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Celebrating the Centennial Anniversary of Farm Credit

Floor Speech

Date: June 15, 2016
Location: Washington, DC
Issues: Finance and Banking Agriculture and Food

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Mr. ROGERS of Alabama. Mr. Speaker, I rise today to commend the cooperative owners and employees of the Farm Credit System for their continuing service in meeting the credit and financial-services needs of rural communities and agriculture.

Since 1916, the Farm Credit System has served rural Americans.

I was pleased to cosponsor House Resolution 591, introduced by House Agriculture Committee Chairman Mike Conaway & Ranking Member Collin Peterson, as well as the Chairman and Ranking Member of the Subcommittee for Commodity Exchanges, Energy & Credit, Chairman Austin Scott and Ranking Member David Scott.

This resolution recognizes the cooperative owners and employees of the Farm Credit System for their 100 years of service to Rural America.

Today, the Farm Credit System plays a vital role in the success of United States agriculture, providing more than $237 billion in loans to more than 500,000 customers.

For example, in my home state of Alabama, Farm Credit makes over 7,000 loans per year. Almost 10 percent of the farmers they serve are considered Young Operators.

Since 2011, Farm Credit has returned $10.9 million dollars back to their borrowers. I applaud the Farm Credit System's dedication to providing farmers with the means to serve America.

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