Investor Presentaiton
When does collateral protection cease being abundant?
Increase In
Decline in Farmland Value
Loan Balance
0%
-5%
-10%
-15%
-20% -25%
-30%
-35%
-40% -45%
-50%
0%
50%
53%
56%
59%
63%
67%
71%
77%
83%
91% 100%
5%
53%
55%
58%
62%
66%
70%
75%
81%
88%
95%
105%
10%
55%
58%
61%
65%
69%
73%
79%
85%
92%
100% 110%
15%
58%
61%
64%
68%
72%
77%
82%
88%
96%
105% 115%
20%
60%
63%
67%
71%
75%
80%
86%
92% 100%
25%
63%
66%
69%
74%
78%
83%
89%
96%
30%
65%
68%
72%
76%
81%
87%
93%
100%
35%
68%
71%
75%
79%
84%
90%
96%
104%
109% 120%
104% 114% 125%
108% 118%
113% 123%
130%
135%
40%
70%
74%
78%
82%
88%
93% 100%
45%
73%
76%
81%
85%
91%
50%
75%
79%
83%
88%
97% 104% 112%
94% 100% 107% 115%
108% 117% 127%
121% 132% 145%
125% 136% 150%
140%
Increase In
Decline in Farmland Value
Loan Balance
0%
-5%
-10%
-15%
0%
65%
68%
72%
76%
81%
87%
93%
5%
68%
72%
76%
80%
85%
91%
98%
10%
72%
75%
79%
84%
89%
95%
102%
110%
-20% -25% -30% -35% -40% -45% -50%
100% 108% 118%
105% 114% 124%
119% 130%
130%
137%
143%
15%
75%
79%
83%
88%
93%
100%
107%
115%
125%
136% 150%
20%
78%
82%
87%
92%
98%
104%
111%
120% 130% 142% 156%
25%
81%
86%
90%
96%
102%
108%
116%
125%
135% 148% 163%
30%
85%
89%
94%
99%
106%
113%
121%
130%
141% 154% 169%
35%
88%
92%
98%
103%
110%
117%
125%
135%
146% 160% 176%
40%
91%
96%
101%
107%
114%
121% 130%
140%
45%
94%
99%
105%
111%
118%
126%
135%
50%
98%
103%
108%
115%
122%
130%
139%
145% 157% 171%
150%
152% 165% 182%
189%
163% 177% 195%
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