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Supporting the Future of Rural America

If you want to feel good about today’s youth, attend your local junior livestock show. Stock show season will soon be here, and there is no better time or place to see rural America’s future leaders in action. While developing an appreciation for agriculture, these young people gain self- confidence and learn about sacrifice, perseverance and responsibility — the building blocks of character — as they invest physical work and time in their animals. Capital Farm Credit is proud to support rural youth. You’ll see us at the stock shows this winter, cheering on our young neighbors, purchasing animal projects and presenting awards. Earlier this year, Capital Farm Credit presented thousands of dollars in scholarships to many college- bound students, and we intend to do the same next year. Capital Farm Credit also teamed up with the Livestock Show, sponsoring the Junior Commercial Steer Show, providing computer equipment, software and support to enable electronic registration and check-in for livestock entries. We are also proud to sponsor the Commercial Steer Show and Public Speaking Contest at the Livestock Show and Rodeo. In addition, we partnered with State 4-H Roundup this year, reaching more than 4,000 students competing for prizes and scholarships. That partnership also provided us the opportunity to sponsor the state 4-H horse show and shooting contest. We not only believe in our youth but also in the next generation of agricultural producers. We hosted three Next Generation Agricultural Conferences this year, providing resources to hundreds of attendees to help them run their farming and ranching operations effectively and efficiently. More than 62 percent of U.S. farmers are age 55 or older. As these producers retire, new farmers and ranchers will be needed to take their place. At Capital Farm Credit, we are pleased to partner with FFA, 4-H, commodity groups and agribusiness organizations to help develop the next generation of farmers and ranchers — a generation with the leadership skills, technical ability, business knowledge and strong work ethic that are characteristic of those who work in agriculture. Remember that the next time you see a youngster leading a steer around the show ring at your county fair. It’s not just about the steer — it’s about young people and the future of agriculture. Sincerely,

Ben R. Novosad Chief Executive Officer

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ASSOCIATION SUPPLEMENT – WINTER 2014 The Faith of a Mustard Seed From Humble Beginnings Comes a Powerful Message of Hope

Originally intended to be a fundraiser Event speakers included: • Colt McCoy, former Jim Ned High for a Hamlin ISD school bus, the recent • Willie Franklin, former University School quarterback, former University of “PlayMaker” event at Abilene’s Moody of Oklahoma wide receiver, former Texas quarterback and current player for Coliseum took on a life of its own. With the Baltimore Colts receiver and current the Washington Redskins, who presented theme of “Making a Difference,” the event evangelist via video from Washington, D.C. welcomed more than 20 speakers, from pro • Sam Harrell, former assistant for the Byerly and his team at the Hamlin Boys athletes to local coaches, and engaged both Brownwood Lions and current offensive Club intend to continue sharing the moti- young and old in a discussion of hope, fam- coordinator at Fort Worth Christian vational message in future years, and hope ily and faith. School. He is the father of former Texas to grow the event beyond their expectations. The seed for PlayMaker was planted last fall Tech University and NFL quarterback Some university athletic directors have at the Hamlin Boys Club. Club leader and Graham Harrell. pledged to bring staff and athletes alike for event organizer Dan • Case Keenum, former Abilene Wylie the next event. Byerly — branch and “You never High School quarterback and former For more information about PlayMaker, contact relationship manager in University of Houston and Houston Dan Byerly at [email protected] understand Capital Farm Credit’s Texans quarterback, who now plays for or (325) 773-3644, or visit the event’s website at the impact Stamford office — said the St. Louis Rams. He is the son of Steve www.playmakerdifference.com. you have on the idea evolved from a Keenum, Big Country Fellowship of people.” simple fundraiser to an Christian Athletes multi-area director. The next PlayMaker is scheduled for Feb. 21, 2015. – Bryan Hodnett, overarching moti- head football vational event coach at Jacksboro because, during High School the planning process, the Main Street Goes to Wall Street: Capital Farm Credit boys expressed the desire to help Participates in Farm Credit Leadership Program teach schoolmates and friends about character, honor and integrity. In the Farm Credit System, the funds we lend to farmers foundation for our success as and ranchers follow a unique path. This past summer, a cooperative.”

