Carolina Farm Credit Now Accepting Applications for Ag Biz Planner Program

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Carolina Farm Credit is now accepting applications for the fourth class of an e-learning financial and business planning course called Carolina Farm Credit is now accepting applications for the fourth class of an e-learning financial and business planning course called Ag Biz Planner. The course is available to North Carolina farm families and is funded through a grant from the North Carolina Tobacco Trust Fund Commission.Ag Biz Planner. The course is available to North Carolina farm families and is funded through a grant from the North Carolina Tobacco Trust Fund Commission.

Carolina Farm Credit
“This is a unique opportunity for a group of farmers to learn and benefit in ways that will certainly improve their family farm operations,” said William Upchurch, Executive Director of the N.C. Tobacco Trust Fund Commission.

Carolina Farm Credit is now accepting applications for the fourth class of an e-learning financial and business planning course called Ag Biz Planner. The course is available to North Carolina farm families and is funded through a grant from the North Carolina Tobacco Trust Fund Commission.

The Ag Biz Planner curriculum includes financial and business planning, budgeting and other money matters essential to a farm’s success. The on-line training will be offered statewide through North Carolina’s three Farm Credit associations (Carolina Farm Credit, AgCarolina Financial, and Cape Fear Farm Credit). The Farm Credit University curriculum includes financial and business planning, budgeting and other money matters essential to a farm’s success.

This program is funded by a $51, 775 grant from the North Carolina Tobacco Trust Fund Commission. The N.C. General Assembly established the commission in 2000 to help tobacco farmers, farm workers and related businesses impacted by the transition out of tobacco farming. The commission’s funding comes from money paid by cigarette manufacturers as a result of the 1998 Master Settlement Agreement.

Farm Credit’s e-learning program targets young, beginning, small, and minority farmers throughout the state. Participants will be assigned a Farm Credit loan officer to serve as a mentor throughout the course. Highlights of the program include modules that cover business and personal financial planning, understanding income statements, cash flow, and the smart use of credit on the farm. Each participant will have completed a business plan for their operation at the conclusion of the class. Priority will be given to former tobacco farmers and others impacted by the Tobacco buyout. The grant provides for training 30 producers.

Carolina Farm Credit is accepting applications for the program which will begin in October of 2012 and run through March 2013. Applications, a course outline, program information, and testimonials from past participants are available at http://www.CarolinaFarmCredit.com. Applications will be accepted through September 1, 2012. The course will conclude with a group conference in Raleigh in March of 2013.

“This is a unique opportunity for a group of farmers to learn and benefit in ways that will certainly improve their family farm operations,” said William Upchurch, Executive Director of the N.C. Tobacco Trust Fund Commission.

Carolina Farm Credit is a stockholder-owned cooperative providing short, intermediate, and long-term 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 service centers. Other financial services available are credit life insurance, crop insurance, appraisal services, leasing programs and financial planning.    

Carolina Farm Credit serves over 8,900 members with loans outstanding totaling more than $1.28 billion. The association’s territory covers the western half of North Carolina, with service centers located in Albemarle, Asheboro, Asheville, Boone, Burnsville, Carthage, Concord, Ellerbe, Graham, Hendersonville, Hillsborough, Jefferson, Lenoir, Lexington, Lincolnton, Marshall, Mocksville, Monroe, Murphy, Newton, Pilot Mountain, Reidsville, Roxboro, Rural Hall, Salisbury, Shelby, Siler City, Sparta, Spindale, Statesville, Taylorsville, Wadesboro, Waynesville, Wilkesboro, Yadkinville, and Yanceyville.

Directors for Carolina Farm Credit are Joseph A. Lail, Chairman, Shelby; Mark A. Bray, Vice-Chairman, Lawsonville; John M. Barnard, Statesville; E. Bernard Beck, Seagrove; W. Rex Bell, Statesville; Herbert R. Cheeks, Hayesville; David M. Coltrane, Pleasant Garden; Susie J. Gambill, Sparta; W. Steve Love, Graham; Bobby J. “Bud” Matthews, East Bend; Clark M. Newlin, Haw River; Thomas E. Porter, Jr., Concord; Tony L. Ragan, Sanford; Lewis E. Smith, Lincolnton; Vickie N. Smitherman, East Bend; L. Kim Starnes, Salisbury; Dr. Alton Thompson, Summerfield.

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Maggie Hamm
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