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LOCATIONS
LEADER
is published quarterly for stockholders, directors, business associates and friends of Central Kentucky Ag Credit.
PRESIDENT AND CEO
Jonathan Noe
BOARD OF DIRECTORS
Alvin Lyons
Jim Rankin, III
Joe Myers, Chairman
Lee Blandford, Vice Chairman
Patrick Higginbotham
Mary-Lynn Hinkel
Dan Grigson
EDITOR
Cassie Johnson, Marketing Coordinator
PUBLISHER
AgFirst Farm Credit Bank
DESIGNERS
Joey Ayer
Gwen Carroll
Jessica Deas
Phereby Derrick
PRINTER
Professional Printers LLC
COVER PHOTO CREDIT
Kristyna Lewis
ADDRESS CHANGE
Address changes, questions, comments and requests to cancel your free subscription to the Ag Credit Leader should be sent to Central Kentucky Agricultural Credit Association by calling 859.253.3249 or mailing to PO Box, 4100 Lexington, KY 40544-4100.
FINANCIAL INFORMATION
The Farm Credit Administration does not require the association to distribute its quarterly financial reports to stockholders. Copies of the association’s annual and quarterly reports are available upon request free of charge by calling 859.253.3249 or writing to Thomas Whitaker, Chief Financial Officer, Central Kentucky Ag Credit, PO Box, 4100 Lexington, KY 40544-4100, or at AgCreditOnline.com
PRIVACY POLICY
Your online privacy is always a top concern at Ag Credit. For a complete copy of the latest version of the online privacy policy, please visit our website and click on the home page link.
NMLS#604727
Recent Land Sales 4 5 7 8 9 10 11 12 13 14 15 16 17 18 19
President’s Message
Annual Meeting
Canned Food Drive Brings Community Together to Help Others in Need
Boyle County Youth Give to Community
Lebanon Branch Hosts Customer Appreciation Day
Ag Credit Gives Back to FFA
Sowing Seeds of Support
Ag Credit attends KCA Convention
Ag Credit Hosts Third Annie’s Project
Growth Within Our Community
Central Kentucky Ag Credit Celebrate Customer Appreciation Day
Cultivate Visits Local Producer
Ag Leader of the Year
Manufacturer of the Year
Montgomery County Cattlemen’s Meeting
Marion County Farm to Fork
OAK Conference
Blandford Wedding
Central Kentucky Ag Credit Sponsors UK Ag Week
Farmer Appreciation Banners in Central Kentucky
CHALLENGES AHEAD, CHALLENGES BEHIND
By: President and CEO Jonathan Noe
How is it possible that another year has passed? Time flies when you’re having fun, but it also flies when you’re busy! At Central Kentucky Ag Credit, we’ve been busy dealing with a host of challenges over the past year. My message last year was about changing times, and we saw the impact of many of those changes in 2023. There weren’t just staffing changes or our Admin and Lexington branch office move. We also saw big changes that involved technology, interest rates, inflation, the real estate market and more. National and world events came home to central Kentucky and have, as a result, impacted us all. I can’t help but wonder if all this change is isolated or if we should just expect this rate of change going forward Regardless, while the 2023 was challenging in many ways, events of the past year have given me some new perspectives I’d like to share.
For starters, a significant change in agriculture for our territory has come in the form of “foreign” buyers of farm real estate. When I say “foreign,” I don’t necessarily mean buyers from other countries, although that’s sometimes the case. I am describing buyers of land who are not from within the central Kentucky area. It’s been amazing to see how often the buyers of raw land and ag real estate are from different parts of our own state, other states and even other nations. There seems to be a large migration of people from more urban areas, where real estate and costs of living are higher than those of the rural areas in our territory.
This influx has driven land values up because these buyers are willing to pay more for the land than most of us who already live and operate here. As a result, our farmers and member-borrowers are looking more closely at how they might expand their own farms and operations. As an ag lender, we’ve had to do some reevaluating as well. For example, we’re reconsidering our marketing methods, as we can no longer rely on our good name alone to reach potential borrowers. We’re now focused on how we can reach potential customers who aren’t from here and have never heard of us before. We’ve certainly been challenged to adapt to a new dynamic in our market, and I’m confident that our team will meet the challenge head on.
