2014 Annual Report

Page 31

Corner LLC (poultry), president of Twin Oak Farms, Inc. (grain), a partner and vice-president of JWL Enterprises (construction), and a partner in Don’s Seafood Restaurant. During 2014, he served 11 days at Association Board meetings and 48 days in other official activities including the Executive Committee, and was paid $30,245. His term of office is 2011 to 2015. Mr. Lambertson also currently serves on the Board of the Farm Credit Banks Funding Corporation, and served on the Farm Credit Council Board until his term expired on December 31, 2014. Days of service disclosed here for Mr. Lambertson as a member of the MidAtlantic Board do not reflect activities in his capacity as a Board member of the Farm Credit Council or the Farm Credit Banks Funding Corporation. For further information related to specific duties, compensation, and days served for the Funding Corporation, please see the Funding Corporation’s Annual Information Statement at www.farmcreditfunding.com. Paul D. Baumgardner, Vice Chairman, owns Baumgardner’s Hay and Straw and Baumgardner Farms Landscaping. He is also a beef farmer and farms a total of 750 acres. During 2014, he served 10 days at Association Board meetings and 35 days in other official activities including the Executive Committee (Vice Chairman), Audit & Review Committee, and Governance Committee, and was paid $24,460. His term of office is 2011 to 2016. Deborah A. Benner along with her husband, owns and operates Yippee Farms, consisting of four dairy facilities with over 975 cows and 950 heifers, and cultivating 700 acres of corn, alfalfa, rye and other grains. She serves as CEO of Yippee LLC, a holding company of Murgolo Books, a publishing subsidiary of the LLC. During 2014, Mrs. Benner served 10 days at Association Board meetings and 21 days in other official activities including the Audit & Review Committee and Governance Committee, and was paid $20,200. Her term of office is 2013 to 2016. Brian L. Boyd owns and operates a poultry production facility producing 860,000 broilers annually in 4 poultry houses on 55 acres. He owns and operates Boyd's Custom Planting, covering 2,000+ acres per year planting soybeans and small grains. He also is the owner and operator of Brian's Ag Service (renting 10 ag bagger units to local farmers) and owner of Boyd Boys LLC (custom combining and trucking). Within the last 5 years, he was also employed as a feed mill manager. In addition, he is a Board member of Lebanon County Extension, and serves on the South Lebanon Ag Land Preserve Committee. During 2014, Mr. Boyd served 11 days at Association Board meetings and 38 days in other official activities including the Executive Committee and Human Resources Committee (Chairman), and was paid $25,750. His term of office is 2014 to 2018. Gary L. Grossnickle, is a dairy and crop farmer, and President of Grossnickle Farms, Inc. His operation consists of 1,400 acres (650 owned) in cultivation and 250 cows and 220 replacement heifers. He is also involved in Grossnickle Limited Partnership, a real estate enterprise. During 2014, he served 11 days at Association Board meetings and 25 days in other official activities including the Audit & Review Committee and Human Resources Committee (Vice Chairman), and was paid $20,065. His term of office is 2011 to 2015.

Dale R. Hershey is a senior partner in Hershey Brothers Dairy Farm, managing the real estate and rental property aspects of the family business. Until 2010, he also managed the 300-cow dairy aspect of the business. The operation includes 225 acres of corn, alfalfa, soybeans, rye and barley. During 2014, Mr. Hershey served 11 days at Association Board meetings and 23 days in other official activities including the Human Resources Committee, and was paid $21,010. His term of office is 2011 to 2015. Mr. Hershey also serves on the Farm Credit Council Board of Directors, the AgFirst Farm Credit Bank Board of Directors (Chairman) and the AgFirst District Farm Credit Council Board (Chairman). Days of service disclosed here for Mr. Hershey as a member of the MidAtlantic Board do not reflect activities in his capacity as a Farm Credit Council Board member, or an AgFirst Board or committee member. For further information related to specific duties, compensation, and days served in those positions, please see the AgFirst Farm Credit Bank 2014 Annual Report at www.agfirst.com. Walter C. Hopkins and his son operate a dairy and grain farm consisting of 600 milk cows, 550 replacement heifers, and 1,000 acres of corn, alfalfa, grass and small grain. He owns and serves as President of Green Acres Farm, Inc. (dairy farm), and is manager of Lyon’s LLC (land holding company). During 2014, he served 11 days at Association Board meetings and 31 days in other official activities, including the Human Resources Committee, and was paid $24,715. His term of office is 2013 to 2017. Mr. Hopkins also serves on the AgFirst Farm Credit Bank Board of Directors and Compensation Committee, the AgFirst District Farm Credit Council Board, the AgFirst District Plan Sponsor Committee, and the AgFirst/Farm Credit Bank of Texas Benefits Committee. For further information related to specific duties, compensation, and days served in those positions, please see the AgFirst Farm Credit Bank 2014 Annual Report at www.agfirst.com. Anthony M. Ill was appointed as one of the Board’s outside directors effective January 1, 2015. He is a Certified Public Accountant (inactive), principal in Rock Glenn Advisors, LLC a consulting service, consulting in business plan development, financial planning and analysis, and related fields. His other recent professional experience includes Chief Financial and Operating Officer for Ripken Baseball, Inc. and CFO, financial recruiter, operations director, and president with firms including Planit Advertising, Inc., Stephen James Associates, Certis USA, Jewett Machine Manufacturing Company, and Banker Equipment Engineering Company. Since his appointment to the Board in January 2015, he serves on the Human Resources Committee. His term of office is January 1, 2015 through December 31, 2017. T. Jeffery Jennings operates a farm consisting of 100 head of beef cows, 80 head of stockers, poultry facilities with capacity for 13,000 breeder hens, and 500 acres producing corn, soybeans, barley, hay, pasture, and timber. He serves on the board of the Culpeper Farmers’ Cooperative. During 2014, Mr. Jennings served 10 days at Association Board meetings and 31 days in other official activities, including the Executive Committee and the Audit & Review Committee (Chairman), and was paid $24,410. His term of office is 2011 to 2015. Christopher J. Kurtzman served as one of the Board’s outside directors and its designated financial expert until his resignation from the Board in August, 2014. He retired from

MidAtlantic Farm Credit, ACA 29


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2014 Annual Report by MidAtlantic Farm Credit - Issuu