Release date: 8/10/2015
STATESVILLE, NC – The Farm Credit Associations of North Carolina are proud to announce their new partnership with North Carolina State University’s College of Agriculture and Life Sciences. Collectively, North Carolina’s Farm Credit organizations – AgCarolina Farm Credit, Cape Fear Farm Credit and Carolina Farm Credit – have pledged $250,000 in support of the North Carolina Plant Sciences Initiative.
NC State University’s College of Agriculture and Life Sciences has embarked on an ambitious initiative to address directly the challenge of feeding the growing world population, while creating jobs and growing North Carolina’s economy. The initiative calls for collaborative thinking from the best minds in industry, academia, government and the nonprofit sector as well as collaborative action from the leading organizations in each sector. It also calls for cross-disciplinary thinking, world-class facilities and significant public and private investment that is expected to yield a powerful return for investors and society.
“By contributing to the Plant Sciences Initiative, the Farm Credit Associations of NC are demonstrating their confidence in and support of agriculture in North Carolina,” said Vance Dalton, Carolina Farm Credit CEO. “This initiative stands to cement North Carolina as a global hub for advanced plant sciences.”
The ultimate goal of the initiative will be to increase agricultural yields and provide a major economic impact for North Carolina in the form of increased national and global prominence as a center of agricultural production. A major component of the Plant Sciences Initiative will be the construction of a state-of-the-art Plant Sciences Research Complex on NC State’s Centennial Campus. Including the recent commitment from North Carolina’s farm credit institutions, nearly $8.5 million has been raised in support of the project.
Dr. Richard Linton, Dean of the College of Agriculture and Life Sciences said, “The new Plant Sciences Research Complex will serve to build upon and reinforce North Carolina’s strong momentum in life sciences and biotechnology development, while at the same time developing innovations and technologies that will enhance the economic success of North Carolina’s farms and the value-added industry chain that depends on high-productivity agriculture.”
Carolina Farm Credit is a stockholder-owned cooperative providing financing to full and part-time farmers and agricultural-related businesses and also provides financing for the construction and purchase of homes in 54 counties through 36 branch offices. Other financial services available are credit life insurance, crop insurance, appraisal services, leasing programs and financial planning.
Carolina Farm Credit serves over 9,200 members with loans outstanding totaling more than $1.4 billion. The association’s territory covers the western half of North Carolina, with branch offices located in Albemarle, Asheboro, Asheville, Boone, Browns Summit, Burnsville, Carthage, Concord, Conover, Ellerbe, Graham, Hendersonville, Hillsborough, Jefferson, Lenoir, Lexington, Lincolnton, Marshall, Mocksville, Monroe, Murphy, Pilot Mountain, Roxboro, Rural Hall, Salisbury, Shelby, Siler City, Sparta, Spindale, Statesville, Taylorsville, Wadesboro, Waynesville, Wilkesboro, Yadkinville, and Yanceyville.
Carolina Farm Credit was recognized as a 2015 Best Employer in North Carolina. The list of the Best Employers in North Carolina was created by Business North Carolina, the Society for Human Resource Management (SHRM) – NC State Council and Best Companies Group.
Directors for Carolina Farm Credit are Mark A. Bray, Chairman, Lawsonville; L. Kim Starnes, Vice-Chairman, Salisbury; John M. Barnard, Statesville; E. Bernard Beck, Seagrove; W. Rex Bell, Statesville; David M. Coltrane, Pleasant Garden; Susie J. Gambill, Sparta; Joseph A. Lail, Shelby; Clark M. Newlin, Haw River; Thomas E. Porter, Jr., Concord; Tony L. Ragan, Sanford; D. Kaleb Rathbone, Waynesville; Lewis E. Smith, Lincolnton; Vickie N. Smitherman, East Bend; Dr. Alton Thompson, Summerfield.
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