Four candidates have been elected to the Farm Credit East Board of Directors.
Farm Credit East is pleased to announce the results of the Association Director Election held by mail ballot during the past few weeks. Henry L. Huntington, Daniel J. Corey, Laurie K. Griffen and Peter Call were elected to positions on the Board. Thank you to those who served on the nominating and tellers committees and thank you to all candidates for their participation in the election process. Strong director candidates assure a vibrant and progressive association. We all benefit from the outstanding candidates who ran for election this year. Congratulations to this year's successful candidates!
Webinar on Dairy Farm Financial Report
Farm Credit East will host a webinar: Dairy Update – 2014 Summary Report / 2015 Outlook, for dairy farmers and other interested parties on Monday, May 4, at 11:00 AM. This webinar is free to participate.
As part of the webinar, Farm Credit East will review the results of their 2014 Northeast Dairy Farm Summary and provide a 2015 dairy outlook. While dairy farms on the average had very strong earnings in 2014, farm milk prices have fallen dramatically since the beginning of the year.
Farm Credit East’s Dairy Farm Summary is used extensively throughout the Northeast to help farms benchmark their results and identify areas for potential improvement. This annual report compiles the financial results of hundreds of Northeast dairy farms to provide comparisons and analysis for individual producers to use in their own management.
Register to attend
Farm Credit East Pays $51 Million in Patronage Dividends
Farm Credit East distributed a record $51 million in cash patronage dividends to more than 11,000 farm, fishing and forestry business owners and operators across Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York and Rhode Island.
As owners of their financial cooperative, Farm Credit East’s customers have the opportunity to share in the financial success of the cooperative through patronage dividends. Since the patronage program was first adopted, customer-owners of Farm Credit East (and predecessor cooperatives) have earned $544 million in dividends from ownership of their cooperative. This is the nineteenth consecutive annual patronage payment paid by Farm Credit East.