Farmer Mac Admires California Farmers

Farmer Mac Knows the Strength of California Farmers

By Patrick Cavanaugh, Deputy Editor

Curt Covington, senior vice president, agricultural finance for the Federal Agricultural Mortgage Corporation or ‘Farmer Mac,’ knows a lot about the California farmer, and the Central San Joaquin Valley farmer in particular. Covington said, “This grower has experienced “an ‘us’ versus ‘them’ mentality for a number of years.”

“The voting block in this state resides in Los Angeles and the Bay Area. There has been, particularly over the past ten years, this view that the American farmer–the California Farmer particularly given the drought–has not been a good steward of resources. The facts have proved otherwise. And despite everything that has been thrown at us by the uninformed consumer in Los Angeles and San Francisco, Central California farmers continue to thrive, and will find their way out of this problem. I am convinced of that,” said Covington.

Covington also has a lot of respect for the farmers’ management strategies in all parts of their businesses and lives. “Farmers are price takers; they do not set the price for their commodities. This forces them to be good managers of their expenses, good managers of their balance sheet, good managers of their assets and good managers of their labor,” Covington said.

“And no where else in this country, in my opinion, do you have a group of farmers who have dealt with more problems and come out on top than the California farmer. It is not only an honor, but a pleasure to work with many of them. They are just an incredible group of people,” Covington said.

WAPA Annual Meeting in Monterey

WAPA Annual Meeting Nears! June 25-26

The 2015 Western Agricultural Processors Association (WAPA) Annual Meeting is right around the corner! Beginning on Thursday, June 25, the meeting will kick-off with a four-man scramble golf tournament at Black Horse Golf Club with the Associate Member and Annual Meeting reception to follow including special guest speakers.

The event will be held at the Monterey Plaza Hotel and Spa, 400 Cannery Row, Monterey CA.

The following day will include pertinent industry, regulatory and legislative updates including a FSMA Implementation Update provided by Kathy Gombas, Senior Advisor of the U.S. Food and Drug Administration, a California Water Update provided by Aubrey Bettencourt of the California Water Alliance and Gary Bardini of the Department of Water Resources and Curt Covington of the Federal Agriculture Mortgage Corporation will provide an economic outlook for the tree nut industry.

Associate members and sponsors will exhibit their services and products on:

Thursday, June 25, from 5:30-7 p.m., and

Friday, June 26, from 7:30-9 a.m. and 10:10-10:45 a.m.

 

Registration and payment for the WAPA Annual Meeting are due ASAP to:

Western Agricultural Processors Association

1785 N. Fine Avenue

Fresno, CA 93727

Tel: 559.455.9272