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.
After leaving the Air Force in 2012 with a service-connected disability, Robert Barnett was looking for a new career when he fell into farming by accident by gardening at his family’s home in Ventura, even though “it was years before I could grow something,” he recalled.
Recently, the U.S. Department of Agriculture (USDA) announced an additional $14 billion for agricultural producers who continue to face financial challenges from the COVID-19 pandemic and related market disruptions.
For 25 years, the Center for Land-Based Learning has provided hands-on education and workforce development opportunities to high school-aged youth and beginning farmers. With its current facility bursting at the seams, Land-Based Learning recently held a ground-breaking ceremony for its all-new home outside of Woodland and Farm Credit is proud to help make it possible.
Multiple associations of the Farm Credit System, which has served the nation’s agricultural and rural communities for more than 100 years, have come to the aid of a community in need. Together they have donated nearly $500,000 to help victims of the devastating Camp Fire in Butte County, the deadliest fire in California’s history.
Farm Credit West, ACA, one of the nation’s largest agricultural lending cooperatives, is proud to announce they will once again be distributing patronage dividends to qualifying member-stockholders as a return on their equity from robust 2018 earnings.
A decade ago FarmLink forged a unique approach for farmers and ranchers to gather, discuss, and learn about options for financing. In 2018 we reintroduced the approach with Growing Opportunity: Farm Finance Expo, a day-long event in West Sacramento on March 28. The Expo brought together 62 farmers and 10 lenders along with several partners and speakers.