Westminster MD (May 16, 2011) – MidAtlantic Farm Credit, an agricultural lending cooperative, recently announced the results of their annual election of board and nominating committee members.
The following were elected to serve on the cooperative’s board of directors: Paul D. Baumgardner, Emmitsburg, MD; Gary L. Grossnickle, Walkersville, MD; Dale R. Hershey, Manheim, PA; T. Jeffery Jennings, Luray, VA; M. Wayne Lambertson, Pocomoke City, MD; Dale J. Ockels, Milton, DE; Lingan T. Spicer, Church Creek, MD; and Christopher R. Stiles, Berryville, VA.
Elected to serve on the 2012 nominating committee were: C. Breckenridge Debnam, Chestertown, MD; Jerry A. Burner, Luray, VA; Charles R. Garber, Timberville, VA; Lawrence Z. Good, Womelsdorf, PA; Douglas W. Green, Princess Anne, MD; Rodney G. Harbaugh, Rocky Ridge, MD; Burton D. Messick, Laurel, DE; Henry T. Oakley, Sr., Salisbury, MD; James Brian Quinn, Kennedyville, MD; Jeremy J. Wagerman, Taneytown, MD; Jay L. Weaver, Myerstown, PA; and Fred N. West, III, Frankford, DE
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 over 10,500 members and approximately $2.3 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 mafc.com.
Media Contact:
Sandy Wieber
Vice President of Marketing
MidAtlantic Farm Credit
800.333.7950
swieber@mafc.com
Monday, May 16, 2011
Monday, March 14, 2011
MidAtlantic Farm Credit announces stockholder meeting dates
Westminster, MD (March 14, 2011) – Customers of MidAtlantic Farm Credit (MAFC) should plan to attend one of the sectional stockholders’ meetings scheduled in April. Meeting attendees will join fellow stockholders, directors and staff of MAFC for a meal and fellowship as well as hear an update on the association’s plans for 2011. Entertainment will follow the business portion of the meeting at all locations.
Registration for the meetings will begin at 6:15 p.m. with dinner being served at 7:00 p.m. The meeting dates and sites are as follows:
• April 5 The Fountains, Salisburgy MD
• April 6 Modern Maturity Center, Dover DE
• April 7 Yoder’s Restaurant, New Holland PA
• April 12 Walkersville Fire Hall, Walkersville MD
• April 13 Millwood Station, Winchester VA
Eligible stockholders will 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 home address on April 20. MidAtlantic President, Bob Frazee, invites all stockholders to attend the meeting most convenient to them. “It was another successful year for MidAtlantic,” noted Frazee. “I hope many of our customers will attend to hear a brief report on last year’s financial results and to learn what management has planned this year to try and repeat last year’s results.”
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 in the United States.
Media Contact:
Sandy Wieber
Vice President of Marketing
MidAtlantic Farm Credit
800.333.7950
swieber@mafc.com
Registration for the meetings will begin at 6:15 p.m. with dinner being served at 7:00 p.m. The meeting dates and sites are as follows:
• April 5 The Fountains, Salisburgy MD
• April 6 Modern Maturity Center, Dover DE
• April 7 Yoder’s Restaurant, New Holland PA
• April 12 Walkersville Fire Hall, Walkersville MD
• April 13 Millwood Station, Winchester VA
Eligible stockholders will 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 home address on April 20. MidAtlantic President, Bob Frazee, invites all stockholders to attend the meeting most convenient to them. “It was another successful year for MidAtlantic,” noted Frazee. “I hope many of our customers will attend to hear a brief report on last year’s financial results and to learn what management has planned this year to try and repeat last year’s results.”
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 in the United States.
Media Contact:
Sandy Wieber
Vice President of Marketing
MidAtlantic Farm Credit
800.333.7950
swieber@mafc.com
Wednesday, February 16, 2011
Amber Bullock hired as MidAtlantic Farm Credit intern
Westminster, Md. (February 16, 2011) – How do you get a job without experience? And how do you get experience without a job?