We can all relate to this next challenge created by the national economy, and it’s none other than inflation. I’ve already mentioned the higher cost of living due to inflation,
which grew at rapid pace for most of 2023. In response, the Federal Reserve increased interest rates to cool down the economy. While we can debate the effectiveness of this strategy, there’s no doubt that it has created a difficult lending and borrowing environment. For our farmers, profit margins have been decreased by increasing production and interest costs. And interest rates, which have more than doubled since 2021, have slowed the demand for borrowing money. As a result, business owners, farmers and families must more carefully consider the total costs of borrowing money.
If that wasn’t enough, we were also challenged by technology changes that had an impact on every aspect of our business. While we knew the changes were coming, the reality is that there will always be aspects of change you can’t prepare for. That is exactly what we experienced over the past year. The Association updated and replaced several systems in 2023, but the most significant technology upgrade involved the replacement our loan accounting system, which literally touches every other system we use. Quite honestly, we avoided upgrading the system for some time because we knew how involved the implementation would be. Then, we finally reached the point where we could wait no longer. I’m sure you’re well aware of the speed at which technology is changing, and you either change with it or get left behind.
Whether these challenges will soon pass or are longlasting, the past year has given me great reassurance that we at Ag Credit can handle them. I’ve come to a greater realization of the value of being part of a true cooperative. Because we’re part of the Farm Credit System and affiliated with the AgFirst District, we have the support of a nationwide organization that pulls together as one when faced with challenges.
We’re also able to weather the storm due to the resolve of you, our local member-borrowers, who deeply love our Central Kentucky territory. This combination of local ownership and national support is what allows us to have the best of both worlds. We aren’t left on an island to struggle through the challenges of our national economy, nor are we so far removed that we can’t understand and manage the challenges of our local economies. Central Kentucky Ag Credit remains strong in a challenging environment and is here to provide you with a reliable source of financing with the same customer service you have come to know – and expect.
Over 360 member-borrowers turned out for great food and fellowship during Central Kentucky Ag Credit’s annual stockholder meetings held March 4-5 in Lexington and Harrodsburg.
Now in their 90th year, the meetings were highlighted by presentations from Board Chair Alvin Lyons, who summarized major milestones of the past year, and Association President and CEO Jonathan Noe, who provided a financial recap of 2023. Noe told attendees that Ag Credit achieved $13.7 million in net income for the year, with a capital level of $143.8 million and an average growth rate of 10%.
HUNDREDS TURN OUT FOR ANNUAL STOCKHOLDER MEETINGS
Noe also announced that $4.9 million in patronage would be distributed in April to qualifying Ag Credit customer-owners. The Association has distributed more than $57 million in patronage over the past 26 years.
If you’d like to learn more about Ag Credit’s financial operations, visit our website at https://www. agcreditonline.com/about-us/financial-reports to download our 2023 Annual Report, which was mailed to borrowers in March.
2025 NOMINATING COMMITTEE
Five member-borrowers were elected to Central Kentucky Ag Credit’s 2025 Nominating Committee during the Association’s annual stockholders’ meeting held March 4-5. The committee will recommend candidates for open, non-appointed director seats in 2025. Newly elected committee members are:
• Charlie Edgington
• Patrick Horn
• Jason Groth
• James Mattingly
• Greg Harris
Member-borrowers will vote for Board candidates during Ag Credit’s next Annual Meeting.
Attendees register at the Harrodsburg meeting. James Rankin speaks to the voters.
Turnout was high at the Harrodsburg meeting.
Board Chairman Alvin Lyons addresses attendees.
LYONS RE-ELECTED TO AG CREDIT BOARD
James Alvin Lyons has been reelected to Central Kentucky Ag Credit’s Board of Directors for a four-year term. He was first elected to the Board in 2001 and previously served as vice chair.
Lyons and his wife, Debbie, own 320 acres and lease an additional 400 acres on several farms in Scott County. Their farming operation consists of corn, soybean, wheat, alfalfa hay, straw, cow-calf production and background feeder cattle.
In addition to the Ag Credit Board, Lyons serves on the Scott County Farm Bureau and Scott County Beef Improvement boards. He previously served on the AgFirst Farm Credit Bank Board as well.
RANKIN RE-ELECTED TO AG CREDIT BOARD
James C. Rankin III was recently re-elected to the Board of Directors for a four-year term. The election followed the completion of the Annual Stockholders Meetings. He was first elected to the Ag Credit Board in 2012.
