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New Jersey Farmers Against Hunger Receives $10,000 Donation from Farm Credit

January 25, 2016

Joint Contribution from Farm Credit East and CoBank will support purchase of new truck

Farm Credit East and CoBank announced today that they have made a joint contribution of $10,000 to Farmers Against Hunger, a program of the New Jersey Agricultural Society. Farm Credit East provided $5,000 towards this program and CoBank matched this donation, dollar-for-dollar, through their Sharing Success Program.

The funds will be used toward the purchase of a new truck which will deliver surplus produce to six regional food banks and food distribution sites across New Jersey. Over 50 farms donate or allow volunteers to harvest surplus production along with several wholesale produce donors and grocery stores.

“We greatly appreciate the financial support from Farm Credit East and CoBank,” said Kristina Guttadora, New Jersey Agricultural Society executive director. “Transportation has always been the missing link. Prior to Farmers Against Hunger’s founding in 1996, farmers didn’t have a good way to get their surplus produce to those who need it. Along with our dedicated volunteers, logistics are a key to our success.”

“I am very pleased that Farm Credit East and CoBank have made this joint contribution to Farmers Against Hunger,” said Michael Brooks, an owner of Dusty Lane Farms in Elmer, NJ, and a Farm Credit East director. “As a farmer participating in this program, I know that it provides a great means to distribute surplus New Jersey food products to the food banks and people who need it.”

“CoBank welcomes the opportunity to join Farm Credit East in this important contribution,” said Amy Gales, executive vice president, Regional Agribusiness. “This is just the type of effort that Sharing Success was intended to support, reflecting the bank’s goal of partnering with our customers to give back to people and communities in need across rural America.”

“Farm Credit East congratulates the New Jersey Agricultural Society as it celebrates the 20th anniversary of Farmers Against Hunger,” said Mike Reynolds, Farm Credit East executive vice president. “With over 1,500 Farm Credit East customer owners in the state, we’re pleased to be able to help connect New Jersey producers with those who are less fortunate.”

Farm Credit East is the largest lender to agriculture in the Northeast and specializes in serving agriculture, commercial fishing and forest products. CoBank, a cooperative bank serving vital industries across rural America, provides financing to agribusiness and rural power, water and communications providers in all 50 states. It also serves as Farm Credit East’s wholesale funding bank. Both are members of the Farm Credit System, a nationwide network of banks and associations specifically chartered to provide dependable credit to agriculture and the U.S. rural economy.

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For more information:
Contact: Kristie Schmitt
Telephone: 860.741.4380
Email: Kristie.Schmitt@FarmCreditEast.com

Farm Credit East extends more than $5.8 billion in loans to 13,700 farmers, forest product producers and commercial fisherman 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, click here.

CoBank is a $110 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 farmers, ranchers and other rural borrowers in 23 states around the country. For more information about CoBank, visit the bank's website at www.cobank.com.

Farmers Against Hunger (FAH) was started in 1996 by the New Jersey Agricultural Society as a way to enable farmers throughout New Jersey to contribute their extra produce to those in need. For more information, visit their website at http://www.njagsociety.org/farmers-against-hunger.html