From its original focus on participants in the Farm Credit Association Leaders youth and those who work with Smith said he was fortu- Program were able to meet some of the bond dealers, youth, PlayMaker progressed to nate to meet with Sen. financial experts and policymakers responsible for the an event that had a much larger John Cornyn and Rep. Mike dependable flow of funds from Wall Street to farms and impact, as indicated by testimony Conaway and agricultural ranches served by Capital Farm Credit. from adult attendees dealing with staffers from the offices of problems such as illness and family Hosted by Farm Credit Bank of Texas, the annual program Sen. Ted Cruz and Rep. and faith concerns. takes Farm Credit employees to financial and policy Andy Smith Randy Neugebauer. organizations in the New York City area and Washington, “I truly think that God had a hand “At each visit, we were able to D.C., for four days. Andy Smith, vice president and senior in this,” said Byerly. “We’ve received tell the Farm Credit story and remind our elected officials credit officer in our agribusiness department, was the nothing but praise and help to fund of the importance of having a safe and reliable source of Capital Farm Credit representative this year. the speakers, who came from all financing for agriculture and rural America,” he reported. over. They all seemed to realize that “Every item on the agenda was a highlight,” Smith said “Fortunately, all with whom I met know Farm Credit well, there is a message that needs to be of the trip, noting that the group had the opportunity to and relayed their support for our continued success.” meet many people who contribute to the strength of the presented, and they all felt humbled Smith firmly believes that customers can feel good about Farm Credit System. to help spread that message. doing business with Farm Credit. “We’re in good hands,” Smith said. “We have such a “There were 23 men who came and “The System and ultimately our stockholders have a strong organization that has the backing of so many. The didn’t ask for anything — didn’t ask reliable and competitive source of financing, regardless people at the Federal Farm Credit Banks Funding Corp. for travel expenses or a fee or a hotel, of economic market conditions,” Smith explained. “At are working every day to make the connection between or anything,” Byerly continued. every level, there are men and women who are passion- Wall Street and Main Street. They also love to tell the “Some of them flew in to partici- ate about Farm Credit, our cooperative model, and the pate, and that’s impressive when you Farm Credit story, because it’s marketable and provides agricultural and rural industries we serve. Because of this, have that many people who want to value to our Farm Credit bonds. And the Farm Credit the System will thrive well into the future, which is not be involved and to present a message Administration works tirelessly to ensure the safety and something that every financial institution can say.” that needs to be presented.” soundness of the Farm Credit System, which provides the

CAPITAL FARM CREDIT, ACA HELPING YOU MANAGE RISK Need Crop Insurance? A Tool You Can Use Capital Farm Credit’s Agri-Insurance Introducing GrainBridge, New Risk Management Software Team Provides Comprehensive Coverage for Ag Producers Capital Farm Credit has teamed up with Agri- Capital Farm Credit Insurance of Hondo to offer our members continually provides tools comprehensive and highly personalized crop, and resources to ben- pasture and forage insurance protection. Our efit our customers, and we recently introduced GrainBridge, a risk products protect farmers and ranchers from management software program for ag producers. This comprehensive risk under the following conditions: Web-based tool is designed to manage major components of crop and livestock operations — including budgeting, crop insurance, cash posi- • multi-peril tions, futures and options. • crop-hail GrainBridge can help producers answer questions such as: • rainfall (floods or drought) • How can I manage and evaluate risk on my farm or ranch? • declining livestock market prices • Am I profitable with today’s current prices? The Agri-Insurance team strives to make • How can I manage components of price risk including cash sales, all aspects of the insurance process easy for futures, options and insurance? customers, including quick turnaround on all • Is there an easy way to manage profitability in volatile markets? claims. Tootie Ilse, director of crop insurance • How can I create reports showing my profit and break-even targets operations, and Lynn Ilse, office manager, have compared to current market prices? a wealth of experience. They have been involved in the crop insurance industry since 1986, and The software is user-friendly and provides the information needed to are well-known to producers in the Winter make sound business decisions, from evaluating potential risks to man- Garden/South Texas and Brazos Valley areas. aging profitability. It is available at no charge to Capital Farm Credit borrowers and can be used on desktops, smartphones and tablets. For more information, including coverage levels and sales closing dates, please visit the “Making GrainBridge a part of your business is as simple and intui- Hondo Agri- tive as the software itself,” said Mark Loveland, Capital Farm Credit Insurance team regional senior vice president of credit. “With available in-house at 1901 West training, producer webinars, online tutorials and a support staff Highway 90 in available five days a week, we ensure that adding GrainBridge is a Hondo or call smooth and seamless process.” (830) 426-4175. AGRI-INSURANCE Ask your loan officer how to sign up for GrainBridge today!