Mr. Rankin is a full-time farmer with a diverse background. His farming operation consists of a cow/calf operation producing feeders and replacement heifers. He produces his own forages for his operation with any excess being sold off farm. Along with this, he does custom services on a limited basis for neighbors and friends. He operates on 115 owned acres along with 130 acres leased.
He is a member of the Christian Church Disciples of Christ. He is a graduate of the University of Kentucky with a degree in agriculture. Mr. Rankin and his wife, Elizabeth, have two sons actively engaged in farming with their wives.
AG CREDIT EXTENDS APPRECIATION TO STEVEN WAYNE KELLY
Serving on the Ag Credit Board of Directors not only requires a significant time commitment but also a deep understanding of agricultural economics. The Board of Directors and staff of the Association are deeply grateful for individuals who are willing to serve as stewards.
Steven Wayne Kelly of Anderson County extended his willingness to serve on the Central Kentucky Ag Credit Board of Directors during the 2024 election. Aside from his involvement in the purebred Charolais business in prior years, Kelly retired from state government in 2018. He served in the budget departments for both the Transportation Cabinet and the Department of Agriculture. In addition, he served as Chief of Staff for Agriculture Commissioner Jamie Comer. During this time, he also served as interim CEO for the Kentucky Fair Board, and eventually as Director of Expositions. While James Rankin was re-elected, Ag Credit offers its appreciation to Steven Wayne Kelly for his readiness to serve on the Ag Credit Board of Directors.
CANNED FOOD DRIVE BRINGS COMMUNITY
TOGETHER TO HELP OTHERS IN NEED
In a heartwarming display of community spirit, Ag Credit recently hosted a food can drive to support local families in need. The monthlong initiative, held at the Association’s headquarters and various branch locations, collected nonperishable food items to stock the shelves of local food banks.
The drive prompted an overwhelming response from employees, customers and community members, all eager to contribute to this important cause. Over the course of the monthlong drive, the Paris branch emerged as the undisputed champion of this charitable contest. Paris branch employees collected 498 items, while the Lebanon branch secured a respectable second place by contributing 409 items.
“We’re thrilled with the community’s generosity and support,” said Shawna Dischler, Loan Assistant in Paris. Our mission extends beyond providing financial services; we are committed to making a positive impact in the communities we serve. This food drive is just one way we can give back and help those in need.”
The collected items were distributed to several local food banks that serve families and individuals facing food insecurity. These donations are especially vital as they help ensure that community members have access to nutritious food during challenging times.
Ag Credit plans to make the canned food drive an annual event, further solidifying its commitment to community support and engagement. The success of this drive has set a high standard for future initiatives, and the Association is already looking forward to finding more ways to enrich the communities within its territory.
If you’re interested in learning more about Ag Credit’s community initiatives or are looking for a way to get involved, visit our website at www.AgCreditOnline.com.
Lebanon Staff donating their food items.
The Gathering Place Mission in Georgetown.
Hope’s Helping Hands Food Bank Cynthiana.
Sterling Community Food Coalition.
Frye Memorial Food Pantry Winchester.
BOYLE COUNTY YOUTH GIVE TO COMMUNITY
Ag Credit partners with local organizations and young exhibitors to share harvested meat with the underserved.
The Boyle and Mercer County Youth Investment Sales have long been a cornerstone event that celebrates the hard work and dedication of young exhibitors who raise and showcase exceptional livestock. Ag Credit has taken their commitment to community service to an inspiring new level by donating harvested meat from the sale animals and giving it back to the community.
Ag Credit partnered with ProAg and Caverndale to donate the Boyle County meat to Sunrise Children’s Home, a local facility dedicated to providing care and support for children in need. This generous act ensures that the children at Sunrise have access to high-quality, nutritious meals. The Mercer County meat was donated to the Harrodsburg United Methodist Church, which sponsors a free weekly community feeding program.
The decision to donate was driven by a desire to give back to the community and help those who might not have access to fresh, locally sourced meat. The donation not only provides immediate nutritional benefits but
also teaches the youth involved about the importance of community service and the positive impact of agricultural pursuits.
This heartwarming gesture underscores the values of compassion and generosity that are integral to the Boyle and Mercer County Youth Investment Sale. It also highlights the significant role that agriculture and youth programs play in fostering a sense of responsibility and community engagement among young people.
