This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Farmer Mac Announces Two New Presidentially Appointed Directors

WASHINGTON, April 5, 2012 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced that former Iowa Governor Chester J. Culver of West Des Moines, Iowa and Dr. Bruce J. Sherrick of Champaign, Illinois were sworn in as members of the Board of Directors of Farmer Mac this week after confirmation by the U.S. Senate last week.

Gov. Culver and Dr. Sherrick, who were nominated by President Obama prior to their confirmation and swearing-in, join Lowell Junkins (Chairman), Sara Faivre-Davis, and Myles Watts as members of Farmer Mac's Board who have been appointed by the President of the United States.  Gov. Culver replaces Julia Bartling, and Dr. Sherrick replaces Glen Klippenstein, former Vice Chairman, on Farmer Mac's Board of Directors.  At its regularly scheduled meeting today, the Board elected Dr. Watts as its new Vice Chairman.

Gov. Culver stated, "I am optimistic about the limitless potential rural America has to both feed the world and help secure this country's energy future.  I am deeply committed to providing a stable financial backbone for rural America, and I am grateful for the opportunity to serve on Farmer Mac's Board of Directors."  Dr. Sherrick stated, "I believe that the importance of stable and reliable access to credit in rural America cannot be understated.  I am looking forward to serving as a member of Farmer Mac's Board and working within the Corporation to continue to bring these capital and risk management tools to rural America."

Chairman Junkins said, "On behalf of Farmer Mac, I would like to extend a warm welcome to the new members of the Board of Directors.  Farmer Mac is uniquely positioned to offer solutions to rural lenders that bring added credit opportunities for farmers, ranchers, and rural businesses, including rural utility cooperatives.  Our two new directors will bring valuable skills that will enhance the expertise of Farmer Mac's Board as we strive to fulfill our Congressional mission.  We look forward to working with the new directors to further this mission and in so doing help to ensure the continued growth and prosperity of rural America."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs