AgFirst donates $100,000 to American Red Cross in response to Hurricane Michael

Media contact:
Ann-Lamar Tuten
Vice President
Business Support Services
(803) 753-2404 | atuten@agfirst.com

COLUMBIA, SC – AgFirst Farm Credit Bank has donated $100,000 to the American Red Cross in support of Hurricane Michael relief efforts. This contribution is in addition to the $100,000 donation recently made to the Red Cross in support of the Hurricane Florence relief efforts.

AgFirst is part of the Farm Credit System that supports rural communities and agriculture throughout the United States. States suffering damage from Michael – Florida, Georgia, the Carolinas and Virginia – are in the heart of AgFirst’s service territory, which includes the Southeastern and mid-Atlantic regions of the United States and Puerto Rico.

Coming just weeks after Hurricane Florence lumbered through the Southeast, Michael was the first Category 4 hurricane to make landfall on Florida’s Panhandle and the fourth strongest storm to strike the continental United States. The hurricane’s death toll stands at 39, and losses to agriculture and timber are estimated at more than $3.68 billion.

Red Cross teams are in communities within the storm’s path helping residents begin to recover and rebuild. Volunteers are providing emergency shelters, meals and other support, such as connecting families and friends who may have been displaced by the storm. Communication has been difficult across the Florida Panhandle because of damage to power lines, cell towers and phone lines.

“Thousands of people are dealing with the terrible impact of Michael and will be doing so for many months and years to come. At a time when so many are hurting, the AgFirst family stands shoulder-to-shoulder with the Red Cross as it deploys teams to communities hardest hit by the storm,” AgFirst CEO Tim Amerson said.

“We’d also like to encourage people to consider donating blood,” Amerson said. “Hurricanes Florence and Michael forced the cancellation of about 250 blood drives across the Southeast. As we approach the holiday season, it’s now more important than ever to give blood.”

About AgFirst

AgFirst Farm Credit Bank is one of four banks that make up the nationwide Farm Credit System. Farm Credit has supported rural communities and agriculture with reliable, consistent credit and financial services for 100 years. AgFirst is a cooperative providing funding and/or services to 20 Associations in 18 states and Puerto Rico.

New directors elected to AgFirst Farm Credit Bank board

COLUMBIA, SC – AgFirst Farm Credit Bank stockholders have elected two new directors and re-elected a current director to four-year terms. All three will begin their terms on the Board of Directors for the Columbia-based bank Jan. 1, 2019, and will serve until Dec. 31, 2022.

Thomas E. Porter Jr. of Concord, N.C., and Jack W. Bentley Jr. of Tignall, Ga., are newly elected to the board; however, both have served on the board previously. Michael T. “Bo” Stone of Rowland, N.C., was re-elected.

AgFirst is a cooperative that provides funding and technology services to banks that serve farmers and rural communities in the Eastern part of the United States and Puerto Rico.

Thomas E. Porter Jr. grew his business, Porter Farms Inc., from the ground up with the help of Farm Credit. He started with five cows on rented land and now owns and runs a 1,000-acre farm consisting of a 2,200-sow farrow-to-wean hog operation; a poultry operation with four layer houses and four pullet houses; and a 350-head cow/calf backgrounding operation. He and his family recently added an agritourism business, The Farm at Brusharbor LLC. Porter has won numerous farming and environmental awards. He has North Carolina general contractor and plumbing licenses. Porter is a director of Carolina Farm Credit, a board member of the North Carolina Poultry Federation and president of Cabarrus County Farm Bureau.

Jack W. Bentley Jr. has worked as a dairy farmer, beef cattle farmer and timber proprietor in Tignall, Ga., for nearly four decades. He started A&J Dairy after graduating from Clemson University with a bachelor’s degree in ag mechanization and business. His operations now consist of more than 1,100 acres of crops, pastures and timberland, as well as 400 dairy cows and 400 replacement heifers. Bentley has served on Farm Credit boards for more than 30 years. He is a director with AgGeorgia Farm Credit and has served on a wide range of committees. He also completed the Director Leadership Institutes for Banking and is a certified tax assessor. He is vice chairman of the board for the American Dairy Alliance and serves on a range of other agriculture-related boards.

