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Farm Credit Celebrates 100 Years with a Presidential Message
Importance of Reliable, Consistent Credit for Rural America and Agriculture Acknowledged in Presidential Message, Congressional Resolutions and Comments from Agriculture Secretary
Stockton, CA | American AgCredit, a farmer-owned financial cooperative, is celebratingFarm Credit’s 100th anniversary on July 17, 2016. In recognizing the organization’s milestone, the President of the United States shared a message of appreciation, the House of Representatives and the Senate both introduced resolutions to commend and congratulate the Farm Credit system, and Agriculture Secretary Tom Vilsack lauded the organization’s role in American agriculture and spoke to its ongoing importance to the future.
“By providing loans and financial services to farmers and communities through its network of cooperatives, the FCS [Farm Credit System] plays an integral role in local economies across the United States,” said President Barack Obama. “I commend everyone working to ensure America’s farmers, ranchers and rural communities have the resources and information they need to thrive, and I wish all those celebrating this historic occasion the very best.”
The House of Representatives resolution (H.Res.591) is jointly sponsored by U.S. House Agriculture Committee Leaders Mike Conaway (R-TX), Collin Peterson (D-MN), Austin Scott (R-GA), and David Scott (D_GA) and co-sponsored by more than 160 other members of the House. The Senate resolution (S.Res.349) was introduced by Senate Agriculture Committee leaders Pat Roberts (R-KS) and Debbie Stabenow (D-MI) and co-sponsored by 56 other senators, including representatives from California, Kansas, Oklahoma and Colorado. Both resolutions received bi-partisan support and applaud Farm Credit for helping to meet the credit and financial services needs of rural communities and agriculture.
“Farm Credit is made up of dedicated Americans who understand the needs, and champion the values, of rural America,” said Congressman Austin Scott (R-GA), chairman of the House Agriculture Subcommittee on Commodity Exchanges, Energy, and Credit. “For a century Farm Credit has been providing our farmers, ranchers and rural communities with the capital they need to build and grow successfully.”
Secretary Vilsack attended the Farm Credit 100 luncheon on June 16 in D.C. The event recognized the organization’s anniversary as well as the honorees of Farm Credit’s Fresh Perspectives search. The Fresh Perspectives program identified leaders and visionaries in agriculture and rural America that are shaping the next 100 years.
“The rural communities and the farm community trusts Farm Credit to be there in the good times, but more importantly, in the tough times,” said Secretary Vilsack. “Over the course of the last 100 years, that trust has been cemented.”
Throughout the past year, American AgCredit has hosted a series of events focusing on the 100-year history of Farm Credit. The celebration will culminate with the recognition of a time capsule at the Kansas State Fair in Hutchinson, Kansas (September 2016). At that time, the time capsule will be filled with various artifacts highlighting agriculture and the Farm Credit System, and re-sealed for the next 50 years.
"It's been an honor to serve our customer-owners for the past 100 years,” said American AgCredit CEO Byron Enix, “and will continue to be as we work with the current and future generations to help agriculture and rural America thrive.”
About Farm Credit
Farm Credit supports rural communities and agriculture with reliable, consistent credit and financial services, today and tomorrow. Farm Credit has been fulfilling its mission of helping rural America grow and thrive for a century by providing farmers with the capital they need to make their businesses successful and by financing vital infrastructure and communication services. For more information about Farm Credit please visitwww.farmcredit.com.
About American AgCredit
Founded in 1916, American AgCredit is part of the nationwide Farm Credit System, and is the nation’s 6th largest Farm Credit cooperative. American AgCredit specializes in providing financial services to agricultural and rural customers throughout California, Nevada, Kansas, Oklahoma, Colorado, and New Mexico – as well as to capital markets customers throughout the country.
Financial services provided by American AgCredit include production and mortgage financing, equipment and vehicle leasing, crop and life insurance, lines of credit, and the Young, Beginning and Small Farmer Program. In addition, the Association provides interest-free loans for qualifying 4-H and FFA AgYouth programs, as well as college scholarships to young people interested in agriculture.