As we celebrate these young exhibitors, we also recognize the broader community’s support, which makes such impactful contributions possible. These sales are more than just events – they’re a testament to the power of youth in agriculture.
Principal Loan Officer Brad Godbey and Loan Officers Beth Mobley and Randa Morris celebrate with local exhibitors.
Young exhibitors proudly display harvested meats that are being provided to the underserved.
Central Kentucky Ag Credit’s Lebanon Branch joined forces with Lawson’s Tractor and Implement, as well as T&H Feed Service/Rogers Fertilizer Services, to host a spectacular Customer Appreciation Day Oct. 7. The event was a resounding success, drawing a large crowd of attendees eager to celebrate and connect with their local agricultural community.
LEBANON BRANCH HOSTS CUSTOMER APPRECIATION DAY
The Lebanon Branch serves as a beacon of support for farmers, ranchers and rural communities across the region. With a steadfast commitment to providing financial solutions tailored to the unique needs of agricultural enterprises, the branch plays a pivotal role in nurturing the growth and prosperity of the local farming community.
The event offered attendees a chance to mingle, network and exchange insights and experiences with fellow members of the agricultural community.
AG CREDIT GIVES BACK TO FFA
Matherly opens floral shop, thanks to FFA grant funded by Ag Credit
Washington County High School student and FFA member Mary Beth Matherly recently applied for a Kentucky State FFA grant that allowed her to start her own floral arrangement business.
With funds donated by Central Kentucky Ag Credit, Mary Bettie’s Bouquets offers an impressive array of arrangements, as well as wreaths centerpieces. “The most challenging part of my business has been discovering production costs, but with the help of the kind donation from Ag Credit, it has been more feasible,” Matherly said, adding that her family and teachers also provide a healthy shot of motivation.
Matherly’s Christmas arrangements.
Matherly’s holiday bouquets are ready for delivery.
Ag Credit customers enjoy their meal.
Loan Assistant Jill Hardin helps a guest register for a chance to win door prizes.
CENTRAL KENTUCKY AG CREDIT LAUNCHES FARM-TO-TABLE INITIATIVE SOWING SEEDS OF SUPPORT
In a heartwarming display of community support and agricultural advocacy, Central Kentucky Ag Credit recently embarked on a unique farm-totable initiative that not only celebrates local youth but also brings together farmers and ranchers in a deliciously meaningful way. With a commitment to promoting local agriculture and fostering connections within the community, Central Kentucky Ag Credit has found a recipe for success that combines tradition, innovation and a whole lot of flavor.
The journey begins with a visit to local Youth Investment Sales, where Ag Credit representatives engage with young 4-H’ers passionate about agriculture. Recognizing the importance of investing in the future of farming, the organization purchases country hams from these budding entrepreneurs, providing them with a valuable opportunity to showcase their hard work and dedication.
But Ag Credit’s involvement doesn’t end there. Armed with these locally sourced country hams, the organization sets out to spread goodwill and gastronomic delight at the local stockyards. Here, amid the hustle and bustle of livestock trading, farmers and ranchers are greeted with the irresistible aroma of freshly baked country ham biscuits, lovingly prepared by the Central Kentucky Ag Credit team.
The gesture goes beyond mere sustenance; it’s a gesture of appreciation for the tireless efforts of those who work the land day in and day out. As farmers
and ranchers gather to enjoy the hearty fare, camaraderie flourishes and bonds are strengthened, forging a sense of solidarity within our agricultural community.
Central Kentucky Ag Credit’s farmto-table initiative exemplifies its deeprooted commitment to supporting local agriculture and fostering connections that extend beyond financial transactions. By bridging the gap between generations and celebrating the rich tapestry of rural life, they sow the seeds of a vibrant and resilient agricultural community.
In a world where the pace of life often seems to accelerate, initiatives like these serve as a poignant reminder of the importance of slowing down, savoring simple pleasures and cherishing the connections that nourish the body and soul. Ag Credit’s farm-to-table journey is not just about food; it’s about cultivating a culture of care, collaboration and community.
As the scent of country ham biscuits wafts through the air and laughter fills the stockyards, it’s evident that Central Kentucky Ag Credit’s farm-to-table initiative has struck a chord, resonating with all who partake in its bounty. In a world where gestures of kindness can sometimes feel few and far between, it’s heartening to see an organization like Ag Credit leading the charge, one biscuit at a time.
