New Leasing Option Announced

August 30, 2000

Ag Services of America, Inc., and its subsidiary Powerfarm, Inc. recently added a leasing option to their offering of crop inputs and flexible financing programs. Leasing is now available to producers online through Powerfarm.com or through field representatives of Ag Services of America, Inc., with administrative and back end support being provided by Leasexpress(R), a service of Farm Credit Leasing.

Through the leasing option, producers are able to acquire and lease new vehicles and lease farm equipment from tractors and combines to processing equipment. The addition of vehicle and equipment leasing follows the company's strong tradition of providing innovative solutions for agricultural financing. Leasing may provide farmers the ability to acquire equipment without affecting their other credit arrangements, giving them the ability to rapidly react to changes. In certain situations, leasing may also provide a year-end tax-advantage for producers, according to the companies.