Michael T. “Bo” Stone runs a diverse agricultural operation in Rowland, N.C. His operations, P&S Farms Inc. and Bo Stone Farms LLC, consist of 2,500 acres of row crops, a 70-cow beef herd and six finishing floors finishing 10,000 hogs annually. He also grows strawberries and sweet corn to sell at a roadside stand. He is a director of Cape Fear Farm Credit and the Farm Credit Council and serves several other agricultural organizations. Stone received his bachelor’s degree in ag business management with a minor in animal science and his masters in agriculture from N.C. State University. He has completed several leadership programs. Stone is the national spokesman for the agriculture industry for the U.S. Farmers and Ranchers Alliance and has won numerous agricultural awards, including the Southeastern Ag Expo N.C. Farmer of the Year.

AgFirst has 17 directors who use their experience and expertise to help further the mission of Farm Credit: Supporting rural communities and agriculture with reliable, consistent credit and financial services, today and tomorrow.

About AgFirst

AgFirst Farm Credit Bank is one of four banks that make up the nationwide Farm Credit System and is the largest financial institution headquartered in South Carolina. Farm Credit has supported rural communities and agriculture with reliable, consistent credit and financial services for more than 100 years. AgFirst is a cooperative providing funding and/or services to 20 Associations in 18 states and Puerto Rico.

Jenny Black headshot

New director elected to AgFirst Farm Credit Bank board

COLUMBIA, SC – AgFirst Farm Credit Bank has elected a new director to fill a vacant seat on the board of directors. Jenny R. Black, a citrus grower and owner of an Information Technology consulting company in Lakeland, Fla., will serve the remainder of a term vacated in January. Her term expires Dec. 31, 2019.

AgFirst is a cooperative based in Columbia, S.C., that provides funding and technology services to banks that serve farmers and rural communities in the Eastern part of the United States and Puerto Rico.

Black, a lifelong Florida resident, brings an agricultural background and an expertise in IT to the board. She owns 375 acres of citrus groves, navigating today’s challenges of disease and market pressure with diligence, strategic planning and a commitment to the future. Black is a member of Peace River Packing Company, a family-owned citrus cooperative.

Black and her husband, Norman Larry Black Jr., received the Outstanding Young Farmer and Rancher award from the Florida Farm Bureau in 2009 and went on to become finalists for the national award.

She is on the board for Farm Credit of Central Florida, an AgFirst Association, and serves on the Governance and Compensation committees. She is also on the Polk County Florida 4-H Foundation Board and is a member of the Polk County Farm Bureau and Florida Citrus Mutual.

AgFirst has 17 directors who use their experience and expertise to help further the mission of Farm Credit: Supporting rural communities and agriculture with reliable, consistent credit and financial services, today and tomorrow.

About AgFirst Farm Credit Bank
AgFirst Farm Credit Bank is one of four banks that make up the nationwide Farm Credit System and is the largest financial institution headquartered in South Carolina. Farm Credit has supported rural communities and agriculture with reliable, consistent credit and financial services for more than 100 years. AgFirst is a cooperative providing funding to 19 Associations in 15 states and Puerto Rico and services to 20 Associations in 18 states and Puerto Rico.

Two directors elected to AgFirst Farm Credit Bank board

COLUMBIA, SC – AgFirst Farm Credit Bank has elected two new directors and re-elected two current directors to four-year terms, all of whom will serve on the Board of Directors for the Columbia-based bank until Dec. 31, 2021.

William J. Franklin Jr. of Duffield, Va., and James Alvin Lyons of Georgetown, Ky., are newly elected to the board. S. Alan Marsh of Madison, Ala., and Fred R. Moore Jr. of Eden, Md., were re-elected.

AgFirst is a cooperative that provides funding and technology services to banks that serve farmers and rural communities in the Eastern part of the United States and Puerto Rico.

