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Financial Conversations with Fitz #13 - Announcements, etc. - 4/6/2009

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Well, we dodged winter bullet this weekend in most of our area….I checked the line poles and fence posts this morning……The snow stuck to the NE side of both of them.   My grandfather told me that winter wasn’t over until the snow stuck to the NE corner of a post or pole…….I watch for it every spring….How is that for a major non scientific statement.

I have several statements about many different things….FSA is anxious to get more producers in to sign up for DCP and ACRE.   Even tho it was extended last week until August 14th instead of June 30.  If you sign up for DCP now you can get the 22% advanced payment…or they can change their mind by August 14th and go to ACRE.  I have visited with a couple customers that it took about 20-30 minutes.  Will probably take a little longer for larger units.  As soon as you get your crop plan pretty well set, it will be good to get it out of the way before field work starts.

Another item that is probably going to change this week is the ‘septic tank’ inspection that was to go into effect on July 1st this year.  The rules just came out in late February.  It has been quite a challenge for banks, attorneys, realtors and recorders.  Mark Kuhn introduced an amendment last week to extend the enforcement to July 1, 2010.   They discovered that they only have 67 inspectors in the whole state to do the inspections.  There are some other factors involved.  If you weren’t aware of the law:  you must have a certified inspection that your rural acreage has an up to date septic system.  If you own an acreage and think you might be selling it, be sure to check with us before you get too far.  Same goes for the buyers.

I want to mention a neat thing that happened from our radio broadcasts Al.  Last fall I talked about how important it was for anyone out there that was having trouble with their mortgage that was held by a large brokered company.  I rec’d a note last week from a client that stopped in to see me after she heard us talking about getting help from Iowa Mortgage Help.  They were 8 days away from Sheriff’s sale on their acreage.  The broker offered to stop it if they could come up with about $5,000 fee and make a $1,000/month payment.  The acreage was worth less than the mortgage.  They put their information together and contacted Iowa Mortgage Help.   IMH stopped the sheriff sale, restructured the loan at half the monthly payment without the $5,000 fee.   This couple thanked me for allowing their children to have a home and still play with their pets in their yard of their acreage and attend school locally.   Wow, that really touched my heart to get such a note.  It helps restore some faith in our system if one can go the extra effort to save their home.  Be sure to call us if you have such a concern.

Remember that you should deal with people in community banks and organizations. That when they put something together for you that they will  be sitting with them at ball games, church or community events.  So, if in doubt give us a call.