Paris Loan Officers serving biscuits at the Paris Stockyards.
Loan Officers Patrick Durham and Cole Mattingly talking with local producers.
Lexington branch at the Bluegrass Stockyards.
Lebanon branch serving biscuits.
Sr. Loan Officer Chris Cooper and Loan Officer Bethany King.
AG CREDIT ATTENDS KCA CONVENTION
Convention offers Ag Credit team the ideal venue to connect with area cattle producers
As a trusted financial partner to farmers and ranchers throughout Central Kentucky, Central Kentucky Ag Credit recognizes the importance of actively engaging with the agricultural community and staying abreast of industry developments. The Kentucky Cattlemen’s Association Convention was an ideal platform for the organization to connect with clients, network with fellow professionals and gain valuable insights into the challenges and opportunities facing the cattle industry.
Throughout the convention, which was held Jan. 1012 in Lexington, Ag Credit representatives participated in seminars, workshops and panel discussions covering a wide range of topics, including market trends, best practices in herd management and strategies for
mitigating risk. By staying informed and engaged, the organization reaffirmed its commitment to providing tailored financial solutions and personalized service to meet the evolving needs of its clients.
The convention also gave the Ag Credit team the opportunity to strengthen relationships with existing clients while forging new connections within the agricultural community. From casual networking sessions to more formal meetings, the organization seized every opportunity to listen to producers’ concerns and aspirations while reaffirming its role as an ally in their success.
Ben Robin participates in a podcast.
David Shumate, who won the YETI cooler, celebrates with Loan Officers Randa Morris and Abigail Mattingly.
John Peek chats with convention attendees at the YETI giveaway table.
Sr. Loan Officer SaraVard Von Gruenigen and Loan Officer Randa Morris talk with attendees.
AG CREDIT HOSTS THIRD ANNIE’S PROJECT
Annie’s Project: Initiative helping women in agriculture thrive
Central Kentucky Ag Credit teamed up for the third year to host Annie’s Project, a national initiative designed to support and empower women in agriculture.
Annie’s Project is a national educational program that provides women involved in farming and ranching the knowledge, skills and resources necessary to successfully manage agricultural enterprises. The program focuses on five key areas: financial
management, human resources, legal issues, marketing and production. Through a series of interactive sessions, participants engage in hands-on activities, discussions, and networking opportunities that address the unique challenges faced by women in agriculture. The program
This year’s Annie’s Project graduates.
also encourages the development of leadership and decision-making skills, which are crucial for managing the complexities of today’s agricultural businesses.
This year’s sessions brought together a diverse group of participants from various agricultural backgrounds March 12 through April 16 at Ag Credit’s Lexington location. Attendees benefited from expertled workshops, real-world case studies and peer-to-peer learning experiences. Topics ranged from farm financial statements and budgeting to risk management and succession planning, ensuring that participants left with a comprehensive understanding of both the strategic and operational aspects of farming.
Ag Credit’s involvement in Annie’s Project underscores its broader mission of nurturing the agricultural community. By facilitating educational initiatives like this, Ag Credit aims to build a more resilient and knowledgeable farming sector that is capable of adapting to evolving industry demands.
Ag Credit is proud to be an integral part of Annie’s Project because we recognize the vital role that women play in the agricultural industry. By hosting this program, we strive to help women enhance their professional development, gain confidence in their abilities and connect with other like-minded individuals.
GROWTH WITHIN OUR COMMUNITY
Loan Officer Billy Cameron and Loan Assistant Tara Davis attended the Garrard County Growth within Our Community event, held Jan. 8 at Garrard County High School. Created to help ease the transition from middle school to high school, the orientation event offered students insights into high school credits, class scheduling processes and potential career opportunities.
CENTRAL KENTUCKY AG CREDIT CELEBRATE CUSTOMER
APPRECIATION DAY
On April 9th, Central Kentucky Ag Credit hosted its annual Customer Appreciation Day, a beloved tradition marking a special day for both the organization and its valued customers. Each branch welcomed its patrons with a warm and hearty breakfast and lunch, creating a festive atmosphere that underscored the organization’s gratitude for the community’s continued support.
