Farm Credit System

Farm Credit Mid-America Kicks Off Discovery Park of America’s Fundraising Campaign for Greenhouse and Education Pavilion with Major Gift

Retrieved on:

Thursday, January 20, 2022

Discovery Park of America announced today a new partnership with Farm Credit Mid- Americathatkicks off a new phase in the museum and heritage parks dedication to educating children and adults on innovation in agriculture.

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Discovery Park of America announced today a new partnership with Farm Credit Mid- Americathatkicks off a new phase in the museum and heritage parks dedication to educating children and adults on innovation in agriculture.
The Farm Credit Mid-America Education Pavilion will be located between Discovery Parks vineyard and AgriCulture: Innovating for Our Survival , an exhibit that opened in early 2021.
This partnership with Discovery Park of America will provide an interactive educational experience to a variety of visitorsmany of whom have no background in agriculture.
Discovery Park of America is a 501(c)(3) public charity funded by generous individuals, corporations and foundations including its principal funder, the Robert E. and Jenny D. Kirkland Foundation.

Farm Credit Announces Succession Planning Webinar

Retrieved on:

Tuesday, January 18, 2022

CEO, GLOBE, Farmer, Â, Farm Credit System, Livestock, MD, MidAtlantic Airways

Westminster, MD, Jan. 18, 2022 (GLOBE NEWSWIRE) -- MidAtlantic Farm Credit recently announced they will be hosting a free Succession Planning Webinar with AgChoice Farm Credit and Pennsylvania Farm Link on January 31.

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Westminster, MD, Jan. 18, 2022 (GLOBE NEWSWIRE) -- MidAtlantic Farm Credit recently announced they will be hosting a free Succession Planning Webinar with AgChoice Farm Credit and Pennsylvania Farm Link on January 31.
Brenda OBrien of NY FarmNet will be presenting the best practices to implement and pitfalls to avoid during farm succession planning.
Understanding the importance of transition planning is the first step in the process, says Tom Truitt, CEO at MidAtlantic Farm Credit.
It is part of the national Farm Credit System, a network of financial cooperatives established in 1916 to provide a dependable source of credit to farmers and rural America.

CoBank Quarterly: US Monetary Policy Poised to Replace COVID as Economic Wild Card

Retrieved on:

Thursday, January 13, 2022

Economic risks from new, high-impact coronavirus variants will remain throughout 2022, said Dan Kowalski , vice president of CoBanks Knowledge Exchange division.

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Economic risks from new, high-impact coronavirus variants will remain throughout 2022, said Dan Kowalski , vice president of CoBanks Knowledge Exchange division.
As the labor market inches closer to full employment, any last arguments for the Federal Reserve to maintain its highly accommodative monetary policy are losing their merit.
With the market now anticipating a sea change in monetary policy, the tightening of financial conditions has begun.
Headquartered outside Denver, Colorado, CoBank serves customers from regional banking centers across the U.S. and maintains an international representative office in Singapore.

Farm Credit Donates $115,000 to Local Food Banks

Retrieved on:

Tuesday, December 28, 2021

Farmer, Farm Credit System, Hope, Food, Poultry, Food Bank of Delaware, MidAtlantic Airways, Livestock, Time, Organization, GLOBE, The Co-operative Group, CEO, Grocery store, MD

Westminster, MD, Dec. 28, 2021 (GLOBE NEWSWIRE) -- MidAtlantic Farm Credit, a members-owned cooperative and an institution of the national Farm Credit system, donated a total of $115,000 in December to local food banks within their five state territory:

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Westminster, MD, Dec. 28, 2021 (GLOBE NEWSWIRE) -- MidAtlantic Farm Credit, a members-owned cooperative and an institution of the national Farm Credit system, donated a total of $115,000 in December to local food banks within their five state territory:
We are appreciative of the work our local food banks are doing to help fight food insecurity in our communities, said Tom Truitt, President and CEO of MidAtlantic Farm Credit.
Many of our members also provide resources to food banks each year through money, time, equipment, man-power, and the bountiful food they grow.
These donations are in addition to the $25,000 MidAtlantic Farm Credit donated to food banks in Delaware, Maryland, and Virginia for poultry in September during Hunger Action Month and National Poultry Month.
It is part of the national Farm Credit System, a network of financial cooperatives established in 1916 to provide a dependable source of credit to farmers and rural America.

Agricultural Cooperatives Announce Support for Victims of December Tornadoes

Retrieved on:

Tuesday, December 21, 2021

"CoBank and our partners have responded with a package of contributions benefitting a wide array of relief efforts.

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"CoBank and our partners have responded with a package of contributions benefitting a wide array of relief efforts.
We hope that our donations will help to alleviate some of the most immediate suffering and provide support for long-term recovery efforts."
"With cooperative partners, we're working to support our owners and their communities as they start to rebuild what was lost."
Cooperatives continue to identify impacted customers and are working to understand how best to meet their immediate and long-term needs.

Capital Farm Credit returns more than $60 million to borrowers

Retrieved on:

Monday, December 13, 2021

Program, Agriculture, Farm Credit System, GLOBE, Association, Partnership, Farmer, Time, Bank

Combined with the $98.4 million cash patronage paid in March of this year, Capital Farm Credit will return total cash distributions of $158.4 million to our members in 2021.