It’s Official:Capital Farm Credit Members Claim National First Bale of Cotton

Sam and Josh Ruiz, Capital Farm Credit cus- The Harlingen Cotton Committee sponsors the taking an active role in agriculture. The agri- tomers in the Harlingen office, boast the title contest each year, rewarding the producer(s) culture industry represents about one-quarter for delivering the official certified 2014 first with $3,000. Once ginned, the bale of cotton of the Valley’s economy, and cotton bale of cotton in the United States. The 1,580- will be on display at the Harlingen Chamber of produced there is shipped all over the world. Commerce and auctioned off to benefit area pound bale was delivered to La Feria Co-op Gin The Ruiz brothers started their farming opera- scholarships. at 5:15 p.m. on July 3. The cotton was picked tion, Mid Valley Agriculture LLP, in 2008. In entirely by hand at the Ruiz farm near La Feria, The First Bale Auction has grown tremendously addition to cotton, the brothers also produce and it was the first time for the brothers to win since its inception in 1953. Money raised from the vegetables, sugarcane, corn and grain sorghum the contest. auction helps support Rio Grande Valley students on more than 2,500 acres.

CAPITAL FARM CREDIT, ACA The Making of a Museum Ag History Enthusiasts Achieve Dream of Exhibiting Farm-Related Artifacts

By Lacee Hoelting, Executive Director, Bayer Museum of Agriculture

t’s been more than 40 years in the Center furnished an unused windmill shop helped raise $83,000 for the museum. In making, but with the help of Capital for the initial museum building. conjunction with the dinner, “TCR” did a Farm Credit, the dream of a first-class special segment on Brazell and his work at I While small compared with the dreams agricultural museum is coming to fruition the museum. Visitor attendance increased as and passion of the museum’s board, the in Lubbock, Texas. people from across the state ventured to the modest building at least provided a physi- museum after seeing the story on television. In 1969, under the leadership of Alton cal location for the collection. But board Brazell, the Lubbock County commis- members and other civic leaders persisted All of the fundraising culminated on April 4, sioner’s court allocated 5 acres of land near in pursuing a larger site, meeting with City 2011, when the museum staff broke ground Shallowater to provide a central repository of Lubbock officials to present their case. on their very own facility. The Alton Brazell for donated farm equipment. This was the After several such meetings, the city agreed Exhibit Hall, a 24,000-square-foot exhibit humble beginning of the Lubbock County to furnish a 24.68-acre tract of land in hall that showcases the museum’s static col- Historical Collection, a project created to Mackenzie Park, if the museum could raise lection, opened to the public in 2012. collect and document the agricultural his- the funds for a permanent building. In August 2013, Bayer CropScience and tory of the South Plains area. With the help of passionate board mem- the American Museum of Agriculture For more than 30 years, area farmers bers, volunteers and donors, the museum announced a sponsorship agreement to donated all types of equipment, includ- embarked on a capital campaign to build a rename the museum the Bayer Museum ing tractors, harvest machines, irrigation one-of-a-kind museum where children and of Agriculture, and provide for a major equipment and tillage tools, along with adults could learn about their agricultural expansion of the facility. countless small tools and household items. heritage. Phase II construction, completed in March In a short time, Brazell had amassed one of of this year, added a main exhibit hall, the the largest and most unique collections of Capital Farm Credit Sponsors Plains Cotton farm-related artifacts in the United States. Museum Fundraiser, Exhibits Growers Eventually a downtown warehouse was While capital campaign funds trickled in, Conference procured to store the collection, which the museum needed a large-scale fundraiser Center, a cater- included 23 restored tractors. to help raise both awareness and operating ing kitchen, a funds. In stepped Clint Robinson, museum Humble Beginnings board member and senior vice president In the late ’70s, a farming exhibit, also in Capital Farm Credit’s Lubbock office. called the Lubbock County Museum, was He suggested using Capital’s relationship Capital Farm on display in Shallowater, but it was not with the “Texas Country Reporter” (“TCR”) Credit Senior Vice until a group of civic leaders came together television program to host a dinner with President Clint in 2001 that the American Museum of reporter as the keynote speaker. Robinson, left, Agriculture was established. In 2002, the visits with Texas Lubbock County Historical Collection The museum board and staff had never Country Reporter permanently loaned its exhibits to the attempted an event of this magnitude but, Bob Phillips. museum, and the American Wind Power with Robinson’s help, in May 2011 Phillips inspired an audience of 700 people and