William J. Franklin Jr. is a lifelong farmer who has been a Farm Credit customer since 1986. He also worked for Farm Credit in southwest Virginia for 11 years and served on the board of Farm Credit of the Virginias for more than two decades. He runs a 900-acre cow/calf operation in Duffield, Va., and earned a bachelor’s degree in agricultural education from Virginia Tech. He has served a wide variety of community and professional organizations and spent the past 22 years as CEO of the Scott County Telephone Cooperative.

James Alvin Lyons started his farming operation when he was in high school, growing a few acres of burley tobacco on rented land in Kentucky. Today, he grows a variety of crops over 1,000 acres with his son and runs a 180-head cow/calf herd. Lyons has served in leadership positions for a variety of agriculture organizations throughout Kentucky and has served on the board of Central Kentucky AgCredit since 2001. He has been a Farm Credit customer since the 1980s. Through the University of Kentucky, he has completed the Ag Leadership Development and Master Cattlemen programs.

S. Alan Marsh is a third-generation row crop farmer in Madison, Ala. He is a partner in Marsh Farms and serves on the First South Farm Credit board. Marsh has served on the AgFirst board since 2010. He received a Business Management Certification from Stratford Career Institute and has attended numerous learning events to expand his knowledge in areas from director training and marketing to irrigation and farm safety. Marsh serves on a variety of industry groups and is president and stockholder of South Limestone Co-op Gin.

Fred R. Moore Jr. operates a turf and grain operation in Eden, Md., and became an AgFirst director in 2014. He is also a partner in a rental business and serves on his local Farm Credit Association in Maryland. Moore has a Bachelor of Science degree from the University of Maryland Eastern Shore. He is an active life member of the Allen Volunteer Fire Company, serves on several local boards and is a member of the FFA Alumni Association.

AgFirst has 17 directors who use their experience and expertise to help further the mission of Farm Credit: Supporting rural communities and agriculture with reliable, consistent credit and financial services, today and tomorrow.

About AgFirst Farm Credit Bank
AgFirst Farm Credit Bank is one of four banks that make up the nationwide Farm Credit System and is the largest financial institution headquartered in South Carolina. Farm Credit has supported rural communities and agriculture with reliable, consistent credit and financial services for more than 100 years. AgFirst is a cooperative providing funding to 19 Associations in 15 states and Puerto Rico and services to 20 Associations in 18 states and Puerto Rico.

Langford resigns from AgFirst board

AgFirst Farm Credit Bank Board Chairman John Langford has announced his resignation from the Board effective Friday, January 5.
 
Vice Chairman Curtis Hancock will immediately assume the role of chairman. Announcements regarding the process to fill the seat formerly held by Mr. Langford will be made in accordance with AgFirst’s bylaws after consultation with the Board.
 
Langford is a citrus grower and Realtor in Lakeland, Fla. He had served on the AgFirst board since 2012, and his current term was set to expire in December 2019.
 
“We were fortunate to benefit from John’s expertise and insight over the past six years,” AgFirst President and CEO Tim Amerson said. “We thank him for his dedicated service and wish him the best.”
 
Hancock, the incoming chairman, is a row crop farmer from Fulton, Ky. He earned a Bachelor of Science in agriculture from the University of Tennessee-Martin and a Master of Science in ag economics from the University of Tennessee. He has been a director on the AgFirst board since 2013. Hancock’s term is set to expire in December 2020.
 
“Our board will continue to be in good hands,” Amerson said. “Curtis is an experienced and knowledgeable farmer with leadership experience in a variety of trade organizations, as well as the national Farm Credit Council.”

AgFirst hires two senior executives

COLUMBIA, SC – AgFirst Farm Credit Bank in Columbia has hired two new senior officers, Will Brown and Sam Esfahani.

Brown is the bank's new chief credit officer. He previously worked at First Citizens Bank & Trust of North Carolina, where he was involved in the integration of the wholesale functions between First Citizens' North Carolina and South Carolina operations during their recent merger. Prior to the merger, Brown was the chief credit officer and executive vice president for First Citizens Bank of South Carolina. Brown replaces Chris Jones, who will retire in September.

Esfahani has been hired as AgFirst's chief information officer. He most recently served as a technology consultant to Danske Bank in Copenhagen, Denmark. Previously, Esfahani was chief information officer for PSCU, a St. Petersburg, Fla., organization that provides traditional and online financial services to credit unions throughout the United States. He replaces Ben Blakewood, who will retire later this year.

