September 17, 2021

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Mortgage News

MidAtlantic Farm Credit Announces Young, Beginning, and/or

Westminster, MD, Aug. 10, 2021 (GLOBE NEWSWIRE) – MidAtlantic Farm Credit recently announced a three-part webinar resource series for Young, Beginner, and / or Smallholder Farmers (YBS) from August 24-26, 2021.

“We recognize that young, budding and small farmers have big dreams and plans for their future,” said Stuart Cooper, senior vice president and chief lending officer, MidAtlantic Farm Credit. “These webinars cover the basics of what it takes to run a successful farm and how to deal with some of the confusing financial aspects of running a farm.”

Three of our loan officers who have experience growing YBS farmers will teach each session and share their tips and resources. The series will take place during Farm Credit’s “YBS Week” from 23 to 27 August 2021 on the following dates:

  • How to create a farm budget
    with Jessica Harris, Farm Credit Loan Officer in Winchester, Virginia
    August 24th | 1 p.m. – 1:45 p.m.
    Find out what a farm budget is, why you should create one, what to include in your budget, and what the difference is between fixed and variable costs.
  • How to Build Your Farm Resource Team
    with Austin Benner, Farm Credit Loan Officer, based in Mount Joy, Pennsylvania
    August 25 | 1 p.m. – 1:45 p.m.
    Learn what a farm resource team is, why a team approach is important to your farm’s success, who should be on your team, and how to connect with agricultural experts.
  • What You Should Know Before Applying for a Farm Loan
    with Amy Rowe, Farm Credit loan officer in Salisbury, Maryland
    August 26th | 1 p.m. – 1:45 p.m.
    Find out how to choose a lender, different loan options, what loan officers look for in your application, the importance of the construction loan and your creditworthiness, the preparation of your loan application, what to expect during the loan process and much more!

Participants can register online for the entire series of webinars by simply registering at mafc.com/event/webinar. After registering, participants will receive all of the materials by email and can be there live or watch the reruns if they wish. If you have any questions that our speakers should answer during the meetings, please email them to [email protected].

Via MidAtlantic Farm Credits

MidAtlantic Farm Credit is an agricultural credit union owned by its member borrowers. It grants agricultural loans for land, equipment, livestock, and production; Crop insurance; and rural home mortgages. The cooperative has over 12,000 members and over $ 2.9 billion in outstanding loans. MidAtlantic has offices in Delaware, Maryland, Pennsylvania, Virginia and West Virginia. It is part of the National Farm Credit System, a network of financial cooperatives founded in 1916 to provide a reliable source of credit for farmers and rural America.

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