CAPITAL FARM CREDIT, ACA large outdoor patio, and additional office Director Spotlight and storage space. While the Brazell Hall focuses on agricultural heritage, the new exhibit hall is focused on modern agri- Director Richard Counts Brings culture and the American farmer. Capital Farm Credit also is one of three Financial Expertise to major sponsors of a new interactive crops exhibit, “Crops: Harvesting the Capital Farm Credit Board Facts,” which takes a closer look at corn, ICHARD COUNTS grew up in Clear experience to serve alongside the many cotton, peanuts, rice, sorghum, soy- Lake, and received BBA and MPA farmers and ranchers who have made up beans, sunflowers and wheat. Rdegrees from the University of the board of directors of Capital Farm Visitors to this exhibit can learn the Texas in Austin. In 1963, he joined Arthur Credit,” said Counts. “Our association history of each crop, including interest- Andersen & Co., a global audit, tax and has many outstanding employees, and ing facts such as the crop’s products consulting firm in its management and by-products, and can test their Houston. He went on team members are skills with two different games. The to become a certified very effective in the exhibit is based on smartphone tech- public accountant delivery of services nology and also features a timeline in 1964 and an to its stockholder- of agriculture in America, including international audit borrowers.” important dates such as the creation partner for Arthur Counts commends of the Farm Credit System. Andersen in 1972. Capital Farm Educating Future Generations Counts’ career Credit’s directors Additional exhibits coming soon also led him to the and management include an interactive cotton harvest –Fort Worth team for quality simulator, an exhibit on the history of area, where he served mergers, internal irrigation, and an exhibit on the science private and public expansion and behind modern cotton production. manufacturing excellent patronage Capital Farm Credit’s passion for and oil and gas programs — all preserving our agricultural heritage clients and took of which have and educating future generations has on a number of contributed to the made the association a perfect partner litigation support co-op becoming with the Bayer Museum of Agriculture. assignments. In 1985, he and his wife, one of the leading associations in the Its dedication helped bring “TCR’s” Lynda, transferred to Hong Kong, entire country. Phillips back to Lubbock for the fourth where he worked with many global The Countses have been travel and annual “A Night for the Museum” fund- corporations, including some in China adventure partners for 54 years. They raiser in September. and the Philippines. Counts retired from have a daughter, Kim, and a son, Scott, public accounting in 1996 and became a What was once a simple county history both who live in the Houston area and financial consultant and temporary chief collection has evolved into a one-of-a- have families of their own. The couple has financial officer for several companies. kind museum. Visitors of all ages will four granddaughters and one grandson. walk away with an appreciation of their While enjoying retirement, the Countses Sailboat racing and cruising enthusiasts, agricultural heritage and a better purchased 85 acres of rural land near the Countses have sailed to several small understanding of how today’s farmer Columbus, Texas, where they built islands in the South China Sea, from continues to feed and clothe a growing their home. They met a new friend and Turkey to the Canary Islands, through the world population. neighbor, a Capital Farm Credit board Gulf of Mexico and down the Bahamian member, who explained the cooperative’s and Caribbean chain of islands. role in providing credit to Texas farmers “I have never been shy about expressing and ranchers. Later, that friend referred my opinions and offering my guidance Counts to Capital Farm Credit when the to the board and management,” said association began a search for outside Counts. “In my opinion, Capital Farm directors who could offer financial Credit is truly a great organization which expertise. Since 2005, he has served as an is sincerely committed to providing the outside, director-elected board member best possible service to its stockholders, and a member of the audit committee. and also strives to provide important “It is a great honor to serve the Farm support to rural Texas.” Credit System, and it has been a wonderful

