Farm Credit Canada

Farm Credit Canada

January 10, 2005 08:00 ET

Farm Credit Canada: Finding a Better Way to Keep Complex Farm Records


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: FARM CREDIT CANADA

JANUARY 10, 2005 - 08:00 ET

Farm Credit Canada: Finding a Better Way to Keep
Complex Farm Records

SASKATOON, SASKATCHEWAN--(CCNMatthews - Jan. 10, 2005) - Farming today
is a lot more complex than years ago when wheat was king. While wheat is
still very important, wheat production on the prairies has steadily
decreased over the last century as new grains, oilseeds and legumes have
been introduced and producers seek new opportunities in domestic and
export markets.

The Western Canadian Crop Production Show, Western Canada's premiere
crop industry showcase, is a venue for producers to learn about the
latest products including new technology. It's why Farm Credit Canada
(FCC) launched AgExpert Field Manager Version 5 at the show this morning.

"Farmers have massive amounts of information to track and take into
consideration long before seeding - do you stick with crops you know,
try something completely new, alter your rotations? What about disease,
weather, farm input costs and benefits of herbicide, pesticide and
fertilizer? We've designed Field Manager to help track the information
needed to be able to find the best answers to those types of questions,"
AgExpert General Manager Rob Schmeichel said this morning.

AgExpert Field Manager consists of two components. Field-Master runs on
a desktop computer. Field-Mate is handheld computer software that
enables you to enter important field information while you're in the
field. Information collected in the field can then be transferred into
your personal computer. Together, the two components help producers keep
reliable and detailed information for field and crop management.

Producers can quickly set up a crop plan helping to determine projected
income, price and yield break evens. Combining these forecasts with
projected market prices can help determine crop profitability. In
addition, it makes it easier to keep detailed records of all field
activities and observations - planting, fertilizing, pesticide
application, weeds, weather, growing condition observations and
harvesting. All the data is stored by field for easy reporting and
analysis. Field Manager also enables you to review rotations from past
years.

"Studies tell us that one of the keys to being a successful farm
operator is improved management practices," says John Ryan FCC President
and CEO. "We also see a growing trend toward the need for detailed
inventory tracking with regard to food safety and CAIS. AgExpert Field
Manager offers producers a cost-effective solution where all the
information is stored in one place making it that much easier to access
historical information."

AgExpert Field Manager is suitable for all levels of computer users. The
flexible reporting system can generate customized reports to help make
production and marketing decisions:

o detailed profit reports provide economic performance by field,

o manage herbicide rotations to prevent weed resistance and crop injury,

o monitor nutrient applications and manage soil nutrient levels,

o monitor yields by field and seed variety to improve yield performance,

o provides Global Positioning System (GPS) functionality (mark points
for quick reference and simple navigation back), and

o runs "what-if" scenarios, comparison reports and does break-even
analysis.

The product comes with a year of customer service that includes
toll-free telephone support from staff with agricultural backgrounds
seven days a week. More information about AgExpert products and services
is available at www.AgExpert.ca or by calling 1-800-667-7893.

Operating out of 100 offices located primarily in rural Canada, FCC's
dedicated employees are passionate about the business of agriculture.
FCC's healthy portfolio of $10 billion and 11 consecutive years of
portfolio growth are a reflection of its customers' success.

Broadcast version:

THE WESTERN CANADIAN CROP PRODUCTION SHOW IN SASKATOON, SASKATCHEWAN IS
A PLACE FOR PRODUCERS TO LEARN ABOUT THE LATEST CROP INDUSTRY PRODUCTS
INCLUDING TECHNOLOGY. THAT'S WHY FARM CREDIT CANADA LAUNCHED AG EXPERT
FIELD MANAGER VERSION 5 AT THE SHOW.

THE G.M. OF AGEXPERT, ROB SCHMEICHEL, SAYS FARMS HAVE MASSIVE AMOUNTS OF
INFORMATION TO TRACK AND TAKE INTO CONSIDERATION LONG BEFORE SEEDING AND
THEIR SOFTWARE CAN HELP.

FIELD MANAGER HAS TWO COMPONENTS - A HAND HELD COMPUTER ENABLES YOU TO
ENTER IMPORTANT FIELD INFORMATION IN THE FIELD SUCH AS PLANTING DATES,
CONDITIONS, APPLICATIONS BY FIELD AND WEATHER CONDITIONS.

THE OTHER COMPONENT, FIELD-MASTER, RUNS ON YOUR P.C. TOGETHER, THEY CAN
HELP PRODUCERS SET UP CROP PLANS AND DETERMINE PROJECTED INCOME, PRICE
AND YEILD BREAK EVENS.

FCC CEO JOHN RYAN SAYS IMPROVED FARM MANAGEMENT IS ONE OF THE KEYS TO
BEING SUCCESSFUL IN AGRICULTURE AND THERE IS A GROWING TREND TOWARD MORE
DETAILED INVENTORY TRACKING. HE SAYS AGEXPERT IS A COST-EFFECTIVE WAY
TO KEEP AND ACCESS HISTORICAL INFORMATION.

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