COLEMAN, Texas — Cade and Jessica Richmond of De Leon, Texas, recently got an inside look at how the Farm Credit System carries out its mission to provide reliable credit to agriculture and rural America. The Richmonds, member-borrowers of Central Texas Farm Credit, were among 29 young agricultural producers selected from a multistate region to attend the 2014 Farm Credit Young Leaders Program.
The program began in New York City, where the participants learned how investors buy Farm Credit notes and bonds, providing the funding that Farm Credit lending cooperatives put to work in rural communities. Nationwide, Farm Credit provides more than $200 billion in financing to farmers, ranchers, rural homeowners, agribusinesses and other eligible borrowers. Read More