The Hagstrom Report

Agriculture News As It Happens

Obama nominates Sherrick for FAMC board

President Barack Obama today announced his intention to nominate Bruce Sherrick as a member of the board of the Federal Agricultural Mortgage Corporation.

Sherrick is professor of agricultural and applied finance at the University of Illinois, and director of the Center for Farm and Rural Business Finance at the university’s Department of Agricultural and Consumer Economics.

Sherrick’s research is concentrated in the areas of risk analysis, crop insurance evaluation, and modeling of financial institutions, the White House said.

He is also managing partner of integrated Financial Analytics & Research, a consulting firm in Champaign, Ill., that specializes in credit risk assessment and modeling of agricultural finance institutions, and is also an author/coauthor of the FAST (Financial Analysis and Solution Tools) suite of decision tools targeting agricultural producers and lenders.

He is a contributing faculty member to the university’s farmdoc website, an agricultural information system.