Stone Bank FSA Loan Programs Support Poultry Farmers - Stone Bank

Stone Bank FSA Loan Programs Support Poultry Farmers

According to the National Chicken Council’s 2024 Wing Report, Americans consumed an astounding 1.45 billion chicken wings during Super Bowl LVIII, which featured the Kansas City Chiefs and the San Francisco 49ers.
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To put this figure into perspective:

If every person in the United States ate four wings, it would account for the total consumption.

Laid end-to-end, 1.45 billion wings would stretch approximately one-third of the way to the moon.

If Kansas City Coach Andy Reid consumed 50 wings daily, it would take him over 79,000 years to eat all 1.45 billion.

This level of consumption underscores the enduring popularity of chicken wings as a staple of Super Bowl festivities. Despite slight decreases in chicken production and a 13% reduction in wing stocks in cold storage compared to the previous year, demand remained robust. Interestingly, while wholesale wing prices experienced an uptick, retail prices for fresh and frozen wings saw a decrease of approximately 5% and 11%, respectively, compared to January 2023.
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The tradition of consuming chicken wings during the Super Bowl has become deeply ingrained in American culture, with each year seeing millions of fans indulging in this beloved snack as they gather to enjoy the game.

The significant consumption of chicken wings during the Super Bowl underscores the importance of robust poultry production in the United States. Financial institutions like Stone Bank play a pivotal role in supporting poultry farmers through specialized loan programs, particularly those guaranteed by the Farm Service Agency (FSA).

As a preferred lender with the FSA, Stone Bank is committed to assisting both beginning farmers and small family businesses in building, strengthening, and growing their operations. Their FSA loan programs are tailored to meet various agricultural financing needs, including poultry loans.
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FSA loans offer several advantages to poultry farmers:

Farm Ownership Loans: These loans can be used to purchase or expand a farm, construct or improve buildings such as poultry houses, and promote soil and water conservation.
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Farm Operating Loans: Designed to cover essential operating costs, these loans can be used for purchasing livestock, equipment, feed, seed, and other necessities.
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By providing access to these financial resources, Stone Bank enables poultry farmers to scale their operations effectively, ensuring a steady supply of chicken products to meet the heightened demand during events like the Super Bowl. This support not only benefits individual farmers but also contributes to the broader agricultural economy by maintaining the supply chain that delivers one of America’s favorite game-day snacks.

Learn more about FSA loans by calling or visiting the Stone Bank Agri Lending Center in Mountain View. (833) 253-2265

RELOCATION NOTICE

Effective December 31, 2024 all Stone Bank operations in the Little Rock market will be relocated to our new branch office and headquarters building at 12615 Chenal Parkway. This includes all consumer and commercial banking functions, including commercial lending and the interactive ATM adjacent to our current Little Rock location at 900 South Shackleford. The Shackleford location will close on December 31, 2024.

All Little Rock personnel phone numbers and e-mail addresses, as well as your access to our mobile banking app and website will remain the same.

We appreciate your continued business with Stone Bank.

If you have any questions about our relocation to our new Chenal address, or the closure of the Shackleford branch, please feel free to call our Little Rock team at (501) 503-4242.

Thank you.