Tri-State Land & Timber, LLC Young Farmers Attend · PDF fileYoung Farmers Attend Emerging...

Summer 2012

Tri-State Land & Timber, LLCYoung Farmers Attend

Emerging Entrepreneurs’ ConferenceLocal Student Named Park Scholar

Cape Fear Country is published for stockholders and friends of Cape Fear Farm Credit.

PreSideNtMichael R. Jackson

Board of directorS Ronald J. Allen, Chairman Arnold Drew Smith, Vice Chairman Dr. James Harriss Gary Hendrix Jart Hudson, Jr. Lyle Ray King Daniel LewisJon PopeJeff Simpson Harold J. Smith, Jr. Bo Stone Terray SuggsGene S. West, Jr.Alfred K. Wooten

editorSkipper Jones

PuBLiSherAgFirst Farm Credit Bank

PuBLiShiNg directorAmanda Wagasky

deSigN teaMAthina EargleDarren Hill Amanda Simpson Travis Taylor

circuLatioNKathi DeFlorio

address changes, questions, comments or requests for copies of our financial reports should be directed to cape fear farm credit by writing P.o. Box 2405, fayetteville, N.c. 28302 or calling 910-323-9188. our quarterly financial report can also be obtained on our Web site at www.capefearfarmcredit.com.

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7the Beatty family from Bladen county, N.c. was recently named the 2012 Nc Small farmer of the Year by Nc a&t State university.

coNteNtS

Cape Fear Country Summer 2012

21tobacco barns across North carolina represent an industry that has been an important part of the state’s economy for many, many years.

18cape fear farm credit recently participated in the 2012 community tour along with many cooperatives across North carolina.

16The first Heifer Showdown, coor-dinated by the Sampson county cooperative extension, was held on april 28, 2012, at the Sampson county Livestock facility in clinton, N.c.

cape fear country Summer 2012 3

From ThE PrESidEnTHeat of the Summer . . . . . . . . . . . . . . . 4

FEATurETri-State Land & Timber, LLC . . . . . 5

AA&S Farms, Inc. . . . . . . . . . . . . . . . . 7

YBS SPoTLiGhTYoung Farmers Attend Emerging

Entrepreneurs’ Conference . . . . . 8

dr. KohL’S CornErThe 21st Century Legacy

of Agriculture . . . . . . . . . . . . . . . . . 12

CommuniTY nEwS & EvEnTSLocal Students Awarded Cape Fear

Farm Credit Scholarships . . . . . . 14

First Heifer Showdown Held in Sampson County . . . . . . . . . . . . . . 16

Local Student Named Park Scholar . . . . . . . . . . . . . . . . . . 17

Cape Fear Farm Credit Participates in 2012 Community Tour . . . . . . 18

Edgewood Elementary School Teaches Students about Agriculture . . . . . 18

ASSoCiATion nEwSMembers Celebrate in Cape Fear

Farm Credit’s Success! . . . . . . . . . 19

Local Farmers Elected to CFFC Board of Directors . . . . . . . . . . . . . 20

Tobacco Barn—A Piece of North Carolina History . . . . . . . . . . . . . . 21

Welcome New Employee . . . . . . . . . 22

Employee Promoted . . . . . . . . . . . . . 22

TidBiTSBirth Announcement . . . . . . . . . . . . . 23

Newsworthy Members and Employees . . . . . . . . . . . . . . . 23

rECiPESSummertime Meals . . . . . . . . . . . . . . 24

FinAnCiAL rEPorT First Quarter Results . . . . . . . . . . . . . 27

froM the PreSideNt

cape fear farm credit 4 cape fear farm credit 4

Heat of the Summer

Michael r. Jackson

froM the PreSideNt

As we are in the heat of the summer

months, we look back over the

winter and spring and celebrate in

the successes of Cape Fear Farm Credit and

our members. Due to a healthy cooperative,

we were able to return over $7.6 million back

to our stockholders in patronage refunds in

April. Each branch held a celebration event

to distribute patronage checks and thank our

members for their support and dedication.

Over the last few months, we have

also held various seminars and conferences

for young, beginning, small and minority

farmers and agribusiness owners in our Cape

Fear region. Most recently, the 3rd Annual

Emerging Entrepreneurs’ Conference was

held in Wilmington, N.C., where some of

our most innovative and forward thinking

members and prospects gathered for three

days of networking and educational seminars

with Dr. Dave Kohl, Virginia Tech professor

emeritus.

In May, nine high school seniors were

awarded scholarships for their academic

excellence and dedication to southeastern

North Carolina agriculture and rural devel-

opment. The applicants were all very impres-

sive with many in the top five percent of their

class and very well-rounded. Many of these

students have the desire of pursuing careers

in agriculture or fields where they can come

back to the rural areas of southeastern North

Carolina to live and work.

The weather has been a bit of a roller

coaster for us over the last several months

with extreme heat and, in some areas, the

need for additional rainfall. As your lender,

we are here to talk through situations that

you see arising, and we hope that you feel

confident in sharing with us the successes and

struggles you experience with your farming

operations. Cape Fear Farm Credit employees

strive to have a strong relationship with each

borrower and the success of this cooperative

goes far beyond the loan process. The success

of Cape Fear Farm Credit is dependent on the

success of each of you, our stockholders.

We value our relationships, and thank

you for your continued business and support.

I am wishing you the best as we are quickly

approaching the harvest season.

feature


When you combine the experience

of all the partners of Tri-State

Land & Timber, LLC, you have

approximately 186 years of experience in

timber procurement.

In July 2007, six men in the timber

industry came together to form Tri-State

Land & Timber, LLC. The owners and

members of Cape Fear Farm Credit who

established Tri-State Land & Timber are

Tommy Norris of Castle Hayne, John

“Dean” Alsup III of Elizabethtown, Thomas

Brantham III of Wilmington, Lacy White, Jr.

of Creedmoor, Ryan Norris of Rocky Point,

and Charles “Charlie” Marshburn of Harrells.

The company is headquartered in Rocky

Point, N.C., and has two regional offices

located in Jacksonville, N.C., and Creedmoor,

N.C. Tri-State is a timber procurement

company serving North Carolina, South

Carolina and Virginia. They have expertise

in buying timber tracts and contracting with

independent loggers to supply mills with

forest products. Currently, the majority of

their production is in North Carolina and

South Carolina with about 15 percent of

production taking place in Virginia.

