Marianna, FL-With over $4 million in patronage distributions in 2020, Farm Credit of Northwest Florida is proud to announce the remaining $824,000 in Nonqualified Allocated Surplus is being distributed in September.
Due to flooding in the Milton area, the Milton Branch office will remain closed through Thursday, September 17. The office is expected to reopen Friday, September 18 at 8:00am CT under COVID-19 operating precautions.
West Florida is expected to experience severe weather and heavy rainfall as Hurricane Sally approaches. Beginning Monday, September 14 at 3:30 pm CT, the Milton, FL branch office will be temporarily closed. The Milton office is expected to reopen Thursday, September 17 at 8:00 am CT under COVID-19 operating precautions. We are committed to continuing to serve you during this time. You can contact us using one of the methods below.
Marianna, FL 24 hours a day and 7 days a week, farmers and producers care for the plants and animals that feed us all. Since the worldwide pandemic began in March, farmers have experienced major supply chain disruptions, loss of market orders and a shift in consumer behaviors. Along with the pandemic, families across the Florida panhandle have also experienced food insecurities.
Marianna-Fla.- Scholarships are among many ways Farm Credit of Northwest Florida invests in the future of agriculture and helps prepare today's youth to become tomorrow's leaders. Over the last five years, Farm Credit of Northwest Florida has awarded $45,000 in financial and educational support to deserving students pursuing careers that promote agriculture. The recipients have strong ambitions and come from a variety of agricultural and rural community backgrounds.
Farm Credit of Northwest Florida is monitoring guidance provided by the state of Florida, and local health agencies in the areas we serve, to continue serving the financing needs of our rural and agricultural communities while keeping our member-borrowers and employees safe.
Farm Credit of Northwest Florida will be hosting a webinar on Friday, May 1, 2020 led by Dr. Kohl.
During this unprecedented time, Farm Credit of Northwest Florida is here for our members and local rural communities. We are now accepting applications for the Small Business Administration (SBA) Paycheck Protection Program (PPP).
The Small Business Administration (SBA) Paycheck Protection Program (PPP) is part of the CARES act, the $2 trillion federal coronavirus response package. PPP loans are designed to provide a direct incentive for small businesses to maintain employment for their employees during these unprecedented times. Previously approved SBA lenders could start submitting applications beginning April 3. Loan applications are being accepted through June 30 and funds will be provided on a first-come, first serve basis.
Marianna, FL (March 25, 2020)-Farm Credit of Northwest Florida will be distributing more than $3.25 Million to customers this week. Since 1988, the association has returned over $91 Million in patronage distributions and this year's cash distribution is especially rewarding for customers due to the challenging economic conditions and market uncertainties they've experienced.