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NEWS RELEASE

December 21, 2006

Contact: Rachel Hatch (309) 268-0222

 

1st Farm Credit Services board member sworn into FCA


 

NORMAL, Ill. – The U.S. Senate confirmed Leland (Lee) A. Strom for the Farm Credit Administration (FCA) Board. A former board member of 1st Farm Credit Services, Strom completed confirmation hearings with the Senate Agriculture Committee, and was sworn in last week.

"We are proud the President and the Senate are drawing on innovative and experienced people like Lee Strom to lead the way in agriculture," said 1st Farm Credit Services President/CEO Gary Ash. In compliance with the FCA, Strom has resigned his post on the 1st Farm Credit Services board.

The FCA Board is an independent agency in the executive branch of the U.S. government. The duties of the three-person board helps regulate the Farm Credit System, which is a nationwide financial cooperative lending to agriculture and rural America.

Strom, who lives in Elgin, Ill., is owner of a corn and soybean farm in northern Illinois. He has served on the 1st Farm Credit Board of Directors since 1981. "I am very honored to be considered for this role," said Strom. "I hope to be actively involved as a member of the FCA Board and offer my input on issues important to agriculture and rural America."

According to the Farm Credit Council, Strom’s term on the FCA will run until October of 2012. He will replace current FCA Board Member Doug Flory, whose term expires this year. For more information, contact the Farm Credit Administration, 703-883-4056.

 

 

 

 

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