Amber N. Bullock of Magnolia, DE, who has been hired as an intern to work in the MidAtlantic Farm Credit (MAFC) marketing department will be solving this problem by taking advantage of the opportunity to work and learn in the real work environment with mentors and professionals. The opportunity is a major step in preparing college students to enter the world of life after college.
Bullock majors in Food and Agribusiness Marketing & Management at the University of Delaware. She currently serves as the state president of the Delaware Future Farmers of America. She is also a member of the National Agri-Marketing Association Team, and serves as a Blue Hen Ambassador, giving educational tours to prospective new college students.
Amber’s hometown is Harrington, DE where she grew up on a family farm. She graduated from Lake Forest High School.
MidAtlantic Farm Credit is pleased to offer internship positions to college students. “We feel the students bring diversity to our offices, offering a fresh perspective and varying backgrounds for our staff and our customers. We often learn from them as much as they learn from us,” says Lynn Hempey of MAFC’s Human Resource Department.
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 10,200 members and $2.3 billion in loans outstanding. MidAtlantic Farm Credit 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
Vice President of Marketing
MidAtlantic Farm Credit
410.259.2625
SWieber@MAFC.com
Westminster, Md. (February 16, 2011) – How do you get a job without experience? And how do you get experience without a job?
Amber N. Bullock of Magnolia, DE, who has been hired as an intern to work in the MidAtlantic Farm Credit (MAFC) marketing department will be solving this problem by taking advantage of the opportunity to work and learn in the real work environment with mentors and professionals. The opportunity is a major step in preparing college students to enter the world of life after college.
Bullock majors in Food and Agribusiness Marketing & Management at the University of Delaware. She currently serves as the state president of the Delaware Future Farmers of America. She is also a member of the National Agri-Marketing Association Team, and serves as a Blue Hen Ambassador, giving educational tours to prospective new college students.
Amber’s hometown is Harrington, DE where she grew up on a family farm. She graduated from Lake Forest High School.
MidAtlantic Farm Credit is pleased to offer internship positions to college students. “We feel the students bring diversity to our offices, offering a fresh perspective and varying backgrounds for our staff and our customers. We often learn from them as much as they learn from us,” says Lynn Hempey of MAFC’s Human Resource Department.
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 10,200 members and $2.3 billion in loans outstanding. MidAtlantic Farm Credit 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
Vice President of Marketing
MidAtlantic Farm Credit
410.259.2625
SWieber@MAFC.com
Monday, January 24, 2011
MidAtlantic Farm Credit awards borrowers $19.6 million to close a financially successful 2010
Westminster, Md. (January 24, 2011) – MidAtlantic Farm Credit is celebrating a financially robust 2010 by distributing $11.6 million in profit-sharing checks to its member-borrowers. In addition to $8 million distributed earlier, this results in $19.6 million in cash being returned to our members for 2010.
MidAtlantic Farm Credit serves borrowers in Delaware, Maryland, Pennsylvania, Virginia and West Virginia.
“Last year’s performance shows a strong improvement over 2009,” said MidAtlantic Farm Credit President and CEO Bob Frazee. “MidAtlantic Farm Credit has certainly experienced some upward momentum over the past year.”
As a co-op, MidAtlantic Farm Credit shares a portion of its annual profits with borrowers each year. In the past 10 years, MidAtlantic Farm Credit has distributed more than $200 million in dividends. Historically, at least 70 percent of annual profits are returned to member-borrowers.
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 10,200 members and $2.3 billion in loans outstanding. MidAtlantic Farm Credit 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
Vice President of Marketing
MidAtlantic Farm Credit
410.259.2625
SWieber@MAFC.com
Westminster, Md. (January 24, 2011) – MidAtlantic Farm Credit is celebrating a financially robust 2010 by distributing $11.6 million in profit-sharing checks to its member-borrowers. In addition to $8 million distributed earlier, this results in $19.6 million in cash being returned to our members for 2010.
