Tom Reed celebrated the 100th Anniversary of the Farm Credit System by sponsoring a resolution commemorating the program, which helps local farmers and rural businesses get access to the financing they need to operate. “We care about helping farmers throughout our region. Farming is the cornerstone of our regional economy. We must ensure our family farmers have access to the resources they need to create jobs. It’s only right that we stand with them and help them succeed,” said Reed.
The resolution commends cooperative owners and the employees of the Farm Credit System for their continuing service in meeting the credit and financial-services needs of rural communities and agriculture.
“We appreciate Congressman Reed’s support in co-sponsoring House Resolution 591, recognizing the 100th anniversary of Farm Credit and his on-going commitment to work with Farm Credit East and other agricultural organizations in support of New York farmers and rural communities,” said Skip Hardie, dairy farmer from Lansing, NY and member of the Farm Credit East Board of Directors.
“The introduction of this bill will allow New York’s dairy farmers to continue to proactively invest in environmental stewardship. Investments in nutrient recovery technologies and biogas systems on the farm are very capital intensive. This tax credit would enhance the ability of dairy farmers to shift manure from a liability to an asset,” said Dan Wolf of Maple Lawn Farms, Inc. in Lyons, NY, President and Chairman of Upstate Niagara Cooperative, Inc.
The Farm Credit System is a financial cooperative that is owned by its customers and borrowers. They have nearly 74 independently owned and operated organizations, which provide $217 billion in loans, leases and financial services to farmers, ranchers and rural business across the United States. The funding is about one-third of the total credit needed by those who work in rural areas.