"Will and Sam were selected after an intense nationwide search with a top-tier executive recruitment firm," CEO Tim Amerson said. "We are pleased to welcome these talented and experienced professionals to AgFirst."

About AgFirst

AgFirst Farm Credit Bank is one of four banks that make up the nationwide Farm Credit System. Farm Credit has supported rural communities and agriculture with reliable, consistent credit and financial services for more than 100 years. AgFirst is a cooperative providing funding to 19 Associations in 15 states and Puerto Rico and services to 20 Associations in 18 states and Puerto Rico.

AgFirst announces retirements, restructures management team

COLUMBIA, SC – AgFirst Farm Credit Bank is restructuring its management team as two of its senior vice presidents prepare to retire.

Benjamin F. Blakewood, chief information officer, and Christopher L. Jones, chief credit officer – who, along with three others and an ex-officio member, make up the bank’s Executive Committee – will retire from AgFirst on Dec. 31. The Columbia-based bank, which is part of the nationwide Farm Credit System, is currently conducting a formal search for their replacements.

In response, AgFirst CEO Tim Amerson on Tuesday announced several promotions and a new Senior Management Committee that will change the bank’s management structure.

“Long-term success depends on our organization’s ability to adapt to changing circumstances,” Amerson said. “These organizational changes allow us to fully engage our highly talented pool of employees for optimal success now and in the future.”

Changes as of April 1 include:

  • Charl L. Butler, currently senior vice president and chief financial officer, will become executive vice president and chief operating officer. Stephen Gilbert, who currently serves as a vice president and controller, will take Butler’s place as a senior vice president and chief financial officer.
  • Isvara M.A. Wilson, currently senior vice president and general counsel, will become executive vice president and chief administrative officer. Frances Griggs, who is currently a vice president and assistant general counsel, will become a senior vice president and general counsel.
  • Amerson, Butler and Wilson – along with ex-officio member Dan LaFreniere – will remain as the only members of the bank’s Executive Committee. Blakewood and Jones will continue to serve on the committee until their retirements.
  • A new Senior Management Committee will be formed that will consist of the members of the Executive Committee, as well as the chief financial officer, general counsel, chief information officer, chief credit officer and other leaders responsible for key bank functions.

Amerson wished Blakewood and Jones the best in their retirement.

“Ben and Chris have been an invaluable part of the AgFirst management team. Replacing them will be a formidable challenge,” Amerson said. “We all wish them a happy and peaceful retirement.

“Meanwhile, we believe the changes we are making now will allow AgFirst to continue to thrive.”

Farm Credit, AgFirst celebrate 100 years of service to farming, rural America

COLUMBIA, SC – The Farm Credit System is celebrating 100 years of service to agriculture and rural communities this month. As one of four funding banks in the nationwide system, AgFirst Farm Credit Bank in Columbia has played a vital role in Farm Credit’s past and will be a key player in leading the system into the future.

Farm Credit was formed when President Woodrow Wilson signed the federal Farm Loan Act into law July 17, 1916. Not long after, AgFirst’s predecessor, the Federal Land Bank of Columbia, opened in a new building at 1401 Hampton St., where it stayed for the next 90 years. AgFirst moved into the Bank of America building on Main Street two years ago.

From its modern offices on Main Street, AgFirst provides funding and services to 19 affiliates – referred to as Associations – serving the credit needs of eligible borrowers in 15 Eastern states and Puerto Rico. Two of those Associations – ArborOne Farm Credit, based in Florence, and AgSouth Farm Credit, based in Statesboro, Ga. – provide lending and other financial services to rural homeowners, farmers and agribusinesses in South Carolina.

“AgFirst and all 19 of our affiliated Associations are committed to improving rural America – from the homebuyer purchasing a dream home in the country to the family farmer to the agribusiness,” said Tim Amerson, president and CEO of AgFirst. “We help keep the wheels of agriculture turning by providing capital to farmers and the rural communities on which they depend.”

