During the spring, hundreds of Farm Credit members and staff from California and around the country head to Washington, D.C., for the annual Farm Credit Fly-In. While at the Capitol, associates visit with their members of Congress and key federal regulators to discuss pending legislation and other important matters affecting agriculture.

Jesus Toro is a man with a plan. The son of a farmworker and a former Marine helicopter mechanic, Toro’s goal is to become a fulltime beekeeper within three years, servicing orchards in California and the Pacific Northwest. A just-awarded Farmer Veteran Coalition grant – funded by Farm Credit – will be a big step toward achieving that goal.

Over the past seven years, former farmworker Aldo Gonzalez has expanded his farm business from five to 44 acres, helped by annual operating loans from California FarmLink, an Aptos-based nonprofit that since 2013 has also operated as a Community Development Financial Institution (CDFI).

On June 14, 2021, Farm Credit West's Independent Auditor convened to tally the ballots of the recent 2021 Farm Credit West Director Election. The results of this event are documented in the customer letter posted here, completing the 2021 director election process for Farm Credit West. Those who participated in the election process play an important role in FCW's success. We convey our most sincere appreciation to those who agreed to serve as director candidates, Nominating Committee members/candidates and to all those stockholders who cast their ballots. 

The wine industry is a huge part of California agriculture. According to the Wine Institute, there are 5,900 wine grape growers in the Golden State, cultivating the crop on 635,000 acres. The growers harvest almost 4 million tons of grapes a year, generating over $3 billion in farmgate revenue. In total, the wine industry has an economic impact of $57 billion a year and employs 325,000 Californians.

In 1975, a group of women concerned about challenges to California agriculture got together to “speak on behalf of the busy farmer” and educate consumers and legislators about farming issues. Today, the CWA has become one of the largest all-volunteer advocacy groups in the nation, consisting of a diverse group of bankers, lawyers, accountants, marketing professionals and consumers – along with farmers and ranchers.

Earlier today, Farm Credit West – a cooperative lending institution focusing exclusively on the agriculture industry – announced strong financial results for 2020 with continued growth in net income, earning assets and capital. These strong results positively positioned the Association to distribute 1.5% of eligible average outstanding loan balances in 2020 to customer-owners in a cash patronage dividend.

The COVID-19 pandemic posed remarkable challenges for California’s farmers and ranchers in 2020. Abrupt shifts in demand caused by restaurant and school closures and a jump in meals prepared at home forced producers to pivot to respond to these market shifts and many farmers experienced significant losses as a result.

At Farm Credit West, we are focused on the future of agriculture and actively seek opportunities to support the next generation of leaders through educational scholarships. Since 1994, Farm Credit West has proudly provided $989,500 to 266 scholars. Scholarship recipients are provided with $1,500 scholarships which can be renewed three times for a total of $6,000.

Farm Credit West, ACA recently announced the Board of Directors has voted to distribute a patronage dividend to customer-owners equal to 150 basis points (bps) or 1.50% of eligible average outstanding loan balances in 2020. This patronage dividend includes a special pandemic related relief payment of 50 bps distributed to customers during the summer of 2020.