Cape Fear Farm Credit has been doing

business with Tri-State Land & Timber since

the business’ inception. Loan Officer Sharon

Smith states, “We were very impressed with

their years of experience, and they had so

many connections in the industry. They are

very professional and manage a successful

business.” When asked about their expe-

rience with Cape Fear Farm Credit, Dean

Alsup replied, “Farm Credit understands our

business better than most banks. It has been

a good relationship over the last few years.”

Tri-State Land & Timber has 15

employees, and they work with approximately

25 independent contractors. “Our foresters

handle jobs from start to finish. We are

proud to show any of our jobs,” declares Ryan

Norris, one of the partners. There are many

details that go into this business; it’s more

than just buying tracts of timber. “Buying

a tract of timber is just a small piece of it,”

Tommy Norris, president of Tri-State says.

He went on to say, “To be a good business

manager in the timber business, a forester

has to be able to select the best crew type for

the job. For instance, some crews specialize

in thinning, so you have to keep that in mind.

tri-State Land & timber, LLc experience over a century

From the left: Sharon Smith, Capital Markets loan officer; Tri-State Land & Timber business partners Dean Alsup III, Tom Brantham III, Charlie Marshburn, Tommy Norris, and Ryan Norris; and Randy Pope, Capital Markets relationship manager. Not pictured: Tri-State Land & Timber business partner Lacy White, Jr.

cape fear farm credit 6

feature

You also have to match the right equipment

to the area.” To ensure they are working

with the most environmentally conscious

and safest loggers in the business, Tri-State

Land & Timber only works with loggers that

hold their Pro Logger State Certification from

the North Carolina Forestry Association. “We

really work with the best logging contractors

around,” Ryan Norris states. He continues,

“They are experienced and seasoned and have

great relationships with the mills.”

This company prides itself on leaving

the land clean and in the proper condition

for reforestation. They aggressively seek out

opportunities, and a large portion of their

business is focused on land management in

conjunction with the timber harvesting. The

foresters provide replanting advice based

on the landowner’s needs as well as long

term management techniques in regards to

road placement, wildlife corridors, food plot

locations and much more to meet the land-

owner’s objectives. The business partners

of Tri-State Land & Timber are looking for

long-term relationships and want to partner

with landowners to leave the land in the best

condition possible for the next generation of

trees. “Each forester has his own strengths

and we rely heavily on those strengths. We

do our best to match the right landowner with

the right forester,” states Tommy Norris.

In addition to managing Tri-State Land

& Timber, many of these men are very active

in their communities through timber industry

groups, church, recreational activities, boy

scouts, or spending time with family and

especially their children and grandchildren.

For more information about Tri-State

Land & Timber, LLC, visit them online at

www.tristatelt.com.

tri-State Land & timber owners in front of a timber tract in Bladen county

Some of the tri-State owners overseeing a job in Bladen county


feature

The Beatty family from Bladen County,

N.C., was recently named the 2012

NC Small Farmer of the Year by N.C .

A&T State University. Today, the family still

farms the land where Albert Beatty grew up

in Harrells, N.C. “I’ve been farming all my life

here in Bladen County. The only time I was

away was when I was in the military,” Albert

Beatty said with passion. After spending time

with this family for only a few minutes, one

can tell farming is near and dear to Albert, his

wife, Ada, and their daughter, Sonya.

After Albert returned from service in

1968, he and his father raised tobacco, corn,

soybeans and hay, and Albert also worked

a public job. About 10 years later, Albert

retired from his public job with DuPont

and took over the farming operation full

time. He got out of the tobacco business and

decided to construct two swine nurseries on

contract with Prestage Farms. Albert says, “I

remember building those hog houses; we got

our first pigs on Thanksgiving Day in 1996.”

AA&S Farms, Inc.2012 N.c. a&t State university Small farmer of the Year

albert and ada Beatty

from the left, ada and albert Beatty with Brook gillis, elizabethtown branch manager

In addition to the hog houses, the Beatty’s have approximately 370 acres of plantation timber, vegetables grown on black plastic,

30 head of cattle, and goats.

Continued on page 23

In addition to the hog houses, the Beatty’s

have approximately 370 acres of plantation

timber, vegetables grown on black plastic, 30

head of cattle, and goats.

A fairly recent venture has been growing

crops on plastic, and it has been very success-

ful for this family. “Growing vegetables on

black plastic yields about twice as much as the

traditional method. We’ve been able to sell

the vegetables mostly by word of mouth. Most

of the okra is sold before we even harvest it,”

stated Albert.

When Albert was asked what he enjoys

most about farming, his wife, Ada, quickly

responded, “Tractors. He’s always loved

tractors.” He definitely likes tractors but also

enjoys the daily changes that come along with

farming. Each day is different, he gets to be

his own boss, and he loves to see things grow.

He remembered his days spent at DuPont;

he enjoyed his job but could not wait to get

home from a day’s work, get on his tractor,

and smell the dirt. Ada said that she grew up

on a farm in Autryville, and farming gives

the family time to spend together. “It doesn’t

matter what we’re doing, as long as we’re

together,” she said with a big smile.

Not only is this family passionate

about farming, Albert, Ada and Sonya are

also passionate about sharing the story of

agriculture to those in their community and


YBS SPotL ight

Cape Fear Farm Credit’s third Annual Emerging Entrepreneurs’ Conference was held at the Hilton Riverside in Wilmington, N.C., in March.

A group of innovative and talented young farmers gathered from across our 12-county territory to attend this three-day conference. This

educational opportunity is one way Cape Fear Farm Credit is supporting this young group of farmers who are the future of agriculture.

Below are highlights of each participant that was in attendance.

Young farmers attend emerging entrepreneurs’ conference

Jantzen & natalie Brantley Jantzen and Natalie Brantley were nominated by Jay Darden, relationship and related services

manager for the Assocation. Natalie is a native of Duplin County, and she is the daughter of

Dennis Beasley and granddaughter of Marvin Johnson, owner of Nash Johnson and Sons’ Farm,

Inc. The Brantley’s have been Cape Fear Farm Credit members for one year, and they have a

12-house broiler facility. In addition to the poultry facility, Jantzen owns a real estate appraisal

business, and Natalie works as a pregnancy care specialist in Burgaw.

Jay & Tina BurneyJay and Tina Burney were nominated by Jared Johnson, loan officer in the Elizabethtown branch.

