This Veteran’s Day, Farm Credit East joins all Americans in honoring those who have served our country in the military. Interestingly, there’s a unique connection between rural communities and our nation’s military. Rural residents are heavily represented in the military, so it’s not surprising that about 30 percent of veterans return to live in rural areas. Many of these returning veterans are taking on roles in agriculture-related fields.
Some veterans are starting their own farm ventures, while others are joining existing operations. It takes a unique skillset to start and operate an agricultural business. Fortunately, the skills developed by the men and women who have served in the U.S. military, such as strong self-discipline, are well suited for careers in agriculture.
Farm Credit East is proud to support programs that assist these veterans interested in agricultural careers. Veterans are eligible for the same incentives Farm Credit East provides to young, beginning and small farmers, which can help pay for Farm Credit East’s services like tax preparation or business consulting, or for USDA loan guarantee fees.
Nationally, the Farm Credit System is a supporter of the Farmer Veteran Coalition (FVC), which now has 8,000 members nationwide. The FVC facilitates education and training for returning veterans interested in farming, and has provided more than $1.2 million in financial assistance through its Farmer Veteran Fellowship Fund. The FVC also manages the Homegrown by Heroes label which informs consumers that agricultural products bearing the logo were produced by U.S. military veterans.
This Veteran’s Day, make sure you thank a veteran for their sacrifice and their contributions to our nation.