Almonds may be California’s second-largest crop, bringing in $5.62 billion in sales in 2020, but almond growers feel whipsawed by two factors over which they have no control: water and supply chains.

For some, farming isn’t so much a job they choose as it is a lifestyle they were born into. Many grow into the role of operator with strong support from their parents and grandparents. Others, however, enter the industry without the rich history of a family business to bolster them, and the related knowledge, infrastructure and resources.

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).

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.

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.

Agribusiness students at Cal Poly San Luis Obispo will have additional funding for student projects in the years to come after Farm Credit donated nearly $255,000 this year to create an endowment fund for the College of Agriculture, Food and Environmental Sciences.