Farm transitions can be challenging, especially without the right support.
When Taylor Huffman’s dad passed away, she and her husband Brandon were faced with a challenging decision: to keep the 95-year-old family farm in business or transition to try something new. The farm had been a part of Taylor’s life for as long as she could remember. Those memories and her heritage helped her decide, with the help of Farm Credit, to take on the challenge and forge ahead with the farm.
In the Good Times and Bad
Together, Taylor and Brandon worked with MidAtlantic Farm Credit throughout the farm transition. “As long as we were able to keep paying our mortgage, Farm Credit said ‘don’t sweat it, nothing’s going anywhere,’” recalled Taylor.
This came as a monumental relief to the Huffmans. “Everything that’s here is everything I’ve ever known and if it was all just taken away I would have been devastated. We’re really grateful that we had the opportunity to keep trying, to keep going with the farm.”
Taylor’s father had a strong relationship with his loan officer at MidAtlantic Farm Credit and it was John who was there to support Taylor through the transition. “I called John several times crying, saying ‘John, how are we going to do this?’ and he was always there as a friend and a loan officer,” Taylor said.
“John was willing to make it work for us. He fought for us and kept us positive when we were down,” added Brendon. “It’s been everyone with Farm Credit that we’ve worked with, it has been the same attitude.”
Farm transitions can be challenging, as the next generation takes on financial responsibility and learns what it means to manage the business, as well as farm operations. “Having a good lender on your side is important, and I can always trust that Farm Credit gets it done. We’re very thankful for Farm Credit and what they do for people with dreams,” Taylor said.