CAPITAL FARM CREDIT, ACA ith no rain in sight and operating and joined more farmers markets. They Wcosts shooting up, Jeffrey Braune branched out to online marketing, such was steering a tractor down a row of maize as on Facebook, and participated in back in 2004 when he realized that there community-supported agriculture, a form was little hope left for his family’s strug- of farmer-to-consumer distribution, by gling farm south of New Braunfels, Texas. selling subscriptions to their produce. It Pays to “I finally got home at 2 a.m.,” recalls The diversification paid off. Today, Jeffrey Jeffrey, who teaches high school and Julie Braune (pronounced “brownie”) ag in San Antonio. “I told my with their four children — Jaycie, 15, wife, Julie, that we had to do Janae, 12, Justin, 7, and Jacob, 5 — still something other than just grow farm their land and make a profit. wheat, corn and maize, or we wouldn’t make it. I was so afraid Farming Roots Run Deep Braune Farms succeeds we might have to sell off our land.” Jeffrey learned much of what he knows with more product about farming from his parents, Floyd offerings, online Hard Work and Determination and Jamie Braune, who farm nearby and marketing and a Determined to keep the farm afloat, also sell at local farmers markets. Though Julie loaded up 15 cartons of eggs freshly separate businesses, both farms sell their strong presence at local gathered from their chickens and set up a vegetables, eggs, meat and pecans under farmers markets. card table at a Seguin farmers market. To the name Braune Farms. her surprise, the eggs sold quickly, so she Working the land runs deep in the family. continued selling at the market. The next Growing up, Floyd farmed with his father spring, surplus vegetables from their large William, who at 94 still lives on the family garden sold quickly, too. farm north of Seguin. In 1966, Floyd Subsequently, the couple, who garden married Jamie, whose father ran a dairy without chemicals, planted more vegetables Photos by Sheryl by Photos Smith-Rodgers

Three generations of the Braune family farm south of New Braunfels

CAPITAL FARM CREDIT, ACA potted plants every Saturday. Restaurant chefs John Russ of Lüke San Antonio and Steven McHugh of Cured at Pearl are among their regular customers. When yields allow, the Braunes also sell at the Barton Creek Farmers Market in Austin. The children market their own crops, too. “Justin sells jalapeños and banana peppers that he grows himself,” Jeffrey says. “Jaycie and Janae were growing and selling cut flowers. But we switched to potted plants because they were in the field until 3 or 4 a.m., cutting flowers. Water became an issue, too, since we’re still in a drought. We recently drilled a new irrigation well, so that’s kept us going.” Overwhelmed one fall with a surplus of onion sets, Jeffrey purchased a mechanical transplanter. Clockwise from top: Justin Braune with a ripe jalapeño from one of his plants. At the family’s farmstand, Julie Braune helps customer Ari Cowan pick out a cantaloupe. Jaycie and Janae “Now we can plant thousands of plants, Braune are pictured with potted vincas that they sell. Floyd and Jamie Braune with their cattle. which makes us more efficient,” he says. “In our gardens, we also put down plastic mulch layers that I can plow between. farm. The couple settled in New Braunfels take our animals to a state-inspected pro- We’ve slowly gotten better at farming.” and started a family. Floyd worked in com- cessing plant in Gonzales and have them mercial construction, while Jamie stayed packaged into steaks, roasts, and other Online Marketing Connects home with their two children, Jeffrey and special cuts.” Farm to Market Carol, and attended college. Every Saturday, no matter the weather, In the past year, connecting with two Capital Farm Credit you can find the couple stationed at websites has further broadened the family’s Lends a Hand red checker-clothed tables at the New customer base. CitySprout allows regis- tered users to order directly from produc- In 1974, Floyd and Jamie moved to Braunfels Farm to Market, selling their ers and pick up their items at designated the country, where they gardened and meats, vegetables and eggs. locations. FarmHouse Delivery in Austin raised some cattle. Just as William did, “Sometimes we’re up real late Friday night, buys from select producers and delivers the couple financed the operation with getting ready,” Floyd says. “Just me and customers’ orders to their door. Capital Farm Credit. Jamie pick the vegetables. We want to slow This October, the Braune family for the “We grew more vegetables than we could down, but we don’t know where to start!” second year will host a pumpkin patch with eat, so I’d take them to school to sell,” says Third-Generation games, hayrides and a mini petting zoo. Jamie, who earned her teacher’s certificate Capital Farm Credit Customers and then worked as a math teacher. “I sold “We had about 700 people come out last Likewise, Jeffrey and Julie, who married in fresh eggs, too.” year to pick pumpkins,” Julie says. “So 1995, work long hours with help from their this year we planted 2 acres of pumpkins Both retired now, Floyd and Jamie still grow children. Every Wednesday afternoon, the instead of one. The pumpkin patch is great seasonal vegetables along with pecans and family tends their own roadside stand at the exposure for our farm. Floyd and Jamie free-range chickens on their 180-acre farm. end of the caliche driveway to their home. help us, and the kids really have fun.” They also produce grass-fed, hormone-free Third-generation borrowers with Capital beef and lamb from their 166-acre ranch, Farm Credit, Jeffrey and Julie also financed Sometimes, Jeffrey can’t help but wonder if which is planted in coastal grass. Daughter their home with the cooperative, when other his family gets tired of the long hours that Carol Muenich lives on another family farm lenders hesitated to finance a rural home. farming requires. nearby, and cares for the Braunes’ sheep. In 2009, the Braunes joined the Pearl “I feel like God has led us to do this, “Our cattle are three-quarters Angus and Farmers Market in San Antonio, where though,” he says. “And as hard as our life is, one-quarter Limousine,” Floyd says. “We they sell produce, canned goods, eggs and it’s been good to us.” n SSR