Jay and his wife live in Elizabethtown and have been Cape Fear Farm Credit members for approxi-

mately four years. They have two brooder houses on contract with Prestage Farms, three finishers

on contract with Murphy Brown, a cow/calf operation, and a row crop operation that consists of

corn and soybeans. Jay and his brother Mike Burney are involved in the turkey operation. Tina

works off the farm as an administrative assistant with the Bladen County government. They are

members of Wesley Chapel Methodist Church, and they have two children, Rhett Austin and

Maegan Faith.


Bradley & Susan FrederickBradley and Susan Frederick were nominated by Robin Albertson, lending manager for the asso-

ciation. Bradley and Susan have been Cape Fear Farm Credit members for nine years, and they

currently live in Warsaw. Their farming operation consists of tobacco, corn, soybeans, wheat, and

a brooder hub on contract with Nash Johnson and Sons’ Farm, Inc. Susan is a nurse practitioner

at East Carolina Physicians in Beulaville. They are members of Warsaw Baptist Church, and they

have two children, Brayden and Brantley.

russell mcPherson Russell McPherson was nominated by Ginny Martin, branch manager of the Whiteville and

Shallotte branches. Russell lives in Chadbourn and is the farm manager for McPherson Farms.

The family farming operation consists of corn,

wheat and soybeans. They are also involved in

commercial cattle production. Russell’s uncle,

Buddy McPherson, also attended the conference.

Buddy is actively involved in the operation and

is also owner of Southeastern Livestock Market.

Although Russell is not currently a Farm Credit

member, his father, Fred McPherson, has been

a member for more than eight years.

Bradley & Kay Leigh ParkerBradley and Kay Leigh Parker were nominated by Gerald Wilson, branch manager of the Kenans-

ville branch. Bradley and Kay Leigh live in Teachey and have been Cape Fear Farm Credit

members for five years. The farming operation consists of eight broiler houses on contract

with Nash Johnson & Sons’ Farm, Inc., and Black Angus cows. Kay Leigh works as a teacher at

Southwest Onslow High School, and they have one daughter, Sylva Leigh.


feature

ryan and Sarah PattersonRyan and Sarah Patterson were nominated by Stuart Betts, branch manager of the Lillington

office. Ryan and Sarah live in Lillington and have been Cape Fear Farm Credit members for

five years. The farming operation consists of tobacco, soybeans, corn, wheat and greenhouse

tomatoes. They have three children, Reece, Rylan and Addison.

Tripp and Kristina QuinnTripp and Kristina Quinn were nominated by Cliff Kilpatrick, loan officer in the Kenansville

branch. Tripp and Kristina currently live in Beulaville, and have been Cape Fear Farm Credit

members for 11 years. Tripp is a first genera-

tion farmer, and his operation consists of

swine finishers on contract with Murphy

Brown, four broiler houses on contract

with Nash Johnson & Sons’ Farm, Inc.,

and butterbeans. His wife, Kristina, is a

loan assistant with Cape Fear Farm Credit,

and they are expecting their first child

in December.

Jeffrey & April StoneJeffrey and April Stone were nominated by

Shawn Hunt, loan officer in the Lumberton

branch. Jeffery and April live in Proctor-

ville and have been Cape Fear Farm Credit

members for two years. They manage several

timber tracts, have a hay operation, and they

also market and sell timber tracts. April is

a teacher for the Robeson County School

System. Jeffrey and April have three children,

Jeffrey, Jr., Noah and Leki, with one on the

way.

cape fear country Summer 2012 11cape fear country Summer 2012 11

Bartley warrenBartley Warren was nominated by Nelson Powell, branch manager of the Clinton office. Bartley

lives in Newton Grove and is actively involved in his family’s farming operation, WF Partner-

ship. The row crop operation consists of corn, soybeans, wheat, sweet potatoes and tobacco.

The livestock portion of the family farm consists of swine finishing floors, brood cows and 3,300

sows, and they sell wean pigs to Murphy Brown.

Shannon & April TannerShannon and April Tanner were nominated by Brook Gillis, branch manager of the Elizabeth-

town office. They currently live in Garland and have been Cape Fear Farm Credit members

for five years. Their farming operation

consists of two brooder hubs on contract

with Prestage Farms and a swine nursery on

contract with Murphy Brown. They also help

on the family’s blueberry farm which consists

of acreage in Bladen and Sampson counties.

Shannon and April have two children, Noah

and Allie.


dr . KohL ’S corNer

Many of you know that I travel

to the far reaches of the United

States, and in some instances

other countries, to deliver educational experi-

ences for young producers and others aspiring

to be involved in the great industry of agricul-

ture. Despite recent misconceptions on social

media about future opportunities in the agri-

culture industry, there are many reasons to be

optimistic, as an industry that is the founda-

tion of the American economy and lifestyle.

Here are my top 10 reasons to be excited

about agriculture, in no particular order.

First, growing emerging markets in

the world are demanding more food, fiber

and fuel. Jeff Simmons, one of my former

students at Cornell University and president

of Elanco Animal Health, provides evidence

for this hypothesis in his research. Simply

put, it is called the 50-100-70 Rule. By the

year 2050, the world population will need

100 percent more food, fiber and fuel, and

70 percent will be produced by technology-

enhanced efficiencies. As emerging nations’

standards of living rise, agricultural indus-

tries aligned with these nations have a

splendid opportunity to capitalize on these

trends. Producers also have an opportunity

to be part of something bigger by fulfilling

these demands to feed and clothe the nation

and world.

Second, agriculture is five dimensional,

providing food, fiber, fuel, products for the life

sciences, and life experiences or agri-enter-

tainment. Thinking outside the box will be a

critical skill. It will be important to understand

that one must think globally and then bring

that relevance to your operation and apply it

with the resources and talent available.

Third, there will be more opportunity in

the next 10 years than the last 40 years. That

being said, there will be more opportunity to

fail as well because the stakes are higher, with

more volatility at the extremes. This volatil-

ity will actually create opportunity. The key

is to have a business positioned to proac-

tively capitalize on opportunities. Timing is

important in any business’ success.

The intergenerational transfer of farm

businesses provides opportunities for young

people in farm and non-farm families.

Twenty-one percent of farm families have

no next generation of farm management,

providing the opportunity for young aspiring

agriculturalists to align with an older gener-

ation producer outside the family. Both

models can be successful for producers who

are willing to give up control in order to

continue the legacy of the farm and nurture

the next generation.

