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Farm Credit of the Virginias Awards $100,000 in Grants through Charitable Contributions Fund

Farm Credit of the Virginias (FCV), a lending cooperative that serves Virginia, West Virginia and western Maryland, announced the association would award $100,000 in grants to eligible charitable organizations through the newly established Farm Credit of the Virginias’ Charitable Contributions Fund. The following organizations were awarded funding to support their efforts and expenses:

Farm Credit of the Virginias’ Charitable Contributions Fund was established in 2022 as a means for the association to engage with and build stronger partnerships with organizations that preserve and promote farmers and families in the rural communities they serve. The new program offers two sizes of grant opportunities which eligible organizations were encouraged to apply for based on need and scope of project. Applications were accepted for grants to fund smaller projects under $5,000 and larger initiatives under $25,000.

Funding opportunities were considered for charitable organizations and projects that are located within the association's 96-county territory or that serve communities where Farm Credit of the Virginias conducts business. Non-profit groups and organizations were eligible to apply, however individuals and private farms were not considered. Grant applications for the first funding cycle were accepted August 1, 2022 through September 15, 2022, in which 71 total applications were received and reviewed.

Don Reese, Chairperson of the Farm Credit of the Virginias' Board of Directors, said, "As a cooperative, one principle that guides our decision making is concern for our community. While our primary focus is the needs of our customer-owners, the association also seeks to make a positive impact in the rural communities we serve. The Charitable Contributions Fund allows us to do just that. The board is pleased with the community support and engagement we have already received from this program and we look forward to seeing each project come to fruition."

Brad Cornelius, Farm Credit of the Virginias’ CEO, said, “Farm Credit of the Virginias has a long-standing commitment to supporting organizations in agriculture and our communities through contributions to grow and support the industry and our rural communities. The Charitable Contributions Fund provides us an opportunity to build upon that commitment and provide support to even more organizations and projects that meet this mission. We look forward to seeing the longstanding impact these funds will make in our rural communities through the projects and initiatives they support.”

Applications for the next round of funding through the Farm Credit of the Virginias’ Charitable Contributions Fund will be available in spring 2023. Applicants are encouraged to visit our website and follow our social media channels for timely updates related to the Charitable Contributions Fund. Learn more about the program on our website: https://www.farmcreditofvirginias.com/charitable-contributions-fund

About Farm Credit of the Virginias

Farm Credit of the Virginias provides over $2 billion dollars in financing to more than 11,000 farmers, agribusinesses and rural homeowners throughout Virginia, West Virginia and western Maryland. Farm Credit is a cooperative capitalized largely through investments made by farmers, ranchers and the rural homeowners and businesses that borrow from them. In fact, as part of a nationwide network they are the largest single provider of agricultural credit in the United States and have been for over 100 years.  Farm Credit helps maintain and improve the quality of life in rural America and on the farm through its constant commitment to competitive lending, expert financial services and for facilitating and sharing knowledge and resources through the Farm Credit Knowledge Center. For more information, visit www.FarmCreditofVirginias.com.

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