“A Joint Contribution by Farm Credit East and CoBank to Improve Beginning Farmers’ Ability to Access Farm Land in New England.”
ENFIELD, Conn. — The Northeast’s two largest agricultural lenders, Farm Credit East and CoBank, announced today that they have committed a joint contribution of $10,000 to Land for Good in New England. Farm Credit East provided $5,000 towards this program and CoBank matched this donation through their Sharing Success Program.
“We at Land For Good are extremely grateful for this support from Farm Credit East and CoBank and are excited about expanding our work and partnerships,” said Kathy Ruhf, Land For Good executive director. “The donation will be used to support educational programming for farm seekers to acquire land and for retiring farmers around succession planning. We will also leverage these funds to hold a national conference on farmland access, tenure and transfer in 2016. These issues are now widely acknowledged as key challenges for new and established farmers. Practitioners and policymakers are eager to learn about program and policy responses.” For more information on Land For Good’s efforts and programs, visit LandForGood.org.
Land For Good is working to improve beginning farmers’ ability to access farm land. Their project will address a significant limiting factor for the future of agriculture in New England.
“Farm Credit East is pleased to provide support to Land For Good. While there is interest in addressing opportunities for local food production, the ability of potential start-up farm operations to access the necessary land resource can be a major problem,” said Bill Lipinski, Farm Credit East CEO.
“Our Sharing Success program is rooted in longstanding cooperative principles, including concern for community and cooperation among cooperatives,” said Robert B. Engel, CoBank’s CEO. “We’re delighted to be partnering with so many of our customers, including Farm Credit East, to support a wide variety of worthy causes across rural America.”
Farm Credit East extends more than $5 billion in loans and has 21 local offices in its seven-state service area. In addition to loans and leases, the organization also offers a full range of agriculturally specific financial services for businesses related to farming, horticulture, forestry and commercial fishing. Farm Credit East is governed by an 18-person board of directors. For more information, go to FarmCreditEast.com.
CoBank is a $101 billion cooperative bank serving vital industries across rural America. The bank provides loans, leases, export financing and other financial services to agribusinesses and rural power, water and communications providers in all 50 states. The bank also provides wholesale loans and other financial services to affiliated Farm Credit associations serving more than 70,000 farmers, ranchers and other rural borrowers in 23 states around the country. For more information about CoBank, visit the bank’s web site at www.cobank.com.
Land For Good is a 501(c)(3) charitable organization, headquartered in Keene, NH, that serves all six New England states. Established in 2004, Land For Good provides caring support and expert guidance to help farmers, landowners and communities navigate the complex challenges of land access, tenure and transfer. For more information, go to LandForGood.org.
Reprinted with permission from Farm Credit East.