Farm Credit makes Purchases at Sale of Champions

October 29, 2019

STATESVILLE, NC – This year’s NC State Fair Junior Livestock Sale of Champions was held on October 19th and brought in $167,000 to benefit youth scholarships and livestock programs. The Farm Credit Associations of North Carolina purchased the reserve grand champion junior market steer, shown by Ross Hinnant of Kenly, with a winning bid of $14,000.

The reserve grand champion meat goat, shown by Caley Mayo of Whitakers, was purchased for $7,000 by the Farm Credit Associations of NC and Tractor Supply Company.

The Farm Credit Associations of NC, Prestage Farms, Smithfield Foods, Hog Slat, Inc., and Farm Bureau Insurance purchased the reserve grand champion barrow for $15,000.  It was shown by Justus Meads of Hertford.

In addition to the livestock auction, the Farm Credit Associations of NC participated in a truckload support auction which raised $96,750 to help support the youth that participated in the shows and sales.

Carolina Farm Credit partnered with AgCarolina Farm Credit and Cape Fear Farm Credit to support the NC State Fair Junior Livestock Sale of Champions.  “The Junior Livestock Sale of Champions is yet another way that the Farm Credit Associations of North Carolina helps to support young people that are involved in preserving the future of agriculture in our state.” said Carolina Farm Credit CEO Vance Dalton.

Carolina Farm Credit is a stockholder-owned cooperative providing financing to full and part-time farmers and agricultural-related businesses and also provides financing for the construction and purchase of homes in 54 counties through 30 branch offices.  Other financial services available are credit life insurance, appraisal services, leasing programs, and financial planning.

For more than 100 years Farm Credit has been supporting rural communities and agriculture with reliable, consistent credit and financial services. 

Carolina Farm Credit serves over 10,000 members with loans outstanding totaling more than $1.5 billion.  The association’s territory covers the western half of North Carolina, with branch offices located in Albemarle, Asheboro, Asheville, Browns Summit, Burnsville, Carthage, Concord, Conover, Ellerbe, Graham, Hendersonville, Jefferson, Lenoir, Lexington, Lincolnton, Monroe, Murphy, Pilot Mountain, Roxboro, Rural Hall, Salisbury, Shelby, Siler City, Sparta, Spindale, Statesville, Taylorsville, Wilkesboro, Yadkinville, and Yanceyville.

Directors for Carolina Farm Credit are W. Rex Bell, Chairman, Statesville, David M. Coltrane, Vice-Chairman, Pleasant Garden; John M. Barnard, Statesville; E. Bernard Beck, Seagrove; Mark A. Bray, Lawsonville; Leslie G. Sparks, Sparta; Joseph A. Lail, Shelby; Clark M. Newlin, Haw River; Thomas E. Porter, Jr., Concord;  Eric McPherson, Snow Camp; D. Kaleb Rathbone, Waynesville; Lewis E. Smith, Lincolnton; Vickie N. Smitherman, East Bend; L. Kim Starnes, Salisbury; Dr. Alton Thompson, Summerfield.

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