The future of agriculture is very exciting

because there is not “one size that fits all.”

There will be a growing market in certain

areas for the business model that provides

local, natural and organic products. Many of

these businesses will be entrepreneurial, with

a need for flexibility, efficiency, and systems

management with strong business planning

skills and execution. The traditional midsized

farm that focuses on efficiency in agriculture

with a modest living withdrawal supple-

mented by non-farm income will be prevalent

as well. Of course, the large complex agribusi-

ness with multiple owners and parties will

require high business management acumen.

Agriculture can be very profitable. An

examination of the top 20 percent of agri-

cultural producers on farm record databases

finds that the average return on assets every

year since 1995 is above 10 percent. This

group includes a wide range of commodi-

ties operating in all types of economic and

weather cycles. However, on the downside,

The 21st Century Legacy of Agriculture By: Dr. David M. Kohl, Professor Emeritus at Virginia Tech


the low 20 percent showed a negative return,

suggesting a widening gap of profitability

between the “status quo” producers and those

who strategize and implement best manage-

ment practices.

Young producers have access to strong

networks of support and education. The

young producer educational programs

offered by Farm Credit associations on

business and financial topics are classic

examples. Others in the industry are support-

ive on either a group or one-on-one basis by

forming strategic alliances to provide educa-

tional experiences to improve the industry.

Being able to network via technology

using social media, and receive training via

video conferencing or webcast, along with

traditional face-to-face methods facilitates

leadership. It also equips leaders not only

for the business, but for community policy,

decision making, and public relations at the

local, state and national level. These opportu-

nities are only limited to one’s time, imagina-

tion and energy.

Speaking of technology, the convergence

of biotechnology, engineering and informa-

tion technology will provide opportunities

for the younger generation who have a good

advantage in the adoption of new methods.

The key will be to adopt practices and tech-

nology consistent with your resources and

business philosophy.

Finally, being a young producer who is

successful in the new era will require balance.

That is, business success will be measured

by return on assets, while lifestyle success is

measured by “return on life” with proper allo-

cation of “return on energy” in business and

life. Many producers in face-to-face learning

programs will tell me that the best crop they

raise is their children or others they mentor.

These 10 perspectives on the agricul-

tural industry truly create an attractive envi-

ronment to carry on the legacy of agriculture

and the lifestyle it can provide.

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Being able to network via technology using social media, and receive training via video conferencing or webcast, along with traditional

face-to-face methods facilitates leadership.


CoMMuNITy NEwS & EVENTS

Nine high school graduates from across south-

eastern North Carolina have been awarded

scholarships from Cape Fear Farm Credit.

Cape Fear Farm Credit bases its scholarship

program on academic excellence, extracur-

ricular activities, work experience and the

student’s commitment to southeastern North

Carolina agriculture and rural development.

One FFA Scholarship was awarded in

the amount of $2,000 per year for up to four

years. Cape Fear Farm Credit also awarded

seven At-Large Scholarships in the amount

of $500 each and one Diversity Scholarship

in the amount of $500. To be eligible for the

At-Large and Diversity Scholarships, the

student must be the child or grandchild of a

Cape Fear Farm Credit member.

“Cape Fear Farm Credit sees the impor-

tance of supporting our youth and investing

in the future of agriculture and our rural

communities. These young students are

extremely bright, and we look forward to the

impact they will have on the rural areas of

southeastern North Carolina,” stated CFFC

President Michael Jackson.

Local Students awarded cape fear farm credit Scholarships

“Cape Fear Farm Credit sees the importance of supporting our youth and investing in

the future of agriculture and our rural communities.”

—CFFC President Michael Jackson

Caroline Clement,

daughter of CFFC

m e m b e r s S t e w a r t

and Allison Clement,

g r a d u a t e d f r o m

Midway High School.

She plans to attend

North Carolina State University where she

will major in agriculture education.

At-Large Scholarship Recipients:

Michael Bailey ,

grandson of CFFC

members Tommy and

Bonnie Stone, is a

graduate of Lumberton

Senior High School. In

the fall, he plans to

attend North Carolina State University where

he will major in chemical engineering.

C o r e y C a i s o n ,

grandson of Elon and

Gail King, graduated

from West Brunswick

High School. He plans

to attend Cape Fear

Community College

in the fall where he will major in radiography.

Caroline Clement,

daughter of CFFC

m e m b e r s S t e w a r t

and Allison Clement,

r e c e i v e d t h e F F A

Scholarship and is

also the recipient of

an At-Large Scholarship.

FFA Scholarship Recipient: Diversity Scholarship Recipient:

Kayla Locklear ,

member Pete Locklear

and Kendra Deese-

Locklear, graduated

from Purnell Swett

High School. In the

fa l l , she plans to

attend the University of North Carolina at

Pembroke where she will major in biology.


David Dail, grandson

of CFFC member

Norwood Dail, grad-

uated from East Duplin

High School. He plans

to attend the Univer-

sity of North Carolina

at Pembroke in the fall where he will major in

environmental science or environmental studies.

Ashtin Ferrell, daughter of CFFC member

Joe Ferrell, is a graduate of Cape Fear

Christian Academy. In the fall, she plans to

attend the University of North Carolina at

Wilmington where she will major in biology.

Gary Greene, son

of CFFC members

Randy & Nena Greene,

graduated from West

C o l u m b u s H i g h

School. He plans to

attend the University

of North Carolina at Chapel Hill in the fall

where he will major in biology and chemistry.

Bryan Lewis, son

of CFFC members

Robert & Jo Ann

Lewis, graduated from

Fairmont High School.

He plans to attend the

University of North

Carolina at Chapel Hill where he will major

in pre-pharmacy.

Erin Strickland ,

daughter of CFFC

member Thomas G.

Strickland, Jr., is a

graduate of Midway

High School. She will

attend the University

of North Carolina at Wilmington in the fall

and major in biology and pre-dentistry.

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The first Heifer Showdown, coordi-

nated by the Sampson County Coop-

erative Extension, was held on April

28, 2012, at the Sampson County Livestock

Facility in Clinton, N.C. This Cape Fear

Farm Credit sponsored event was attended

by youth from 10 counties. Forty-one heifers

were exhibited by 22 youth ages 5–18 in

breeding and showmanship classes. All

exhibitors were given a choice of an imprinted

“Heifer Showdown” bucket or hat for a prize

in completion of the showmanship classes.