A highlight of the day was the distribution of the annual Patronage Checks, a significant event that has been a cornerstone of Ag Credit’s relationship with its members for the past 27 years. This year, over 602 customers visited their local branches to receive their checks, a testament to the enduring trust and partnership between Ag Credit and the agricultural community it
The annual Patronage Checks are a tangible reflection of Ag Credit’s commitment to sharing its financial success with its customers, reinforcing the cooperative principle that members should benefit from the profits generated. This practice not only provides financial returns but also fosters a sense of shared purpose and community.
As Central Kentucky Ag Credit continues to support the agricultural sector, events like Customer Appreciation Day highlight the strong bonds and mutual respect between the organization and its members. Here’s to many more years of successful collaboration and community spirit.
Customers enjoy lunch at Ag Credit’s Paris branch.
Lexington Loan Officers Chuck Canter and Ben VanHook were all smiles on Customer Appreciation Day.
Regional Lending Manager Kelli Buckley hands out a patronage check.
Danville customers partake in great food and fellowship.
Sr. Loan Officer John Peek hands out a patronage check.
Loan Officer Cole Mattingly hands out a patronage check.
Sr. Loan Officer Chris Cooper enjoys talking with Richmond customers.
CULTIVATE VISITS LOCAL PRODUCER
Young, beginning and small (YBS) farmers and ranchers participating in Ag Credit’s Cultivate program recently made an insightful farm visit to Clark Family Farms in Lexington to learn more about how sustainable agricultural practices impact high-quality beef production.
Cultivate was created to help grow tomorrow’s agricultural leaders within Ag Credit’s 17-county territory. The program enables YBS farmers to take their operations to the next level through educational experiences focusing on financing, marketing, production and more – all while networking with their peers.
Known for its grass-fed beef sold at the Marksbury Farm Market, Clark Family Farms provided a valuable educational experience that included a tour of the farm’s extensive facilities and lush pastures. The Clarks explained the benefits of grass-fed beef, including its superior nutritional profile and environmentally friendly production processes. This hands-on learning opportunity highlighted many of the intricacies and dedication required to run a successful and sustainable farming operation.
After the tour, attendees gathered for supper at the Bluegrass Stockyards in Lexington. The evening featured a compelling talk by Dr. Steve Isaacs, who discussed the Kentucky Ag Leadership Program, which develops future farming leaders by emphasizing the importance of leadership, innovation and continuous learning.
Ag Credit Board Member Patrick Higgienbotham was also on hand to share his insights about the responsibilities of the Association’s elected leaders. His discussion provided a broader perspective on
the governance and strategic planning involved in supporting and advancing the agricultural community through Ag Credit.
This combined farm visit and evening event was one of many that illustrates Ag Credit’s commitment to education and community engagement. By offering Cultivate participants both practical farm experience and exposure to leadership development, the Association continues to foster a well-rounded understanding of the agricultural industry, its challenges and its opportunities.
For more information about the Cultivate program, visit https://www.agcreditonline.com/resources/agcredit-cultivate.
Todd and Aaron Clark speak to the Cultivate members about their farm.
Loan Officer Ben VanHook speaks to the Cultivate group.
Ag Credit Board Member Patrick Higgenbotham shares his insights about the Board’s role.
Young, beginning and small farmers visit Clark Family Farms and Bluegrass Stockyards
AG LEADER OF THE YEAR
Congratulations to the Washington County FFA Chapter for being named the Agricultural Leader of the Year by the Springfield Chamber of Commerce! The award was sponsored by Central Kentucky Ag Credit. Chapter representatives celebrate their achievement with Loan Officer Abigail Mattingly and Chief Loan Officer and Vice President Richard Medley.
MANUFACTURER OF THE YEAR
Blandford Mills, a feed mill and farm supply store owned and operated by J.P. and Lee Blandford, was named Manufacturer of the Year by the Springfield Chamber of Commerce during its April 18 awards gala. Chief Loan Officer and Vice President of Ag Credit Richard Medley presented the award. Lee Blandford is a current member of the Ag Credit Board of Directors.
JP and Lee Blandford show their award with VP and CLO Richard Medley.
MONTGOMERY COUNTY CATTLEMEN’S MEETING
Josh Gentry receives a Kanga cooler as a door prize during a recent Montgomery County Cattlemen’s Association meeting from Shelby Wade Kirby, a loan officer at Ag Credit’s Paris Branch. Central Kentucky Ag Credit sponsored the meal during the event.
