Category : Press Releases
MidAtlantic Farm Credit, a members-owned cooperative and an institution of the national Farm Credit System, recently reported their first quarter financial results for 2016. Net income for the quarter was $10.2 million, a 5.7 percent decrease compared to the first quarter of 2015. Net interest income for the first quarter was $16.3 million, a 2.0. Read More »
Farm Credit participated in the Senate Committee on Agriculture, Nutrition and Forestry’s full committee hearing titled, “The Farm Credit System: Oversight and Outlook of the Current Economic Climate” on May 19. “It’s vital that we stay in front of our legislators to make sure they know we remain true to our mission, which hasn’t. Read More »
MidAtlantic Farm Credit has announced the results of their 2016 board of directors and nominating committee elections.
MidAtlantic Farm Credit recently announced the hiring of Jordan Naugle as a loan officer. Naugle will report directly to John Stump, area lending manager for MidAtlantic Farm Credit. “Jordan is very familiar with Farm Credit’s products and services, and MidAtlantic’s territory,” says Stump. “We are happy to bring him on board and believe he. Read More »
MidAtlantic Farm Credit, a members-owned cooperative association and part of the national Farm Credit System, recently published their 2015 annual report. The association reported a net income of $53.1 million in 2015. Their loan portfolio has grown from $2.28 billion in 2014 to $2.46 billion, with acceptable credit quality increasing from 96.9 percent to 97.8. Read More »
MidAtlantic Farm Credit recently announced the hiring of Deanna Dunning as a mortgage loan originator. She will be based in the association’s Dover, Delaware office and will report directly to Jason Reep, mortgage loan origination manager for MidAtlantic Farm Credit. “We’re excited to bring Deanna on board as the newest member of our department,”. Read More »
MidAtlantic Farm Credit announced the distribution of over $16 million in cash to its members this month. This is in addition to the $4.4 million that was distributed in February. “Our patronage program is something that not only distinguishes us from other lenders, but it allows us to give back directly to our members. Read More »
Farm Credit was recognized by the Maryland General Assembly in Annapolis on National Ag Day, March 15, for providing financial support to rural communities throughout the state of Maryland. Farm Credit is celebrating their centennial this year, marking a century of helping rural America by providing access to the credit necessary to ensure producers succeed.. Read More »
MidAtlantic Farm Credit has selected the twelve students who will receive a combined total of $18,000 in college scholarships. The recipients reside within the five states MidAtlantic Farm Credit serves.
MidAtlantic Farm Credit announced the local winners of the national Fresh Perspectives Search, held as part of Farm Credit’s centennial celebration. The nationwide search ran from July through December 2015, looking for people making an impact in the agriculture industry, and leading the way for future generations.