farmers
with
crop
insurance
and
cash
advances
for
rent,
fuel
and
irrigation.
For
the
three
months
ended
5/31/01,
revenues
rose
5%
to
$164.2
million.
Net
income
fell
41%
to
$1.8
million.
Results
reflect
growth
in
the
AgriFlex
Credit
and
Seed
and
Chemical
Financing
Programs,
offset
by
lower
gross
margins
and
higher
payroll
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| Henry Jungling, Jr., 54 Chairman | $364K | Gaylen Miller, 52 Pres,
CEO, Director | 364K | Kevin Schipper, 41 COO,
Sec., Director | 363K | Shawn Smeins, 33 Exec.
VP | -- | John Roth, 29 VP-Fin. | -- | Dollar
amounts are as of 28-Feb-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|