MARION COUNTY FARM TO FORK
Ag Credit’s Lebanon Branch recently partnered with the Marion County Cooperative Extension Service to host a farm-to-fork event for area fifth-graders. The students learned how our food moves from the farm through the local supply chain to our kitchen tables.
Regional Lending Officer Justin Craig and loan officers Abigail Mattingly and Patrich Durham recently took part in a farm-to-fork event for area students.
BLANDFORD WEDDING
Congratulations to J.P. and Lee Blandford, a Central Kentucky Ag Credit Board member, on their marriage! Lee Blandford is currently serving as a Board Member and Vice Chairman for Central Kentucky Ag Credit.
OAK CONFERENCE
Senior Loan Officer SaraVard Von Gruenigen and Loan Officer TJ Drury, represented Ag Credit at the OAK Conference in Frankfort. During the conference, TJ was able to discuss with others how we can help your achieve their financial goals.
Door prize winner Josh Gentry with Shelby Wade Kirby, a loan officer at Ag Credit’s Paris Branch.
Frankfort Loan Officer TJ Drury
Loan Officers Abigail Mattingly & Patrick Durham and Regional Lending Manager Justin Craig
JP and Lee Blandford pictured with their family.
CENTRAL KENTUCKY AG CREDIT
SPONSORS UK AG WEEK
We had a great time sponsoring Ag Week at the University of Kentucky, which took place the week of March 18. Central Kentucky Ag Credit was honored to sponsor this significant event, reaffirming our commitment to the future of agriculture and the next generation of agricultural leaders.
Ag Week brought together students, faculty and industry professionals in a dynamic celebration of agriculture. The event featured a diverse lineup of guest lectures, workshops, panel discussions and networking opportunities, all of which were aimed at advancing knowledge and fostering connections within the agricultural community.
Feedback from attendees has been overwhelmingly positive. Students expressed their gratitude for the chance to learn directly from industry professionals and gain hands-on experience that complements their
academic studies. Faculty members and industry leaders also appreciated the collaborative spirit and the platform to share their expertise.
As we reflect on this year’s Ag Week, we are filled with optimism for the future of agriculture. Central Kentucky Ag Credit remains dedicated to supporting educational initiatives and fostering growth within our community. We believe that by investing in events like Ag Week, we are helping to cultivate a prosperous future for farming and agribusiness.
Pictured are the student leaders who helped make Ag Week a success, along with Ag Credit President and CEO Jonathan Noe, Vice President and Chief Lending Officer Richard Medley, Vice President and Chief Risk Officer Shane Turner, and Regional Lending Managers Justing Craig, Joe Goggin, Kelli Buckley and Willie Wilson.
FARMER APPRECIATION BANNERS IN CENTRAL KENTUCKY
Ag Credit recently partnered with Raising Hope, an organization committed to ensuring the physical and mental health and safety of Kentucky’s farmers and farm families, to display banners across our region that thank our agricultural producers for the vital role they play in our communities and beyond. Thank you for dedicating your lives to feeding our families!
Pictured: Loan Officer Shelby Kirby and Senior Loan Officer Tom Zack with the Raising Hope sign at Montgomery Tractor Sales in Mt. Sterling.
University of Kentucky Ag Week Commodity Breakfast attendees.
RECENT LAND SALES
May & Parman Agency Inc
151 West Main Street | Lebanon, KY 40033
270-692-2153 | www.auctionsandhomes.com
Location 1:
Acres: 167.26
County: Marion
Date of Sale: 4/13/24
Selling Price: $1,214,307.60
Comments: Farm was a cattle farm with some cropland. Land only had about 65 feet of road frontage, along with 4 ponds and a barn with county water.
Location 2:
Acres: 216.59
County: Marion
Date of Sale: 3/9/24
Selling Price: $4,219,924.50
Description: Old 2-story farm house with a shop, tool shed and a barn.
Comments: Land was mostly cropland with lots of road frontage, just outside the city limits.
The information provided in this column is only a sample of the recent land sales in central Kentucky. Since there are many factors taken into consideration when a buyer and seller establish a price, sales may or may not reflect the current market value in any particular area and should not be used in lieu of a formal appraisal by a state certified real estate appraiser to establish a value for a particular tract of land.
ANDERSON
BOURBON BOYLE CLARK
MARION
MONTGOMERY SCOTT WASHINGTON WOODFORD
Central Kentucky Ag Credit PO Box 4100 Lexington, KY 40504
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