AgTexas Farm Credit Services Stockholders Participate in Farm Credit Young Leaders Program
LUBBOCK, Texas — Stacy and Amie Smith of New Home, Texas, recently got an inside look at how the Farm Credit System carries out its mission to provide dependable credit to agriculture and rural America. The Smiths, member-borrowers of AgTexas Farm Credit Services, were among 32 young agricultural producers selected to attend the 2013 Farm Credit Young Leaders Program.
Program participants first traveled to the New York City area, where they visited the Federal Farm Credit Banks Funding Corporation and a Wall Street brokerage firm. There they learned how Farm Credit securities are sold to investors, and how the proceeds are put to work for rural communities in the form of Farm Credit financing and related services.
The group then traveled to Washington, D.C., and met with congressional staff and Farm Credit Council leadership to discuss policy issues that affect rural families and businesses.
“We invited the Farm Credit lending cooperatives in our district to select young customers who are actively involved in the agriculture industry and their communities,” said Stan Ray, president of the Tenth District Farm Credit Council, which hosted the eighth annual Young Leaders Program. “We provide these current and future leaders insight into the ways that Farm Credit supports agriculture. In addition, we give them an opportunity to share their knowledge with policymakers who develop the legislation that affects farmers and ranchers.”
The Smiths produce cotton, milo and corn on about 5,000 dryland and irrigated acres, and last year received the One Ton Club Award from Fibermax Cotton. Stacy serves on the New Home Co-op Gin Board and the Plains Cotton Growers Executive Board, and is a National Cotton Council Producer delegate. Amie has a background in banking and mortgage lending, and substitute teaches part-time. The couple has two children.
The Tenth District Farm Credit Council is the regional member of the national Farm Credit Council, the trade association representing the legislative and regulatory interests of the Farm Credit System. The System is a nationwide network of cooperatively owned rural lenders that have provided financing and related services for the agriculture industry since 1916.