In conjunction with Bill Lipinski’s retirement as CEO, the Farm Credit East board of directors has created the Lipinski Rural Initiatives Award in honor of Bill’s service to Farm Credit customers and Northeast rural communities.
Farm Credit East, ACA, the Northeast’s largest agricultural lending cooperative, announced its distribution of a record $70 million in cash patronage dividends to more than 11,250 farm, fishing and forestry business owners and operators across Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York and Rhode Island. On average, eligible customers received about a 1.04% reduction in their effective interest rate as a result of this patronage distribution.
The deadline to insure spring crops in the northeast for the 2020 crop year is March 15, 2020. Insurable spring crops include field and vegetable crops such as corn, soybeans, barley, oats, fresh market sweet corn, cabbage, processing beans, processing sweet corn, dry beans, green peas, fresh market beans, tomatoes, tobacco and potatoes.