Over the past 100 years, Farm Credit has helped agriculture weather wars, economic downturns and farming crises. “Through our hard work and adaptability, we have continued to fulfill the mission of making sure there is a consistent source of credit available to agriculture, which in turn underpins a stable, safe and affordable supply of food to feed our nation and the world,” Amerson said. “And we are well positioned to continue fulfilling this vital mission as we head into the next 100 years.”

Cletus Horne

Former Columbia Federal Land Bank president, Horne, dies

COLUMBIA, SC – Cletus Wesley Smith “Clete” Horne, former president of the Federal Land Bank of Columbia and the Federal Intermediate Credit Bank of Columbia, died Friday. He was 91. Horne, who lived in West Columbia, served as president from 1978 until his retirement in 1985. The organizations later merged to become AgFirst Farm Credit Bank, which is based in Columbia.

Horne also was a former member and director of the Columbia Rotary Club. Previously having served as a corporate attorney for Farm Credit, he was a member of the American Bar Association, the S.C. Bar Association and Richland and Lexington Bar Association. His civic affairs included serving a term as director of United Way of the Midlands and as a volunteer worker with the Sister Care organization for which he also did pro bono work.

“AgFirst is saddened by the passing of Mr. Horne,” AgFirst President and CEO Tim Amerson said. “He was an asset to Farm Credit and to the Columbia community.”

Horne was predeceased by his wife, Bonnie Cleo Horne. He is survived by four children, six grandchildren and six great-grandchildren.

William Robinson

AgFirst Farm Credit Bank announces results of 2015 Director elections

COLUMBIA, SC – AgFirst Farm Credit Bank has elected William Robinson of St. Matthews, S.C., as its newest Director. He will serve a four-year term, which will expire Dec. 31, 2019.

Directors John Langford of Lakeland, Fla.; Jimmy Norsworthy of Jackson, La.; Ellis Taylor of Roanoke Rapids, N.C.; and Dale Hershey of Manheim, Penn., all were re-elected to the Board for four-year terms. Katherine Pace was re-appointed as an outside director for a four-year term. All of these terms expire on Dec. 31, 2019.

William Robinson

Robinson is a professional engineer in Lexington, S.C., and a third-generation farmer. He has owned and operated Robinson Family Farms, which consists of 40 acres of row crops and 200 acres of timber, for nearly a quarter of a century. He is also involved in a partnership that leases a 100-acre cow and calf farm with 50 head of cattle, as well as 10 acres of coastal Bermuda hay. Robinson retired earlier this year from Santee Cooper, South Carolina’s publicly owned utility. A director with AgSouth Farm Credit since 2011, he currently serves as vice chairman of the Board for that AgFirst Association. He also is a member of the AgFirst Benefits Plan Sponsor Committee and the AgFirst/FCBT Benefits Plan Sponsor Committee. Robinson received both his B.S. and M.S. in civil engineering from Clemson University. He also earned an MBA from Charleston Southern University.

John Langford

Langford started his citrus growing operations in Lakeland, Fla., from scratch, building it up to 150 employees and more than $10 million in sales. He developed 450 acres of citrus prior to citrus greening and operated as a commercial farming contractor for 2,650 additional acres. He also serves as a real estate broker and is a founding director of Community Southern Bank in Lakeland, where he is chairman of the board. Langford is vice chairman of the AgFirst Board. He serves as a director on the Farm Credit of Central Florida Association Board and as a member of the Farm Credit System Audit Committee. Langford received his B.A. in history and accounting from Emory University and his MBA from Harvard Business School.

Jimmy Norsworthy

Norsworthy runs a 145-head cow-calf operation in Jackson, La. He also farms a combined 275 acres of commercial hay and 500 acres of hardwood timber. Norsworthy served for nearly 30 years as the mayor of Jackson and was the administrative director for the state of Louisiana. He is a director on the First South Association Board, serves on the board of the Feliciana Farm Bureau and is a member of the Feliciana Forestry Association, the Feliciana Farmers Coop, the American Angus Association and the East Feliciana Cattlemen’s Association. Norsworthy earned a B.S. in vocational agricultural education from Louisiana State University.

