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Landscapes, Winter 2008

NEWS BRIEFS

Young Leaders Get Up-Close Look at Farm Credit

Bob and Marilyn Garber

Fifteen young Farm Credit borrowers had a firsthand look at the nationwide Farm Credit System during the third-annual Farm Credit Young Leaders Program in early October. The participants met with System and political leaders in Washington, D.C., before heading to New Jersey to visit the Federal Farm Credit Banks Funding Corporation, where they met with the funding corporation’s president, Jamie Stewart.

With the flurry of activity surrounding the global credit crisis, it was critical timing for the young leaders to hear from the top about the continuing strength of the Farm Credit System and what Farm Credit lenders need to do to ride out the economic storm. In particular, Stewart told the group that the Farm Credit System must exercise conservative judgment in terms of growth and credit quality.

Group participants also toured an independently owned brokerage house, where Farm Credit debt is traded on Wall Street.

The trip itinerary was designed to give young borrowers the “big picture” of Farm Credit, and to educate them about where their loan money comes from and how their local lending cooperatives fit into the overall Farm Credit structure.

Join the Conversation at FindFarmCredit.com

Do you wish there was an online resource for everything you need to know about buying rural property, applying for a loan or getting a rural appraisal? Or perhaps you’d like to have a place where you can swap stories with other folks about the challenges and joys of country living.

Bob and Marilyn Garber

If so, then check out the new, improved version of www.FindFarmCredit.com.

Packed with Landscapes magazine articles, Farm Credit financing information and a rural property search feature, the site is like a welcome wagon for those who are new to the country. It is also a resource for prospective Farm Credit customers.

In a section called “Get the Most Out of Your Land,” you can join the conversation with loan officers who are blogging, as well as with Farm Credit’s very own country living blogger. This blog offers a light-hearted look at living and working in the country. Read it and let us know why you love the country life.

More Landscapes articles, blog posts and country living resources will be added over time, so bookmark FindFarmCredit.com, tell your friends about the site, and come back often.

Farm Credit Bank of Texas Ranked 34th Largest Co-op

The Farm Credit Bank of Texas has once again ranked among the top largest 50 cooperatives in the United States. This year, the bank ranked 34th on the Co-op 100 list, a list of the nation’s top revenue-generating co-ops. Last year, the bank ranked 43rd.

The Farm Credit Bank of Texas was one of 14 financing cooperatives on the list, which together represented revenue totaling $22.7 billion. Agriculture co-ops represented the largest sector, with 40 co-ops that had revenue totaling $78.9 billion.

Other companies on the list included well-known co-ops, such as Ocean Spray, Sunkist and Ace Hardware. The Co-op 100 list is compiled by the National Cooperative Bank and released each October as part of National Cooperative Month. It is the only list of its kind to track revenues generated by co-ops.

The Farm Credit Bank of Texas provides funds and services to the 19 lending cooperatives in the Tenth Farm Credit District.