The annual report chronicles the association's 100 year history and reports key financial measures for 2015.
GreenStone Commemorates 100 Years of Service to Rural Communities in Latest Annual Report
GreenStone Farm Credit Services has released its 2015 Annual Report. The report highlights key financial measures in 2015 and features milestones in the association’s 100 year history. GreenStone will officially commemorate its centennial anniversary on July 17, 2016.
“Anniversaries like this are important for us to recognize. We never want to forget where we came from, or our mission to support rural communities and agriculture with a reliable, consistent, and responsible source of credit and financial services,” said former GreenStone President and CEO Dave Armstrong. “The centennial is an opportunity to recommit ourselves to carry out that mission for the next 100 years.”
2015 financial highlights include:
- $141.1 million in net earnings
- $7.8 billion total assets
- 7.4 percent total loan growth
- $35.3 million in cash patronage paid in March 2016
GreenStone is commemorating its 100th anniversary with the launch of the Farm Forward Mentorship program, pairing young, beginning and small farmers with experienced mentors. The yearlong program will facilitate conversations and experiences to help propel new farmers forward in their careers. A summary of the program is included in the report, along with a historical timeline chronicling the 100 year history of the Farm Credit System.
The report also shares the story of Chapin Family Farms, a 100-year-old dairy in Mecosta County, Michigan. Sam Chapin is the fourth generation to manage the operation, now a 690 cow dairy farm. The farm will also officially celebrate its centennial this July. In the report, Sam recounts the farm’s history, sharing stories passed down from his great grandparents and his own memories of growing up on the farm.
