CONTENTS
MidAtlantic Farm Credit, ACA | 2019 ANNUAL REPORT
PRESIDENT’S MESSAGE
2
FINANCIAL HIGHLIGHTS
4
CONSOLIDATED FIVE-YEAR SUMMARY OF SELECTED FINANCIAL DATA
5
FOCUSED ON OUR COMMUNITIES
6
FOCUSED ON THE NEXT GENERATION OF AGRICULTURE
8
REPORT OF MANAGEMENT
10
REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING
12
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
14
DISCLOSURE REQUIRED BY FARM CREDIT ADMINISTRATION REGULATIONS
30
REPORT OF THE AUDIT COMMITTEE
38
REPORT OF INDEPENDENT AUDITORS
39
CONSOLIDATED FINANCIAL STATEMENTS
40
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
44
BOARD OF DIRECTORS
70
EXECUTIVE LEADERSHIP TEAM
72
FOCUSED ON WHAT MATTERS
1