Inside AgCarolina

Inside AgCarolina - April

Inside AgCarolina is the monthly newsletter for friends of AgCarolina Farm Credit. This month's edition features a COVID-19 update, an article about accessing operating credit, our annual report, and a note from President and CEO Dave Corum.  Read the full edition here. 

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Coronavirus (COVID-19) Update

UPDATED: 4/9/2020

Latest updates from AgCarolina Farm Credit regarding response to the Coronavirus. 

Dear Member:

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Deadline approaching for AgCarolina Farm Credit scholarships

The scholarships deadline is approaching for AgCarolina Farm Credit. 

[Raleigh, NC] – The deadline for submitting applications for AgCarolina Farm Credit’s North Carolina A&T, University of Mount Olive, At-Large, 4-H, FFA, and community college scholarships is March 31, 2020.   

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AgCarolina Farm Credit returns patronage distribution of more than $18 million

AgCarolina returns patronage distribution to membership.

Raleigh, NC — On Thursday, February 20th, members of AgCarolina Farm Credit received patronage refund checks for 2019.

The all-cash patronage was paid in the amount of $18 million for the members of AgCarolina Farm Credit.  The amount is equal to a refund of 31% of the interest that accrued on their loans in 2019. “Your co-op. Your Share.” was the theme of this year’s celebration events, and highlighted the benefits of being members of the cooperative. 

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Innovative Young Farmer Award Presented by Farm Credit Associations of NC

Michelle Pace Davis was selected as the Innovative Young Farmer of the Year. 

RALEIGH, NC – The Farm Credit Associations of NC announce Michelle Pace Davis as the recipient of the 2020 Innovative Farmer of the Year Award presented at The Tobacco Farm Life Museum’s breakfast with the commissioner.

Michelle, her husband, Michael, and parents, Jerry and Deborah, operate Pace Family Farms in Archer Lodge.  The farm produces soybeans, wheat, strawberries, and other fresh vegetables.

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Scholarships available from AgCarolina Farm Credit

A total of 29 scholarships are available from AgCarolina Farm Credit. 

[Raleigh, NC] – Twenty-nine college scholarships are available from AgCarolina Farm Credit and will be awarded in the coming months. 

College scholarships are one component of AgCarolina Farm Credit’s corporate-giving program. Ag loans, special loan programs, educational seminars, grant funds and financial sponsorships to help young and beginning farmers succeed are also provided by the agricultural lender. 

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