Highlights for the show were Holly

Price of Johnston County, awarded Grand

Champion Heifer, and Wyatt Kendall of

Sampson County receiving Reserve Grand

Champion Heifer. Champion Showmanship

winners receiving $50 cash were: Junior-

Logan Murphy of Jones County, Intermedi-

ate-Jordan Kennedy of Lenoir County and

Senior-Carlie Piercy of Sampson County.

First Heifer Showdown Held in Sampson County

When you begin talking to Carlie Piercy

about showing cattle she just lights up,

and her passion for showing and caring

for her heifers is very evident. Carlie is

the daughter of Clinton Cape Fear Farm

Credit members Jammie and Kim Piercy

of Sampson County.

Carlie has a set routine every day

to precondition her heifers, so they are

ready for each show. There are many

factors that go into livestock shows, and

for this young lady, she takes it seriously.

Unlike the majority of showmen who

begin around eight or nine years old,

Carlie was 12 years old when she took up

the hobby. So she could grow and develop,

she learned through doing research and

talking to older showmen and friends in

the circuit that were willing to pass along

their knowledge and share techniques.

She enjoys every minute of it and has

been very successful in the two years she

has been showing. She was thrilled that

Sampson County was holding its very

first heifer show, and she and her family

were very instrumental in finding a show

sponsor. Carlie did not want money to

hinder an opportunity for youth to partici-

pate in the spring show.

Currently, Carlie is active in the 4-H

livestock program, a member of the North

Carolina Junior Gelbvieh Association and

is currently serving as vice president of the

North Carolina Junior Red Angus Asso-

ciation. For this young lady, showing and

taking care of her heifers is not work; it is

a hobby that has taught her a great deal

about responsibility and dedication.

Youth Spotlight – carlie Piercy

carlie Piercy (right), champion Showmanship winner for the senior division, pictured with Nelson Powell, clinton branch manager

the clinton branch presents carlie Piercy with a sponsorship check for the first Heifer Showdown in Sampson county. (L-r) Sylvia Fryar, Brad Bass, Vickie Giddens, Gloria Chalk, carlie Piercy and Nelson Powell


Union High School Senior Blake

Thompson was recently selected as a

Park Scholar. He is one of 45 scholars

that received the scholarship amongst a pool of

nearly 1,500 applicants. His parents, John and

Deborah Thompson, are Cape Fear Farm Credit

members and are extremely proud of their son

and look forward to seeing what he will achieve

while attending North Carolina State Univer-

sity. Blake plans to double major in agricultural

and mechanical engineering, and his long-term

plans are to land a career with John Deere and

design specialty agricultural equipment.

The first recipient from Union High

School and one of the youngest scholars at 16

years old, Blake believes that a great deal of

his dedication and desire to succeed is a direct

result of growing up on a farm in Sampson

County. As a youngster, his father would

always tell him working in the turkey houses

and around the farm would make him a better

person in the future. Blake also feels that his

school, community and church involvement

helped mold and guide him to success.

About three years ago, the Thompson’s

decided to embark on a new family venture

and started a vineyard to sell table grapes.

The vineyard came to fruition as a result of

the family exploring retirement options and

looking at a way to stabilize a field from wind

erosion. They are using organic production

methods, and they have even made some of

the equipment used for the vineyard. Blake

enjoyed designing and welding the vineyard

sprayer and said that has always been his

passion, which led him to choose the career

path that he will be pursuing in the fall.

John and Deborah both grew up on

farms and thought it was important to raise

their sons on a farm as well. John stated,

“There’s nothing I like better than farming.

I thank God every day for putting us in this

country, this county and this rural setting.”

Blake will embark on the next chapter of his

life in a few short months, but he will take

with him all the lessons learned on the farm

and in his community and church.

a view of the thompson family’s vineyard in Sampson county

(L-r) Blake thompson, Park Scholar, with parents deborah and John thompson, and Nelson Powell, Clinton branch manager, and Brad Bass, Clinton loan officer

Local Student Named Park Scholar



Cape Fear Farm Credit recently partici-

pated in the 2012 Community Tour along

with many cooperatives from across North

Carolina. The bike tour began on May 12

in Miami, Fla., and continued up the East

Coast to Portland, Maine, on July 7 with eight

major stops along the way. Durham, N.C.,

was included in one of the major stops where

various cooperatives across the state joined

to celebrate the cooperative business model,

the importance of community, and a day full

of fun for the whole family. This community

tour coincides with the 2012 International

Year of Cooperatives which was recognized

by the United Nations.

The children of Edgewood Elementary School

were thrilled to have their own chicken

coop. Katherine Hyatt, science lab teacher at

Edgewood Elementary School, was instru-

mental in having a chicken coop built for the

Junior FFA chapter members at the school.

This Junior FFA chapter is part of FFA’s

PALS Program that partners with the White-

ville High School FFA chapter, where White-

ville High School FFA members help teach

the elementary students about agriculture.

Katherine Hyatt states, “This is a tremen-

dous benefit to the elementary children and

the high school members have to volunteer

their time.” She hears a lot of parents talk

about growing up on a farm, and they fear

that their children would not know about

farm life. Through their studies and hands-on

learning, the children had always hatched

eggs and always wanted to keep them. To

see that the children could raise the chickens,

Cape Fear Farm Credit’s Whiteville branch

donated funds to build a chicken coop. Now

the children are able to continue to watch

the lifecycle of the chicken. After the chicken

coop was built, one of the PALS meetings was

focused on “The Hen Dance,” educating the

students on the lifecycle of chickens.

cape fear farm credit Participates in 2012 community tour

Rod Lusk, CFFC loan officer, talking to a representative from Cabot Creamery

edgewood elementary School teaches Students about agriculture

(From the left): Hayleigh Fisher, Anett Maldonado, Becky Thompson, consumer loan officer in the cffc Whiteville branch, Qrana McKay, Katherine hyatt, science lab teacher, omarion richardson, christopher elkins, and Jonathan hammond. Mrs. hyatt is holding rocky, one of the school’s chickens.


aSSociatioN NeWS

A big benefit of doing business with Cape

Fear Farm Credit is patronage time where our

members get to share in the success of the

cooperative. In celebration of our members

and the ability to share in the profits of Cape

Fear Farm Credit, each branch office held a

local patronage celebration event. Branches

held breakfast, lunch or dinner events, and

the highlight of the events was the chance to

pick up patronage checks!

