Corey, age 32, has worked on dairy farms all of his life. In addition he served in the military for 6 years (he returned from a year long deployment in Afghanistan last December) and he ran his own concrete business. Corey’s wife Ann is currently a stay at home mom and is expecting their fourth child in February. Corey also does some snow plowing which provides additional income during the winter months.
During the 10 years that he worked for a local dairy farmer, Corey decided that dairy farming was what he wanted to do with his life. After he returned from Afghanistan last year he began managing a herd with the hope to buy the animals down the road. The opportunity to purchase those animals presented itself this fall.
Corey purchased a 50 cow organic Holstein herd with annual production of over 22,000 lbs/cow. He will rent the facilities and will have access to 60 acres of pasture land. Along with conventional financing, Corey applied for an investment through FarmStart to help fund the purchase of the herd.
Yankee's FarmStart Advisor for the Chapmans is Morgan Greenwood Rilling, a loan officer in the White River Jct. office. Morgan says: "The Chapmans are the type of people that the FarmStart program was designed for and their eagerness and drive makes me look forward to being their advisor. They were excited to be given the opportunity to have someone work with them on the financial aspects of their business and felt that they could benefit greatly from a relationship with FarmStart."