CAPITAL FARM CREDIT, ACA Employee Spotlight His career culminated as commander of the 36th CAB, with a force of more than 1,200 soldiers, serving in this capacity for 15 months. During this time, he was respon- Colonel Travis sible for the welfare and training of person- nel in support of seven subordinate units Richards Honored and their deployment and redeployment to and from the global war on terrorism. for 30 Years of Richards is the recipient of many awards, among them: Military Service • Legion of Merit Col. Travis Richards, Capital Farm Credit • Bronze Star Medal senior vice president and branch manager • Meritorious Service Medal in Edinburg, recently was honored in a • Air Medal formal retirement ceremony for 30 years of military service. • Army Commendation Medal He completed a combat tour in Iraq dur- • Army Achievement Medal Richards was commissioned as a second ing Operation Iraqi Freedom in 2006-08, lieutenant upon graduation from Texas where he served as the battalion com- • Texas Superior Service Medal A&M University in 1984, and immediately mander for the first fully transformed • Lone Star Distinguished Service Medal entered service in the Texas Army National Army National Guard Aviation Support • Master Army Aviator Badge Guard. He completed the transportation Battalion, the 449th ASB. • Parachutists Badge officer basic course and went on to earn Richards was responsible for more than his flight wings through the U.S. Army He also is the chapter president for the 600 soldiers and the maintenance and rotary wing flight school. Jack Dibrell/Alamo Chapter of the Army logistical support of the 36th Combat Aviation Association of America and is a During his tenure, Richards rose through Aviation Brigade (CAB), which included Silver Order of Saint Michael recipient. the ranks, holding various positions of more than130 rotary and fixed-wing increased responsibility. aircraft. During the tour, the 36th CAB Capital Farm Credit is proud to support flew more than 70,000 flight hours and our military personnel, and congratulates At the company level, he served in a num- completed over 10,000 combat missions Richards on his distinguished military ber of aviation platoon leader assignments during the surge in the Iraq War. career and retirement. and held two separate aviation company commands. At the field grade level, Richards was selected as the first aviation career manager Capital Farm Credit Receives Recognition with Joint Forces Headquarters, then as The Office of the Secretary of Defense recognized Capital Farm Credit as a Patriotic Employer for the executive officer of the 2-149th Assault contributing to national security and protecting liberty and freedom by supporting employee Helicopter Battalion. Proving outstanding participation in America’s National Guard and Reserve Force. Col. Richards presented the award to performance, he was one of two officers Capital Farm Credit representatives Chief Executive Officer Ben Novosad, Executive Vice President selected for battalion command to prepare, Rick Rothe, Regional Senior Vice President Roy West and Regional President Roger Gaskamp. train and lead soldiers into combat.

Supporting Higher Education Randy Breitling, vice president of HRM and administration, right, presented the Prairie View A&M University College of Business with a $5,000 check in June on behalf of Capital Farm Credit. Receiving the check is Dean and Associate Provost Dr. Munir Quddas.

CAPITAL FARM CREDIT, ACA