Members Celebrate in Cape Fear Farm Credit’s Success!

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aSSociatioN NeWS

Three southeastern North Carolina agribusiness leaders were recently elected to fill positions on the board of directors of Cape Fear Farm Credit.

Ronald J. Allen of Bladenboro, P. Jart Hudson, Jr., of Turkey, and Gene S. West, Jr., of Newton Grove were elected to serve four-year terms as

directors for the Association.

Local farmers elected to cffc Board of directors

Ronald Allen is

a lifelong resident

of Bladen County

w h e r e h e h a s

f a r m e d s i n c e

1990. His farming

operation consists

of swine, poultry,

cattle, hay and a hunting preserve. Allen is

retired from Southeastern Regional Medical

Center. He has been a Farm Credit member

for 21 years, and has served as a director for

nine years. He is a member of Hickory Grove

Baptist Church. Allen also serves on the

boards of the Four County Electric Member-

ship Cooperative and the Bladen County Soil

and Water Conservation District.

Jart Hudson, Jr.,

i s a n a t i v e o f

Sampson County

where he has been

f a r m i n g f o r 2 9

years. Hudson’s

farming operation

cons is ts o f row

crops, tobacco, cotton, swine, sweet potatoes

and peanuts. He has been a Farm Credit

member for 20 years, and he has served as

director for nine years. Hudson serves on the

boards of Tri-County Gin and the Tobacco

Growers Association of N.C. He is also a

member of First Baptist Church.

Gene West, Jr., is

a lifelong resident

o f S a m p s o n

County and has

b e e n f a r m i n g

for 30 years. His

operation consists

of row crops, swine,

cotton, and he is the owner of a cotton gin.

West has been a Farm Credit member for 27

years and director for one year. He is also a

member and deacon at Oak Grove Free Will

Baptist Church.

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Tobacco barns across North Carolina

represent an industry that has been an

important part of the state’s economy

for many, many years. These barns also

represent family, hard work, dedication, live-

lihood, passion and the list goes on. With the

changes in curing tobacco, traditional flue-

cured tobacco barns are rapidly disappearing.

To help preserve part of our history,

we will be collecting photos of traditional

flue-cured tobacco barns from across our

12-county territory (Bladen, Brunswick,

Columbus, Cumberland, Duplin, Harnett,

Hoke, New Hanover, Pender, Robeson,

Sampson and Scotland). Take

part in this project and send in

your tobacco barn photo with

the location (county and town)

of the tobacco barn, brief history and your

contact information.

Are you using your tobacco barn in a

creative way? If so, be sure to share that with

us too. We plan to use some of these photos

in an upcoming issue of Cape Fear Country,

so be sure to send in your photo. A piece of

your family history might be featured in our

magazine.

The deadline to submit tobacco barn

photo(s) is November 1, 2012.

Ways to submit your photo(s):

• via email to:

[email protected]

• mail to:

Cape Fear Farm Credit

Attn: Marketing Department

PO Box 2405

Fayetteville, NC 28302

Tobacco Barn—A Piece of North Carolina History

Farmers are our business…We speak your language.

Crop insurance (multi-peril and crop hail) Poultry and livestock houses • Life insurance

Health insurance • Annuities

384 West Depot Street PO Box 158 • Angier, NC 27501

919-639-2025 • 1-800-655-8106

www.stuartsurlesinsurance.com

Serving local farmers and ranchers in NC, SC, VA, MD and DE.

aSSociatioN NeWS

Evan Kleinhans joined Cape Fear Farm

Credit as the chief financial officer on

December 1, 2011. He attended East Carolina

University where he obtained his Bachelor

of Science in Business Administration with

a concentration in management in May

2005. He also attended graduate school at

East Carolina University and obtained his

Master of Business Administration with a

concentration in finance in May 2009. Prior

to joining Cape Fear Farm Credit, Evan was

vice president of finance and accounting for

Information Sciences Consulting, Inc. He is

a member of The American Finance Asso-

ciation and Financial Management Associa-

tion International. Evan and his wife, Katie

Kleinhans, currently reside in Stedman, N.C.

Evan enjoys spending time with family and

friends, fishing, boating and playing golf.

Sharon Smith has been promoted to the

position of loan officer/controller. Sharon

has been employed with Cape Fear Farm

Credit since 2005, and served as a credit

analyst and loan officer during her tenure

with the Association. She will continue to

serve as a loan officer in the Capital Markets

Division and is also serving as a controller

in the Finance & Operations Division of the

Association. Sharon received a bachelor’s

degree in accounting from Fayetteville State

University as well as an associate’s degree

from Sampson Community College. She

lives in Clinton with her husband, John, and

their two sons, Peyton and Preston. She is

a member of the Sampson County Partners

for Healthy Carolinians and leader of Fitness

Pals through the Sampson County Extension

Volunteer Organization.

Welcome New Employee

Employee Promoted


Cape Fear Farm Credit is now accepting applications for Ag Biz Planner, an online educational opportunity for young, beginning, small, and minority farmers

offered by Farm Credit University and partially funded through a grant from the N.C. Tobacco Trust Fund Commission. If you are interested in applying or learning more, visit our website at capefearfarmcredit.com, and click on the link under the Announcements section. Application deadline is September 3, so apply today!


t idBitS

Baby Announcement

Newsworthy Members and Employees

Raeford members Zach Walton and April

Dederick welcomed a son Hucks Leon

Walton on March 7, 2012. He weighed 9

pounds 3 ounces and was 22 inches long.

Congratulations on the newest addition!

Congratulations to Kenansville members

Bradley and Kay Leigh Parker. They welcomed

a daughter Sylva Leigh Parker on November

18, 2011. Sylva weighed 7 pounds 9 ounces and

was 20 ¼ inches long.

Sylva Leigh Parker

Clinton member William Bullard was recognized by Butterball as the Brooder of the Year

in 2011. Congratulations!

Karli Moore, daughter of Lumberton members Eddie and Tyra Moore, was recently

awarded a Park Scholarship to attend N.C. State University. Congratulations for this great

accomplishment! william Bullard

surrounding areas. This family offers tours

of their operation multiple times a year

to church groups and children in hopes of

educating these groups about the importance

of agriculture and how their food makes it to

the dinner table.

