For more information contact:
Sandy Wieber, Vice President – Marketing
800.333.7950 – swieber@mafc.com
FOR IMMEDIATE RELEASE
November 2, 2010
2011 calendar photo winners announced
(Westminster Md) – MidAtlantic Farm Credit has announced the winners of its annual photo contest. Winning entries will be featured in MidAtlantic’s 2011 calendar, which will be available in their offices after November 1.
The grand prize winner was Jenny Hendershot, of Clear Spring, Maryland. “I’m so excited,” said Hendershot, after learning of her win. “I enjoy this contest every year, and I feel very honored to be selected!”
“Jenny’s photo—a shot of blooming clover with farm buildings in the background—is a great representation of the beauty and serenity that are found in rural America,” says Sandy Wieber, Senior Vice President of Marketing for MidAtlantic. Wieber was one of five judges who assessed the more than (number) of photos that were submitted this year.
Other winners include: Sam Miller of White Post, VA; Jens Andersen of Jefferson, MD; Marilyn Spark of Upperco, MD; Donna Dawson of Kennett Square, PA; Jennifer Hoffman Collins of Glen Arm, MD; Marjorie Baugher of Westminster, MD; Bridgette McMahon Daugherty of Berkeley Springs, WV; Holly Porter of Goldsboro, MD; Bradley Shaffer of Port Valley, VA; Clair Good of East Earl, PA; Annette Billings of Milford, DE; Cindy Stys of Stroudsburg, PA; Liz Zander of Dickerson, MD; Jenna Myers of Union Bridge, MD; Jennifer Bruno of Kutztown, PA and Donna Wilkins of Greenwood, DE.
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 borrowers and a portfolio of over $160 billion.
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Tuesday, November 2, 2010
Monday, November 1, 2010
The Farm Credit System: Financial Strength Benefitting Rural America
By Mike Mason, Director of Communications, Farm Credit Council
Today’s farms, ranches and agricultural enterprises are more diverse and more specialized. And today’s farms and related businesses require new financial services, more equity and greater flexibility from their lenders if they are to effectively manage their businesses. Producers and rural entrepreneurs of all types need access to dedicated, specialized lenders to meet their complete credit and financial services needs.
Farm Credit was created to meet that need and continues to pursue its mission of service to agriculture and rural America. Because Farm Credit institutions are cooperatively owned by the agricultural producers who borrow from them, Farm Credit remains dedicated to improving the quality of life on the farm and in rural America through competitive lending, financial services and sound business advice.
Farm Credit provides sound and dependable credit to American agricultural producers, their cooperatives and farm-related businesses. We also provide loans for things such as agricultural processing and marketing activities, rural housing, rural utilities, and international agricultural trade. We do this by making appropriately structured loans to qualified individuals and businesses at competitive rates and by providing financial services and advice. Farm Credit offers more than just a loan – we offer more than 94 years of expertise in financing and agricultural business practices.
Farm Credit institutions are chartered by the federal government and must operate within limits established by the Farm Credit Act. The Farm Credit System is regulated by an independent federal agency, the Farm Credit Administration, which has all of the enforcement, regulatory and oversight authority as other federal financial regulators.
Agricultural producers who borrow from Farm Credit are the ones who make the controlling decisions about their institution. They elect their own boards of directors and their institution’s earnings are either retained to capitalize additional lending or paid out to borrowers in the form of patronage dividends. The capital that Farm Credit loans to farmers comes from the sale of bonds on the open market by the System. Farm Credit is not subsidized by the federal government nor is it a government agency.
In addition, all Farm Credit institutions have locally tailored programs specifically focused on the needs of young, beginning and small farmers- the future of U.S. agriculture. Because System institutions are guided by boards of directors comprised of agricultural producers, many of whom have sons and daughters involved in agriculture, they are highly sensitive and responsive to the needs of young and beginning farmers.
You can find out more about the Farm Credit System at our new website.
Today’s farms, ranches and agricultural enterprises are more diverse and more specialized. And today’s farms and related businesses require new financial services, more equity and greater flexibility from their lenders if they are to effectively manage their businesses. Producers and rural entrepreneurs of all types need access to dedicated, specialized lenders to meet their complete credit and financial services needs.
Farm Credit was created to meet that need and continues to pursue its mission of service to agriculture and rural America. Because Farm Credit institutions are cooperatively owned by the agricultural producers who borrow from them, Farm Credit remains dedicated to improving the quality of life on the farm and in rural America through competitive lending, financial services and sound business advice.
Farm Credit provides sound and dependable credit to American agricultural producers, their cooperatives and farm-related businesses. We also provide loans for things such as agricultural processing and marketing activities, rural housing, rural utilities, and international agricultural trade. We do this by making appropriately structured loans to qualified individuals and businesses at competitive rates and by providing financial services and advice. Farm Credit offers more than just a loan – we offer more than 94 years of expertise in financing and agricultural business practices.
Farm Credit institutions are chartered by the federal government and must operate within limits established by the Farm Credit Act. The Farm Credit System is regulated by an independent federal agency, the Farm Credit Administration, which has all of the enforcement, regulatory and oversight authority as other federal financial regulators.
Agricultural producers who borrow from Farm Credit are the ones who make the controlling decisions about their institution. They elect their own boards of directors and their institution’s earnings are either retained to capitalize additional lending or paid out to borrowers in the form of patronage dividends. The capital that Farm Credit loans to farmers comes from the sale of bonds on the open market by the System. Farm Credit is not subsidized by the federal government nor is it a government agency.
In addition, all Farm Credit institutions have locally tailored programs specifically focused on the needs of young, beginning and small farmers- the future of U.S. agriculture. Because System institutions are guided by boards of directors comprised of agricultural producers, many of whom have sons and daughters involved in agriculture, they are highly sensitive and responsive to the needs of young and beginning farmers.
You can find out more about the Farm Credit System at our new website.
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