Farmer Mac Receives Two New Board Members

The ""Federal Agricultural Mortgage Corporation"":http://www.farmermac.com/, also known as Farmer Mac, has added two new members to its board of directors. The organization recently announced that former Iowa Gov. Chester Culver and Bruce Sherrick have joined Farmer Mac's directorship.

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Both Culver and Sherrick were nominated to the prestigious position by President Obama. The two candidates were recently confirmed by the Senate, and both were officially sworn in the week of April 2.

Prior to joining Farmer Mac's

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board of directors, Culver held the governorship for Iowa from 2006 until 2010. He has also served as Iowa's secretary of state, as well as the federal liaison to Congress by the Democratic Governors Association.

Sherrick is currently a professor of agricultural and applied finance within the department of agricultural and consumer economics for the ""University of Illinois"":http://illinois.edu/. Additionally, Sherrick serves as the university's director of the center for farm and rural business finance.

Culver is replacing Julia Bartling on Farmer Mac's board of directors, while Sherrick is taking over from Glen Klippenstein, who was previously the vice chairman of the board.

Commenting on the appointments of Culver and Sherrick, Farmer Mac's chairman Lowell Junkins said, ""On behalf of Farmer Mac, I would like to extend a warm welcome to the new members of the Board of Directors. Farmer Mac is uniquely positioned to offer solutions to rural lenders that bring added credit opportunities for farmers, ranchers, and rural businesses, including rural utility cooperatives. Our two new directors will bring valuable skills that will enhance the expertise of Farmer Mac's Board as we strive to fulfill our Congressional mission.

""We look forward to working with the new directors to further this mission and in so doing help to ensure the continued growth and prosperity of rural America,"" Junkins added.