The family is honored to receive the

2012 NC A&T State University Small Farmer

of the Year award. Ada restated some of the

comments she shared at the Small Farms

Week Banquet at A&T in Greensboro where

they were presented with the award. She said

that receiving the award was not about any of

them individually; it was about the blessings

that God had given them. They have asked

God for guidance in all they have done over

the years.

The Beatty’s have been doing business

with Cape Fear Farm Credit since 2004, and

they expressed what a great relationship they

have with the Elizabethtown office. “We’ve

never asked for anything we didn’t get, when

we needed it. They are always timely,” Albert

stated. Ada went on to say, “It is so pleasant

to walk in the office in Elizabethtown. They

always take a minute to chat with you. We

appreciate Cape Fear Farm Credit; I don’t

know any other way to put it.”

Congratulations to the Beatty family

of Bladen County for this outstanding

recognition!

coNtiNued froM Page 7

albert Beatty (center) with daughter Sonya (left) and wife, ada (right)


reciPeS

Summertime Mealsrecipes courtesy of family features

When it’s time to fire up the grill, go beyond

the bun this season with succulent pork

ribs. Armed with these juicy tips and a great

recipe, you’ll be ready to grill with the best—

and that could mean big prizes for you.

the rib Basics Need a rundown on ribs? The National Pork

Board has the tips and tricks you need to know

to take your grilling game to the next level:

• Back ribs originate from the blade and

center section of the pork loin, which is

known for the “finger meat” between the

bones. Back ribs also are referred to as

“baby” back ribs because they are smaller

than spareribs.

• Spareribs, usually larger and heavier than

back ribs, are known for their delicious,

meaty pork flavor.

• Dry rubs are a mixture of herbs and spices

applied to ribs just before barbecuing to

create an intensely flavorful, smoky crust.

• Ribs are often basted with sauces during

the barbecuing process to enhance flavor

and to create a sweet and savory glaze. For

best results, brush ribs generously during

the last 30 minutes of cooking.

• Always use tongs, not a fork, to turn ribs as

they cook—piercing the meat causes juices

to escape.

• When grilling ribs, adding aromatic wood

chips like hickory, apple or oak to the

preheated coals infuses the meat with

the distinctive smoky flavor prized in

authentic barbecue.

Think you have a winning rib recipe? Enter the “Dibs on My Ribs Pork Recipe

Cookoff.” Visit www.porkbeinspired.com/dibsonmyribs and enter your original

sparerib recipe before August 12, 2012. All entries must use a minimum of three

ingredients, including pork spareribs, at least one McCormick spice or seasoning

product, and at least one Kraft Foods BBQ sauce (if recipe requires a sauce).

Two Grand Prize winners will receive a one-year supply of groceries and the

chance to attend the 2013 Memphis in May BBQ Event in Memphis, Tenn. Visit the

website for complete rules and entry form.


Sweet, Spicy and Smoky SpareribsServes 6

Prep Time: 10 minutes

Cook Time: 2 hours

Ingredients:

5 pounds spareribs, cut into 4-rib slabs

1 tablespoon smoked sweet paprika

1 tablespoon kosher salt

2 teaspoons dried oregano

2 teaspoons cumin, ground

1 teaspoon ground chipotle chiles or

chili powder

1 teaspoon garlic powder

1 teaspoon onion powder

1/2 cup honey, heated until liquid

Directions:

1. Mix paprika, salt, oregano, cumin,

chipotle or chili powder, garlic powder

and onion powder together in small bowl.

Sprinkle generously over both sides of

ribs. Let stand at room temperature while

preparing grill.

2. Prepare outdoor grill for indirect

medium-hot grilling. For a gas grill,

remove cooking grates. Preheat grill on

high. Turn 1 burner off. Place disposable

aluminum foil pan over off burner and

add 2 cups water to pan. Replace grates.

Adjust heat to 350°F. For a charcoal

grill, place disposable aluminum foil pan

on 1 side of charcoal grate. Build fire on

opposite side, and let burn until coals

are coated with white ash. Spread coals

in grill opposite pan and let burn 15 to

20 minutes. Add 2 cups water to pan.

Position cooking grate in grill.

3. Lightly oil cooking grate. Place ribs over

foil pan and cover grill. Cook, adding

water to pan as needed, until ribs are

browned, fork-tender, and meat pulls

away from end of bone, about 2 hours.

(For charcoal grill, add 10 briquettes to

fire every 45 minutes to maintain heat.)

During last 20 minutes, occasionally

brush both sides of ribs with warm honey.

4. Let stand 5 minutes, cut into ribs, and

serve hot.

cookout PotatoesServes 8

Prep Time: 30 minutes

Grill Time: 60 minutes

Ingredients:

Non-stick cooking spray

1 medium onion, halved and thinly sliced

1 1/2 pounds Yukon gold potatoes, very

thinly sliced

1 1/3 cups shredded low-fat sharp

cheddar cheese

1/3 cup real bacon bits

1/3 cup chopped bell pepper (any color)

1/2 teaspoon garlic salt

Directions:

1. Spray 9 x 9 x 2-inch foil pan liberally with

nonstick cooking spray.

2. Place half the onions, potatoes, cheese,

bacon bits, bell pepper and garlic salt in

pan. Repeat layers.

3. Cover tightly with foil; grill over medium

heat for 1 hour, rotating pan occasionally

to avoid hot spots.

Nutrition Facts: Calories: 140; Fat: 2.5g;

Cholesterol: 10mg; Sodium: 370mg; Vitamin

C: 45% daily value; Fiber: 1g; Protein: 10g;

Potassium: 720mg


reciPeS

frozen grape and Banana Skewers with chocolate drizzleThese delightful frozen treats are healthy, too.

Serves 4

Ingredients:

2 firm ripe bananas

2 tablespoons orange juice

1/2 cup red grapes (about 16)

1/2 cup green grapes (about 16)

8 10-inch wooden skewers

1 1/2 ounces dark chocolate (60 to 70 percent

cocoa solids), finely chopped

Directions:

1. Line a baking sheet with wax paper. Cut

the banana into 1/2-inch-thick rounds.

Place in small bowl and toss gently with

the orange juice.

2. Skewer fruit, alternating two grapes for

each piece of banana, and place fruit

skewers onto lined tray.

3. Place chocolate in small microwave safe

bowl. Microwave for 1 minute, then stir

well, and microwave another 10 seconds

if necessary to melt chocolate.

