Category : Association News

MidAtlantic Farm Credit announced the distribution of approximately $10 million cash to its customers this month. The monies are from the revolvement of nonqualified allocated surplus (NQAS) issued in 2006. This is the first profit distribution in 2015 for the association: Over the course of 2014, MidAtlantic Farm Credit distributed a total of over $33.7. Read More »

MidAtlantic Farm Credit recently announced the hiring of Eric Woodland as a loan officer trainee, based in the company’s Dover, Delaware office. Woodland will report directly to Martin Desmond, area manager for MidAtlantic Farm Credit.   Woodland was a sales and lending intern with MidAtlantic Farm Credit from June through December 2014. “Eric was able. Read More »

In a world where an increasing demand for higher education has pressured young scholars into taking on massive amounts of debt, we have to be on the lookout for any type of aid that will help make our lives (and financial situations) a little bit easier. According to College Board, average tuition and boarding prices are. Read More »

MidAtlantic Farm Credit recently launched a new website at mafc.com. The redesigned site includes user-friendly navigation, an improved search function, fast access to office locations, and an innovative content management system, which will keep content fresh and relevant for local farmers searching for a local lender. “This redesign was a crucial step in improving our. Read More »

MidAtlantic Farm Credit announced the distribution of $12.5 million to its customers this month as part of the nonqualified allocated surplus (NQAS) the association issued in 2005 and 2006. This is in addition to the $21.2 million MidAtlantic Farm Credit distributed to its customers in February and March, bringing the total patronage distribution to over. Read More »

MidAtlantic Farm Credit, a members-owned cooperative and an institution of the national Farm Credit system, recently reported their third quarter financial results for 2014. Net income for the quarter of $12.3 million was up $2.3 million from the $10.0 million for the same quarter of 2013.  For the first nine months of 2014, net income. Read More »

Veteran’s Day is about thanking those that have served our country, and even though Veteran’s Day has come and gone, we still have some celebrating to do. The next issue of our Leader magazine will feature a program that educates veterans on organic farming and three different customers that not only help feed our nation,. Read More »

As Cooperative Month comes to a close, we would like to take one last look at our 2014 Scholarship Winner’s Cooperative Essays and their insight as to why Cooperatives are important to the agriculture industry. By: Jared Harshman, 2014 Scholarship Winner from Mt. Airy, Maryland “Today’s farmer (agricultural advocate) is continually facing challenges brought on. Read More »

As a part of our Scholarship Program at MidAtlantic Farm Credit, each year, we present 12 scholarship awards to ambitious students that are ready to take the next step in furthering their education. These students have demonstrated excellence in their schoolwork as well as outside the classroom. Part of the scholarship application involves answering essay. Read More »

In case you missed our post last week, we are very excited for Cooperative month. Being a part of a cooperative has many benefits; if you happen to be a member-borrower at MidAtlantic Farm Credit, one of those benefits includes your patronage return! Last week we also highlighted some of the excellent things our 2014. Read More »