Farm Credit East will host a webinar to discuss 2018 Northeast dairy farm results and the current dairy situation. Dairy farmers and other interested parties are invited to participate in this free webinar on Friday, May 3, at 12:00 noon.
The 2019 director candidates were formally introduced at Farm Credit East’s Annual Meeting in March, and following, voting stockholders were mailed their ballots to vote in the 2019 Director Elections. In 2019, there are seven candidates running for the four open director seats on the Farm Credit East Board.
Farm Credit East reported solid 2018 financial results today, showing continued growth in loans coupled with strong earnings, which allowed for record patronage dividends of $65 million paid to eligible customer-owners in February. Farm Credit East’s 2018 earnings also allowed for an additional one-time special patronage of $15 million paid in October 2018.
Farm Credit East, a farmer-owned cooperative, recently released its 2019 industry outlook report. This report addresses market outlooks for multiple industries, including dairy, grain, vegetables, apples, greenhouse and nursery, lobster, and forest products. It also includes articles on crop insurance and business management.