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Combined with the $98.4 million cash patronage paid in March of this year, Capital Farm Credit will return total cash distributions of $158.4 million to our members in 2021.
Capital Farm Credit is a cooperative, meaning our customers are also owners of our Association and share in our profits, said Jeff Norte, chief executive officer.
For more than 100 years, Capital Farm Credit has supported rural communities and agriculture with reliable, consistent credit and financial services.
Capital Farm Credit is a proud member of the Farm Credit system and serves more than 22,000 members, with loans outstanding totaling more than $10 billion.

Farm Credit Announces Recipients of Inaugural Farmers on the Rise Award Program

Retrieved on:

Friday, December 10, 2021

Income, Farmer, GLOBE, The Co-operative Group, Agriculture, Jenelle Hutcherson, Leadership, CEO, Farm Credit System, Program, Livestock

Westminster, MD, Dec. 10, 2021 (GLOBE NEWSWIRE) -- MidAtlantic Farm Credit recently announced the six recipients of their inaugural Farmers on the Rise program, awarding $10,000 prizes to young, beginning, small, minority, and/or veteran farmers in their territory.

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Westminster, MD, Dec. 10, 2021 (GLOBE NEWSWIRE) -- MidAtlantic Farm Credit recently announced the six recipients of their inaugural Farmers on the Rise program, awarding $10,000 prizes to young, beginning, small, minority, and/or veteran farmers in their territory.
The six recipients of this years award were recognized based on their efforts in agriculture, financial character, leadership, community wellbeing, and environmental stewardship.
MidAtlantic Farm Credit is an agricultural lending cooperative owned by its memberborrowers.
It is part of the national Farm Credit System, a network of financial cooperatives established in 1916 to provide a dependable source of credit to farmers and rural America.

CoBank Releases 2022 Year Ahead Report – Forces That Will Shape the U.S. Rural Economy

Retrieved on:

Thursday, December 9, 2021

The CoBank 2022 outlook report examines several key factors that will shape agriculture and market sectors that serve rural communities throughout the U.S.

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The CoBank 2022 outlook report examines several key factors that will shape agriculture and market sectors that serve rural communities throughout the U.S.
Nevertheless, strong consumer demand throughout much of the developed world will keep the economy humming.
U.S. Economy: Labor and Supply Chains to Improve, Inflation Might Not
The pandemic has significantly altered how our economy functions, with the greatest impact coming from what we consume.
Read the full report, 2022 The Year Ahead: Forces That Will Shape the U.S.

High Fertilizer Costs Likely to Extend into Spring Planting

Retrieved on:

Wednesday, December 1, 2021

Knowledge, Agrochemical, CF, Nitrogen, Farm Credit System, Soybean, Agriculture, Risk, GLOBE, Ethanol, CoBank, Water, Donaldson, Biofuel, Farmer, Fertilizer, COVID

Fertilizer price increases are being driven by nitrogen production challenges, tight global supplies, rising natural gas costs and steady demand.

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Fertilizer price increases are being driven by nitrogen production challenges, tight global supplies, rising natural gas costs and steady demand.
According to a new report from CoBanks Knowledge Exchange , fertilizer prices are expected to remain elevated for at least the next six months and throughout the 2022 spring agronomy season.
A temporary shutdown of CF Industries Donaldson fertilizer facility in Louisianathe worlds largest nitrogen operationcontributed to supply challenges, as did fertilizer export restrictions by China and Russia.
Farm supply cooperatives appear to be managing risk much more effectively today compared to 2008-09, when a sudden drop in fertilizer prices forced some cooperatives to write down fertilizer inventory.

CoBank To Redeem Series G Preferred Stock on January 1, 2022

Retrieved on:

Thursday, November 18, 2021

Transfer, AST, Par value, Farm Credit System, Agriculture, GLOBE, LLC, CoBank, Water, Farmer, Security (finance)

DENVER, Nov. 18, 2021 (GLOBE NEWSWIRE) -- CoBank, a cooperative bank serving agribusinesses, rural infrastructure providers and Farm Credit System associations throughout the United States, today announced that it will redeem all of its issued and outstanding shares of 6.125% Series G Non-Cumulative Perpetual Preferred Stock, Par Value $100 Per Share (Preferred Stock) on January 1, 2022.

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DENVER, Nov. 18, 2021 (GLOBE NEWSWIRE) -- CoBank, a cooperative bank serving agribusinesses, rural infrastructure providers and Farm Credit System associations throughout the United States, today announced that it will redeem all of its issued and outstanding shares of 6.125% Series G Non-Cumulative Perpetual Preferred Stock, Par Value $100 Per Share (Preferred Stock) on January 1, 2022.
The Preferred Stock will be redeemed at a redemption price of $100 together with accrued and unpaid dividends to but not including the redemption date (less any applicable tax withholding as required by law).
The redemption and paying agent for the redemption is American Stock Transfer & Trust Company, LLC (AST).
Headquartered outside Denver, Colorado, CoBank serves customers from regional banking centers across the U.S. and also maintains an international representative office in Singapore.