Farmer Mac Changes in the Works

Farmer Mac Names Stephen P. Mullery As General Counsel | Reuters

Farmer Mac is a stockholder-owned instrumentality of the United States chartered by Congress to establish a secondary market for agricultural real estate and rural housing mortgage loans and rural utilities loans and to facilitate capital markets funding for USDA-guaranteed farm program and rural development loans.  Additional information about Farmer Mac is available on its website at www.farmermac.com.

Myles Watts named vice chairman of mortgage board

Montana State University economist Myles Watts has been voted vice chairman of the Farmer Mac board of directors.
Watts was voted to the position by his peers on the 15-member board of directors  of the Federal Agricultural Mortgage Corporation, commonly called "Farmer Mac."
Watts was initially appointed to the board by President Obama in 2010. The board meets about six times annually in Washington, D.C. to address a variety of issues related to lending practices and policies including meeting the regulating requirements of a secondary market for agricultural loans and rural utility lending.

Farmer Mac Announces Two New Presidentially Appointed Directors -- WASHINGTON, April 5, 2012 /PRNewswire/ --