North Carolina Agricultural Finance Authority

Commission Details

Board Website Board Website
Long Name North Carolina Agricultural Finance Authority
Department Agriculture
Governor Appointments 3
Total Board Positions 10
Cite Name N.C. Gen. Stat.
Cite Number § 122D-4
Ethics 1
Term Length 3 Years - 2 consecutive
Purpose Empowered to alleviate the severe shortage of capital and credit available at affordable interest rates for investment in agriculture and for export of agricultural products, commodities and services by providing such capital and credit at interest rates within the financial means of persons and businesses engaged in agriculture and agricultural exports. **SENATE BILL 823 (1) Make clarifying, conforming, and technical amendments; (2) modify environmental reporting requirements, (3) abolish obsolete and inactive councils; (4) extend by one year the time for the development of permanent rules related to water conservation pursuant to section 3 of S.L. 2002-167; (5) provide for staggered terms for the members of the Agricultural Finance Authority, to make appointments to the authority, and specify the maximum number of successive terms that members of the authority may serve and (6) prohibit the sale or dispensing of raw milk, and to provide for filling in legislative appointments in certain circumstances.

Current Members

Member Name Term Start Date Term End Date Term Type Position Requirements
Meghann Lambeth July 2, 2023 July 01, 2026 Limited Member At-large
Phillip C. Farland July 2, 2024 July 01, 2027 Limited Member At-large
Angela W. Maier July 2, 2024 July 01, 2027 Limited Member At-large
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