| Tri-State
Livestock Credit Corporation was formed in 1931
during the Depression. Its sole purpose was to
provide a source of credit for western livestock
producers when credit was very hard to get.
Tri-State's basic purpose remains the same today,
but they have expanded to also include other
areas of agriculture. Although they still remain
true to their name, they also extend credit to
crop farmers and agribusiness processing and
marketing firms. Three
states, California, Nevada, and Arizona, are the
corporate namesake and are home to the majority
of the customers. Since then, customers are also
located in ten western states including
Hawaii.
The
most common loan is a one-year operating line of
credit to finance livestock, crops, or other
short-term operating asset requirements of the
business. Term loans are very popular and used to
finance capital expenditures for improving or
expanding an operation. Tri-State has implemented
a number of customized credit products in recent
years to serve existing customers better and to
expand the business to new nontraditional
customers. Its affiliation with the Farm
Credit Bank of Texas in 2004 helped support
Tri-States ability and capacity to serve
its customers even better now and into the
future. Tri-State presently has
correspondent bank business relationships with
four agricultural lenders.
Datavision
has been a part of Tri-State's accounting
business since 1984, starting with a PDP11/23
hardware and custom programs developed
specifically for their company. In 1999, their
same custom software was moved to a new Windows
PC platform and made Y2K compliant for the new
century.
In
2003, Down To Earth v7 features made it an easy
decision to change platforms and upgrade their
software. Tri-State upgraded their hardware,
switched to Down To Earth for their standard
applications, and reconfigured their Loan
Processing software programs to match their new
style of business. Their Loan Processing was
brought up to date and integrated with the
standard DTE General Ledger and Accounts Payable
to create a complete accounting package.
Datavision continues to work with Tri-State in
adapting DTE to their growing and expanding
business.
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