Monday, March 15, 2010

MidAtlantic Farm Credit to hold Stockholder Meetings

(Westminster, MD) – Customers of MidAtlantic Farm Credit are invited to attend one of the cooperative lender’s stockholder meetings scheduled in April. Registration for the meetings begins at 6:15 p.m. and dinner is served at 7:00 p.m. Meetings will be held:

• April 6 at The Fountains, Salisbury, MD
• April 7 at Modern Maturity Center, Dover, DE
• April 12 at Yoder’s Restaurant, New Holland, PA
• April 13 at Walkersville Fire Hall, Walkersville, MD
• April 14 at Millwood Station, Winchester, VA

Eligible stockholders can participate in the election of directors and nominating committee members at the meeting. In addition, mail-in ballots will be sent to all eligible voting stockholders’ on April 21, with election results announced by June 7, 2010. MidAtlantic President, Bob Frazee invites all stockholders to attend the meeting most convenient to them. MidAtlantic Farm Credit is one of the largest agricultural lenders on the east coast. They are part of the national Farm Credit System, a cooperative lender with more than 500,000 member owners and a portfolio of over $165 billion in the United States.

Friday, March 5, 2010

FARM CREDIT DROPS HOT NEW COUNTRY RAP VIDEO

WESTMINSTER, MD— Farm Credit pays homage to rural America with a country rap video. That’s right, a country rap video. Word.

The video showcases the mad creative skills, courage (one guy attempts a back flip on his motorcycle–emphasis on attempts!), and dedication of folks who entered the first-ever Keepin’ It Rural Video Contest. Contest co-sponsor MidAtlantic Farm Credit has awarded cash prizes totaling $6,000.

The contest winners are Debbie Brozio from Lake Alfred, Fla., (third place), David Knight from Pittsboro, N.C., (second place), and the rapper himself, Josh Anderson, from Greensboro, N.C., (first place).

“We were floored by the quality of the entries we received,” says Mike Mooney, Farm Credit’s contest manager. “People put so much time and effort into their videos, and we felt honored that they’d share part of their lives with us. Lots of hip farmers out there.”

It’s not too late to get in on the action. MidAtlantic Farm Credit is currently running the second-ever Keepin’ It Rural Video Contest and has added a new photo contest, too. Folks can get the details, and enter the contests, at www.ikeepitrural.com.

The new Farm Credit country rap video can be viewed on the Keepin’ It Rural channel on YouTube, at http://www.youtube.com/keepinitrural#p/u/0/NQ_uk0XJ7HE.

The video and photo contests are open to residents of the 15 states included in the AgFirst Farm Credit Bank district. They are: Pennsylvania, Maryland, Delaware, Virginia, North Carolina, South Carolina, Georgia, Florida, Alabama, Mississippi, Louisiana, Tennessee, Kentucky, West Virginia, and Ohio.

About MidAtlantic Farm Credit

MidAtlantic Farm Credit is an agricultural lending cooperative owned by its member-borrowers. It provides farm loans for land, equipment, livestock and production; crop insurance; and rural home mortgages. The co-op has 10,500 members and $2.2 billion in loans outstanding. MidAtlantic has branches serving Delaware, Maryland, Pennsylvania, Virginia and West Virginia. 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. For more information, visit www.mafc.com.

Media contact:
Sandy Wieber
MidAtlantic Farm Credit
410.259.2625


How to get rap video file: Immediate download (.MOV format) is available for media/press from www.ikeepitrural.com/press. Please contact Donna Camacho at dcamacho@agfirst.com or(803) 753-2251 for password information.

Crop insurance deadline approaches

WESTMINSTER, MD – MidAtlantic Farm Credit advises farmers not to miss the March 15 deadline for securing crop insurance for the 2010 growing season.

The closing date applies to farms growing spring crops, including corn and soybeans. By that time, all new policies, changes to existing policies, or cancellations must be filed.

The eligibility requirements for enterprise units have changed for the 2010 crop year said Kathi Levan, MidAtlantic Farm Credit Crop Insurance Manager. Enterprise units combine all acres of a crop in a county into one unit regardless of ownership, share or practice. There are strong premium subsidies for enterprise units, making coverage more affordable for farmers.

To qualify for an enterprise unit, the crop must meet the following:

•There must be a minimum of 50 acres
•The unit must include acreage from at least two sections or farm serial numbers(FSNs)
•At least two FSNs in the enterprise unit must contain the lesser of 20 acres or 20% of the total acreage in the EU.

All policyholders should make sure their name, entity and SSN/EIN are listed correctly on their insurance forms, Levan said.

In addition, growers who held Farm Credit crop insurance coverage for last year’s crops must file their 2009 production reports by April 30.

MidAtlantic Farm Credit provides crop insurance to more than 600 policy holders in Maryland, Delaware, Pennsylvania, Virginia, and West Virginia.

For information about crop insurance call Kathi Levan at 888.339.3334

About MidAtlantic Farm Credit
MidAtlantic Farm Credit is an agricultural lending cooperative owned by its member-borrowers. It provides farm loans for land, equipment, livestock and production; crop insurance; and rural home mortgages. The co-op has 10,500 members and $2.2 billion in loans outstanding. MidAtlantic has branches serving Delaware, Maryland, Pennsylvania, Virginia and West Virginia. 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. For more information, visit www.mafc.com.

Media contact:
Sandy Wieber
MidAtlantic Farm Credit
410.259.2625