The Hagstrom Report

Agriculture News As It Happens

Navigation

Senate approves FCA nominations

The Senate confirmed the nominations of Jeffery Hall and Dallas Tonsager to serve on the Farm Credit Administration board, announced Senate Agriculture Committee Chairman Pat Roberts, R-Kan., and ranking member Debbie Stabenow, D-Mich.

The nominees were confirmed by voice vote.

“I am pleased the Senate acted swiftly to confirm these nominees,” said Roberts. “At the hearing on their nominations, we discussed how they would ensure there was robust oversight of the Farm Credit System. I hope they will take my advice seriously and get around the country and visit with farmers and ranchers to provide them with confidence in the system.”

Stabenow applauded the confirmations.

“The Farm Credit System supports rural communities in all corners of the country,” said Stabenow. “I look forward to working with both Mr. Tonsager and Mr. Hall – and the entire Farm Credit System – as we work to implement policies that grow the farm sector, support rural businesses, get new and beginning farmers and ranchers on their feet, and bolster rural America.”

FCA regulates and examines banks, associations, and other entities within the Farm Credit System – including Federal Agricultural Mortgage Corporation (Farmer Mac). FCA is governed by a three-person board, with members serving six-year terms. They may not be reappointed after serving full terms.