MidAtlantic Farm Credit serves borrowers in Delaware, Maryland, Pennsylvania, Virginia and West Virginia.
“Last year’s performance shows a strong improvement over 2009,” said MidAtlantic Farm Credit President and CEO Bob Frazee. “MidAtlantic Farm Credit has certainly experienced some upward momentum over the past year.”
As a co-op, MidAtlantic Farm Credit shares a portion of its annual profits with borrowers each year. In the past 10 years, MidAtlantic Farm Credit has distributed more than $200 million in dividends. Historically, at least 70 percent of annual profits are returned to member-borrowers.
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 10,200 members and $2.3 billion in loans outstanding. MidAtlantic Farm Credit 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
Vice President of Marketing
MidAtlantic Farm Credit
410.259.2625
SWieber@MAFC.com
Wednesday, January 5, 2011
For more information contact:
Sandy Wieber, Sr. VP of Marketing
800.333.7950
For Immediate Release
January 5, 2011
(Winchester, VA) MidAtlantic Farm Credit announced today that it is returning more than $2.7 million to stockholders in its Valley region. MidAtlantic’s Valley region consists of Morgan, Berkeley, and Jefferson counties in West Virginia; and Frederick, Clarke, Warren, Shenandoah, and Page counties in Virginia.
“As a cooperative lender, we are committed to two primary missions,” says Thomas Truitt, regional lending manager for the Valley area. “One is to provide a stable source of financing for agriculture and rural homeowners, and the other is to share our profits with our stockholders. We’ve proud that we have been meeting the first mission, even during the financial crisis, and we’re thrilled that we are also able to put literally millions of dollars back into our local community.”
The source of the funds came from three separate pools: the first pool was $639k, which represents the patronage distribution from 2003, put aside while the region was operating as Valley Farm Credit. The second pool was from a retirement of A-Stock (stock held by non-active borrowers), and the third was a lowered stock requirement for current members.
“We’re dedicated to finding a balance between having a strong capital base and returning as much as possible to our borrowers,” says Truitt. “We’re very pleased that our focus on efficiency has allowed us to maintain the proper amount of capital in reserve, and distribute the rest to our stockholder/borrowers.”
Eligible stockholders will receive their checks by the end of the year.
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.
Sandy Wieber, Sr. VP of Marketing
800.333.7950
For Immediate Release
January 5, 2011
(Winchester, VA) MidAtlantic Farm Credit announced today that it is returning more than $2.7 million to stockholders in its Valley region. MidAtlantic’s Valley region consists of Morgan, Berkeley, and Jefferson counties in West Virginia; and Frederick, Clarke, Warren, Shenandoah, and Page counties in Virginia.
“As a cooperative lender, we are committed to two primary missions,” says Thomas Truitt, regional lending manager for the Valley area. “One is to provide a stable source of financing for agriculture and rural homeowners, and the other is to share our profits with our stockholders. We’ve proud that we have been meeting the first mission, even during the financial crisis, and we’re thrilled that we are also able to put literally millions of dollars back into our local community.”
The source of the funds came from three separate pools: the first pool was $639k, which represents the patronage distribution from 2003, put aside while the region was operating as Valley Farm Credit. The second pool was from a retirement of A-Stock (stock held by non-active borrowers), and the third was a lowered stock requirement for current members.
“We’re dedicated to finding a balance between having a strong capital base and returning as much as possible to our borrowers,” says Truitt. “We’re very pleased that our focus on efficiency has allowed us to maintain the proper amount of capital in reserve, and distribute the rest to our stockholder/borrowers.”
Eligible stockholders will receive their checks by the end of the year.
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.
Tuesday, November 2, 2010
2011 Calendar Photo Winners Announced
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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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.
-30-
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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