MidAtlantic Farm Credit has reported the results of the 2015 board of directors and nominating committee elections.
It’s one thing to spend a lot of time on your crops; the soil needs to be just right, the pests need to be kept at bay and the produce needs the attention necessary to keep them growing into a top quality product. One thing, however, that is almost as important as the product you produce,. Read More »
MidAtlantic Farm Credit recently announced the hiring of Jason Miller as a loan officer. He will be based out of the association’s Woodstock, Virginia office. Miller will report directly to Karen Swecker, area lending manager for MidAtlantic Farm Credit.
MidAtlantic Farm Credit, a members-owned cooperative and an institution of the national Farm Credit System, recently reported their first quarter financial results for 2015. Net income for the quarter was $10.8 million, a 2.1 percent increase compared to the first quarter of 2014. Net interest income for the first quarter was $16.6 million, a 1.4. Read More »
Part of managing your risks as a farmer means taking necessary precautions to keep your crops and livestock disease and pest free. This can be expensive and time-consuming but can mean the difference between having a solid harvest and losing out on a season. By taking precaution and putting preventive measures in place before an. Read More »
Recently, we have been notified of an increase in fraudulent caller reports and phishing scams. These calls are disguised well, as they often appear to be from one of the company’s phone numbers and use official terminology requesting payment on overdue accounts. The calls may also leave a message for you to call them back. Read More »
MidAtlantic Farm Credit, a members-owned cooperative and part of the national Farm Credit System, recently published their 2014 annual report. The association reported a net income of $67.0 million in 2014. Their loan portfolio has grown from $2.20 billion in 2013 to $2.28 billion in 2014, with acceptable credit quality remaining at 97 percent. . Read More »
Zach Evans, loan officer for local agricultural lender MidAtlantic Farm Credit, was recently selected to serve on the administrative council of Northeast Sustainable Agriculture Research and Education (SARE). Evans will be filling the rural banking/agricultural lending seat of the council. His term will begin in July. Northeast SARE is a grants program through the. Read More »
Bill Kitsch, regional lending manager for local agricultural lender MidAtlantic Farm Credit, was recently appointed to the board of directors for Pennsylvania Association for Sustainable Agriculture (PASA). His term began at the board meeting on March 26. Based in Millheim, Pennsylvania, PASA’s mission is to bring farmers together and to build relationships between farmers. Read More »
MidAtlantic Farm Credit announced the distribution of over $15 million in cash to its members this month. This is in addition to the approximately $10 million that was distributed in February. “We are very proud to be able to allocate a second patronage distribution to our member-borrowers this month,” says Bob Frazee, CEO of. Read More »