Education opportunity for agricultural business students
Enfield, Conn. — Farm Credit East recently released a short video on the Farm Credit Fellows program, an educational program for college students interested in entering into an agriculturally-related business field.
Whether students are planning to return to the farm after graduation, pursue a career in agricultural lending or looking to enter another ag-related business field, this is a beneficial program to learn, hands-on, how the lending process works.
The Farm Credit Fellows program allows students to learn from many perspectives — both in the classroom and in the field. Each university’s program may vary depending on the professor and student’s objectives but the general outline is as follows: The program kicks off the spring of a student’s junior year, with a trip to Farm Credit East headquarters in Enfield, Conn. That summer, each student completes a week-long internship at a Northeast Farm Credit office to shadow the various job opportunities available in agricultural finance. The final semester of their senior year, the students participate in a class to understand the lending process.
At one university, the program ends with a case study completed by teams of students. The student teams receive a loan request and analyze it as a loan officer. They go out to the farm to meet with the producer and learn more about their business. They then put together a loan package with their final decision that they present to credit committee.
The Farm Credit Fellows program provides a great learning experience for students to apply what they learn in the classroom to real life situations. It also offers the opportunity to network with Farm Credit staff and producers.
Participants of the Farm Credit Fellows program include students from Cornell University, University of Connecticut, The University of Maine and The University of Vermont. The Farm Credit Fellows program is sponsored by Farm Credit East and Yankee Farm Credit. To view this short video and for more information on the program, visit FarmCreditEast.com.