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For Immediate Release
January 10, 2003

Austin, Texas - The Tenth District Farm Credit Council recently elected Jon M. “Mike” Garnett, a farmer from Spearman, Texas, to represent the district on The Farm Credit Council Board of Directors. Ray Young of Wisner, La., also was elected to represent the Tenth District on the national Farm Credit board.

The Tenth Farm Credit District is composed of the Austin-based Farm Credit Bank of Texas (FCBT) and 22 local credit cooperatives in Alabama, Louisiana, Mississippi, New Mexico and Texas. It is the largest rural financing organization serving the five-state region.

Garnett has been a member of the FCBT Board of Directors since 1999 and has been vice chairman since January 2000. Prior to joining the board, he was a director of the Pampa-High Plains Federal Land Bank Association (later Panhandle-Plains FLBA) for 23 years and served as the association’s board chairman from 1995 to 1998. He is a former member of the FCBT Retirement Committee.

A Texas Tech University graduate, Garnett is active in his local community. He produces wheat, alfalfa and forage crops, feeds stocker cattle, and operates a custom haying and baling business. He is a former consumer co-op director, Spearman Chamber of Commerce director and Spearman Independent School District board member. Currently, he is Perryton Branch president of The Church of Jesus Christ of Latter-day Saints.

His one-year term on The Farm Credit Council board begins in January. The council is the national trade association of the Farm Credit System and represents the system’s legislative and regulatory interests.