Release date: 3/12/2013
Jerry Rankin of Boyle County has been re-elected to serve a four-year term on the Central Kentucky Ag Credit Board of Directors. He has served as a director since 1996, and he is elected by the membership of Ag Credit.
Ag Credit is a financial cooperative that is owned by those who use the financial service of the cooperative. A wide range of financial services are provided to farmers and rural residents by Ag Credit throughout a 17-county region in Central Kentucky.
Mr. Rankin’s service on the Central Kentucky Ag Credit Board of Directors has taken place during a time when the agricultural lender has grown to its current level of $362 million in assets. During Mr. Rankin’s Ag Credit Board service, the association has also continued to distribute patronage to its member-borrowers, an amount that now historically tops $13 million.
During March and April of this year, Ag Credit will distribute a record patronage to member-borrowers of $1.8 million.
Mr. Rankin and his wife, Judy, own 981 acres and lease an additional 56 acres in Boyle County. Their farming operation consists of 100 acres of Burley tobacco, 116 acres of corn for silage and ear corn, and 75 acres of alfalfa/orchard grass that is square baled for feed and sale. They also maintain 250 purebred Angus cows and first calf heifers, and they sell 90-100 bred heifers and 95-100 fertility tested bulls annually.
Mr. Rankin also owns and operates Farmers Tobacco Warehouse in Danville, and is a former member of the Danville Tobacco Board of Trade. Jerry is a member, past president and director of the Boyle County Farm Bureau; a member of the Central Kentucky Angus Association; and a member of the Kentucky Cattlemen’s Association. In 2008, he received the Farm Bureau Award for Outstanding Service to Agriculture in Boyle County; and throughout his farm and business career, Mr. Rankin has earned numerous leadership recognitions.
He earned his B.S. Degree in Agriculture from the University of Kentucky, where he was a member and officer of the Delta Tau Delta Fraternity. He was also a two-year letterman in track at Eastern Kentucky University; was a member of the U.S. Army Reserve 100th Division; and he is a member of the Danville Presbyterian Church. Jerry and Judy are parents of three grown children, and five grandchildren.
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