Farm Credit System
09/22/2022 | Press release | Distributed by Public on 09/22/2022 12:40
Farm Credit Urges Swift Approval of Board Nominee
WASHINGTON, D.C. - Today, the U.S. Senate Agriculture, Nutrition, and Forestry Committee held a hearing to consider Vincent Logan's nomination to the Farm Credit Administration (FCA) Board of Directors. As demonstrated at today's confirmation hearing, Mr. Logan's considerable experience in financial services and his previous government policy experience make him a well-qualified candidate for this important and open FCA Board position.
"Mr. Logan is well-qualified to serve on the FCA Board, and we encourage the Senate Agriculture Committee and U.S. Senate to move swiftly to confirm his nomination to fill this important open position," said Farm Credit President and CEO Todd Van Hoose.
Members of the three-person FCA Board are nominated by the President and confirmed by the Senate. If confirmed, Mr. Logan will fill a vacant position and is expected to be designated as the Chairman of the Board. The terms for the two other FCA board positions are expired with current occupants continuing to serve. "It is imperative that FCA continues to have a fully functional board, and we urge the Biden Administration to quickly bring forward nominees for the two expired FCA Board positions," Van Hoose said.
About Farm Credit: Farm Credit supports rural communities and agriculture with reliable, consistent credit and financial services, today and tomorrow. It has been fulfilling its mission of helping rural America grow and thrive for more than a century with the capital necessary to make businesses successful and by financing vital infrastructure and communication services.