The Heart of the Carolinas (HOTC) Three-Day Event and Horse Trials is pleased to announce Arbor One Farm Credit as the Volunteer Appreciation Sponsor for the May 3-7, 2017 event at Southern 8ths Farm in Chesterfield, SC.
Arbor One Farm Credit, of Florence, SC, is a branch of the nationwide Farm Credit System (FCS) and services the rural communities of the Pee Dee region of South Carolina. Arbor One was the original lender for the first 77 acres of Southern 8ths Farm and assisted in the purchasing of 1,000 additional acres over the past ten years.
“Arbor One not only helped me purchase the raw land but they also helped me build the house and my first barn,” said Southern 8ths Farm owner Brad Turley. “I’ve continued to use Arbor One ever since because they understand the needs of an agricultural property and their customer service is unparalleled. They are my go-to people for getting things done, and quickly. Arbor One is more than just a bank, they are a real financial partner.”
Turley and his partner Pati Martin can say from experience that Arbor One does things differently than other banks. Turley explained, “No other banks would lend me money on raw land. In fact, one of the local banks said that while I was personally qualified, my land didn’t fit their profile, so my application was rejected. Arbor One made it happen.”
Chartered by Congress in 1916, the FCS was created because back then land was not considered sufficient collateral for lending. Because property, machinery, seeds, labor and other necessities must be funded long before there are any profits from the product cultivated, even in this day and age it can be difficult to secure agricultural loans.
Arbor One’s lending arrangements are more realistic for farmers, operating on a payment timeline that reflects the growing season. For rural land owners, they offer long term loans up to 20 years with low down payments. Arbor One is also set up as a cooperative, so borrowers receive annual dividends.
Arbor One’s community involvement extends beyond financial lending. As the Volunteer Appreciation Sponsor for HOTC, Arbor One is contributing to the purchase of quality hats and stylish long-sleeved t-shirts given to the event’s volunteers, who are critical to the success of the competition.
“Brad and Pati have done a great job of making their dream a reality. Their commitment to the land is amazing and seeing them put passion into action is contagious,” said Jennifer King, Arbor One’s Marketing Specialist. “Equestrian tradition is important in South Carolina. What Brad and Patti are trying to do is a good thing for our region in terms of economic development. We applaud them for that and we’re glad to be a part of it.”
Arbor One functions with what they call the ‘on farm model’ where they make a point to visit their customers, see their property, and learn about their dreams. Arbor One’s support of HOTC is an inspiring extension of that model.
“Arbor One really keeps up with their members,” Turley said. “They stopped by the farm and asked if they could do something for the HOTC. I didn’t call them. They know how important this event is for the community and they wanted to help.”