4. Using a spoon, drizzle melted chocolate

onto fruit skewers.

5. Place the tray in the freezer for at least 2

hours. Once frozen, skewers may be trans-

ferred to a sealable plastic bag where they

will keep in the freezer for up to a week.

Allow to soften at room temperature for 5

minutes before eating.

f iNaNciaL rePort


The shareholders’ investment in the association is materially affected by the financial condition and results of operations of AgFirst Farm Credit Bank. Copies of AgFirst’s quarterly and annual financial reports to shareholders are available free of charge at www.agfirst.com, or by writing to AgFirst Farm Credit Bank, Financial Reporting Department, P.O. Box 1499, Columbia, SC 29202-1499.

Consolidated Statements of Income

(unaudited)

Consolidated BalanceSheets

March 31, December 31,

(dollars in thousands) 2012 2011

(unaudited) (audited)

AssetsCash 176$ 334$ Investment securities: Held to maturity (fair value of $2,548 and $2,565 respectively) 2,392 2,392

Loans 1,317,777 1,298,556 Less: allowance for loan losses 7,380 8,088

Net loans 1,310,397 1,290,468

Accrued interest receivable 5,896 5,539 Investments in other Farm Credit institutions 27,147 27,573 Premises and equipment, net 3,698 3,661 Other property owned 2,140 2,276 Due from AgFirst Farm Credit Bank 3,021 14,620 Other assets 4,830 5,474

Total assets 1,359,697$ 1,352,337$

LiabilitiesNotes payable to AgFirst Farm Credit Bank 1,074,975$ 1,075,338$ Accrued interest payable 1,999 2,136 Patronage refunds payable 761 14,339 Other liabilities 25,523 13,029

Total liabilities 1,103,258 1,104,842

Commitments and contingencies

Members' EquityCapital stock and participation certificates 10,869 10,924 Surplus Allocated 129,471 128,951 Unallocated 116,120 107,637 Accumulated other comprehensive income (loss) (21) (17)

Total members' equity 256,439 247,495

Total liabilities and members' equity 1,359,697$ 1,352,337$


Interest IncomeInvestment securities 37$ 37$ Loans 17,018 16,902

Total interest income 17,055 16,939

Interest ExpenseNotes payable to AgFirst Farm Credit Bank 6,446 6,921

Net interest income 10,609 10,018 Provision for (reversal of allowance for) loan losses (731) 204

Net interest income after provision for (reversal of allowance for) loan losses 11,340 9,814

Noninterest IncomeLoan fees 483 478 Fees for financially related services 297 199 Patronage refunds from other Farm Credit institutions 3,021 3,261 Gains (losses) on other property owned, net (59) (997) Gains (losses) on sales of rural home loans, net 40 82 Gains (losses) on sales of premises and equipment, net 30 13 Other noninterest income (expense) 136 (10)

Total noninterest income 3,948 3,026

Noninterest ExpenseSalaries and employee benefits 4,299 4,123 Occupancy and equipment 307 307 Insurance Fund premiums 133 158 Other operating expenses 1,449 1,401

Total noninterest expense 6,188 5,989

Income before income taxes 9,100 6,851 Provision for income taxes 70 48

Net income 9,030$ 6,803$

ended March 31,

AgChoice Farm Credit, ACA

Consolidated Balance Sheets

Consolidated Statements of Income(unaudited)

For the three months

March 31, December 31,


(unaudited) (audited)

AssetsCash 176$ 334$ Investment securities: Held to maturity (fair value of $2,548 and $2,565 respectively) 2,392 2,392

Loans 1,317,777 1,298,556 Less: allowance for loan losses 7,380 8,088

Net loans 1,310,397 1,290,468

Accrued interest receivable 5,896 5,539 Investments in other Farm Credit institutions 27,147 27,573 Premises and equipment, net 3,698 3,661 Other property owned 2,140 2,276 Due from AgFirst Farm Credit Bank 3,021 14,620 Other assets 4,830 5,474

Total assets 1,359,697$ 1,352,337$

LiabilitiesNotes payable to AgFirst Farm Credit Bank 1,074,975$ 1,075,338$ Accrued interest payable 1,999 2,136 Patronage refunds payable 761 14,339 Other liabilities 25,523 13,029

Total liabilities 1,103,258 1,104,842

Commitments and contingencies

Members' EquityCapital stock and participation certificates 10,869 10,924 Surplus Allocated 129,471 128,951 Unallocated 116,120 107,637 Accumulated other comprehensive income (loss) (21) (17)

Total members' equity 256,439 247,495

Total liabilities and members' equity 1,359,697$ 1,352,337$


Interest IncomeInvestment securities 37$ 37$ Loans 17,018 16,902

Total interest income 17,055 16,939

Interest ExpenseNotes payable to AgFirst Farm Credit Bank 6,446 6,921

Net interest income 10,609 10,018 Provision for (reversal of allowance for) loan losses (731) 204

Net interest income after provision for (reversal of allowance for) loan losses 11,340 9,814

Noninterest IncomeLoan fees 483 478 Fees for financially related services 297 199 Patronage refunds from other Farm Credit institutions 3,021 3,261 Gains (losses) on other property owned, net (59) (997) Gains (losses) on sales of rural home loans, net 40 82 Gains (losses) on sales of premises and equipment, net 30 13 Other noninterest income (expense) 136 (10)

Total noninterest income 3,948 3,026

Noninterest ExpenseSalaries and employee benefits 4,299 4,123 Occupancy and equipment 307 307 Insurance Fund premiums 133 158 Other operating expenses 1,449 1,401

Total noninterest expense 6,188 5,989

Income before income taxes 9,100 6,851 Provision for income taxes 70 48

Net income 9,030$ 6,803$

ended March 31,

AgChoice Farm Credit, ACA

Consolidated Balance Sheets

Consolidated Statements of Income(unaudited)

For the three months

Cape Fear Farm CreditP.O. Box 2405Fayetteville, NC 28302

PrSrt Stdu.S. PoStage

P a i dcoLuMBia ScPerMit 1160

Keep your family afloat.

WithCapeFearFarmCredit’slifeinsuranceoptions,youcanrestassuredthatyourfamilyisprotected.Giveusacalltolearnmoreandfindouthowtokeepyourfamilyafloat! “Where your interest pays dividends!”

800.368.5819 | www.CapeFearFarmCredit.com

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