and chicken processors will do a little better,” said Jordan, whose team at Univest, the old Union Trust Co. of Souderton, the biggest bank still based in the state’s southeast, finances 3,500 enterprises — “family-owned farms, closely owned businesses” — from Easton to Pittsburgh.Here are highlights from The Inquirer’s chat with Jordan, edited for clarity and brevity:2021 was a record year for us. 2022 is a record year also.
But here we also have the small family farms, and they are doing things very differently. Here, they are typically Plain-owned, Mennonite or Amish. The average Amish farm is 50 to 70 acres. They may be milking 50 to 70 cows. They may plant fruit and vegetables, with greenhouses. They are very diverse, and they do off-farm things to supplement their income. They’re in a welding shop. They sell things at retail.
I’ve been working with these farmers for 33 years now. We have had loan issues, but I don’t think we’ve ever lost money on a Plain farm. [Jordan was at the former National Penn Bank and other lenders before leading his team to Univest afterCulturally there’s a pride, a team spirit. They are willing to try to help each other and work things out.
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