Ellis Taylor

Taylor is the owner-operator of Mush Island Farms LLC, a row crop operation in Roanoke Rapids, N.C., and a management team member of Roanoke Cotton Co. LLC, which operates three cotton gins and a cotton bale warehouse. He is chairman of the AgFirst Audit Committee; serves on the AgCarolina Farm Credit Governance Committee as vice chairman, Credit Committee and Corporate Giving Fund; and is a member of the N.C. Farm Bureau, N.C. Peanut Growers Association, Northampton County FSA Committee and Northampton County Voluntary Agricultural District. Taylor received a B.S. in Agronomy, a B.S. in agricultural business management and a Master’s of Economics from N.C. State University.

Dale Hershey

Hershey has been a self-employed farmer since 1981 and is the senior partner in Hershey Brothers Dairy Farm in Manheim, Penn., managing the real estate and cropping enterprises. A fifth-generation farmer, he is a member of the Lancaster County Blue Ribbon Ag Advisory Committee appointed by county commissioners, a member of the Penn Township Ag Security Committee and a member of the Pennsylvania Farm Bureau. He serves as a director on the MidAtlantic Association Board and the National Farm Credit Council Board. Hershey attended Eastern Mennonite University and graduated from Penn State University with a B.S. in community development and an M.S. in agricultural economics and rural sociology.

Katherine Pace

Pace is a certified public accountant in Orlando, Fla., and principal of Family Business Consulting LLC, which provides financial and strategic planning for closely held businesses. Prior to forming her company, she was a tax partner with KPMG LLP, an audit, tax and advisory service firm, from 1985-2005. Pace is a member of the American Institute of Certified Public Accountants, the Florida Institute of Certified Public Accountants and current and past member and director of numerous trade and charitable organizations. She is the Board-designated financial expert and serves as a member of the Board Audit Committee. Ms. Pace obtained her B.S. degree in accounting from Furman University.

Other members of the AgFirst Board are: Jack W. Bentley Jr., Tignall, Ga.; James C. Carter Jr., McDonough, Ga.; Bonnie V. Hancock, Wake Forest, N.C.; Curtis R. Hancock Jr., Fulton, Ky.; Walter C. Hopkins Sr., Lewes, Del.; William K. Jackson, New Salem, Penn.; S. Jerry Layman, Kenton, Ohio; S. Alan Marsh, Madison, Ala.; James L. May, Waynesburg, Ky.; Fred R. Moore Jr., Eden, Md.; Thomas E. Porter, Concord, N.C.; Robert G. Sexton, Vero Beach, Fla.; Robert H. Spiers Jr., Dinwiddie County, Va.; and Michael T. Stone, Rowland, N.C.

Tim Amerson presenting check

Farm Credit donates $100,000 to United Way flood relief

COLUMBIA, SC – The Farm Credit System has donated $100,000 to the United Way of the Midlands’ Flood Disaster Relief Fund to help South Carolina residents affected by catastrophic flooding.

AgFirst Farm Credit Bank, headquartered in Columbia, donated $25,000 to the recovery effort. Its sister banks, Farm Credit Bank of Texas, CoBank and AgriBank, each also donated $25,000.

“Our neighbors and even some of our own employees have been deeply affected by this devastating event,” said Tim Amerson, president and CEO of AgFirst. “We wanted to find a way to help this community that is so near to our hearts move forward as recovery begins. We know the United Way will be able to maximize this donation to provide help where it is needed most.”

Farm Credit supports rural communities and agriculture with reliable, consistent credit and financial services. The three other Farm Credit banks throughout the United States each came forward to unite with AgFirst during this time of crisis.

“They did not hesitate to step up and provide relief funding to help this hurting community begin to heal,” Amerson said. “We are proud to be part of a System that is so willing to stand with our community during this time of need.”

As of mid-October, the United Way of the Midlands had raised about $600,000 for flood relief efforts, including the contribution from Farm Credit, President and CEO Mac Bennett said. The money will allow the agency to focus on extending long-term relief to families who are in danger of becoming homeless as they try to deal with the unexpected expenses and possibly lost income due to the natural disaster.

“Our focus will be on financial stability longer term,” Bennett said.