Chico, CA – In an effort to help grow the next generation of farmers and ranchers, Golden State Farm Credit is committing up to $60,000, in an effort to support the sale of local 4-H and FFA livestock.
Due to the need for social distancing because of COVID-19, many counties have canceled their local fairs. The cancellation of these events has impacted 4-H and FFA youth livestock projects. The transactional process of purchasing and selling farm animals provides young people the opportunity to learn essential life skills such as communication, cooperation, responsibilities, and food production. The money they receive from the sale of their animals also covers the cost of raising these animals, which can be a substantial financial investment.
Fair organizers are taking advantage of virtual auctions as a replacement to the traditional onsite events. In order to ensure each participant’s animal is sold, Golden State Farm Credit will be distributing up to $60,000 towards purchasing, add-ons, and contributing to a pool of funds that will buy livestock that receive low or no bids.
Rob Faris, President and Chief Executive Officer at Golden State Farm Credit, states “We understand the importance of supporting our local youth as they are the farmers and ranchers of tomorrow. We are proud to contribute to the purchase of their livestock projects and continue our commitment to building a lasting legacy.”
Golden State Farm Credit will be taking part in the following county and local fairs – Tehama, Glenn, Porterville, Silver Dollar, Kings, Shasta, Butte, Intermountain, Tulare and Fresno.
“We are thankful to companies like Golden State Farm Credit, for the continued support of the junior livestock sale! In a time of uncertainty one thing is for sure, our community always rallies around these kids.” said Mandy Staley, CEO, Tehama District Fair.
Golden State Farm Credit continues to look for ways to strengthen our rural communities while being a financial source of funds for local farmers and ranchers.
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Golden State Farm Credit is a premier employer and borrower-owned cooperative, dedicated to providing reliable credit and financial services to rural agricultural communities located in Northern and Central California. Golden State Farm Credit is focused on helping agriculturalist reach their goals with mortgage and commercial loans, competitive interest rates, equipment leasing, appraisal services, and a special lending program for Tomorrow’s Farmers. Find out more about Golden State Farm Credit at www.goldenstatefarmcredit.com/or call 800.834.8698.