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Plains Land Bank Stockholders Participate in 2016 Farm Credit Young Leaders Program

Published February 1, 2017

AMARILLO, Texas — Justin and Lacee Freeman of White Deer, Texas, recently saw firsthand how Farm Credit's cooperative structure and unique funding mechanism enable it to help rural communities and agriculture thrive. The Freemans, member-borrowers of Plains Land Bank, were among 22 agricultural producers who attended the 2016 Farm Credit Young Leaders Program in New York City and Washington, D.C.

Justin and Lacee Freeman
Justin and Lacee Freeman of White Deer, Texas, attended the 2016 Farm Credit Young Leaders Program on behalf of Plains Land Bank. They celebrated the completion of the program in Washington, D.C., with Stan Ray, right, Farm Credit Bank of Texas chief administrative officer and Tenth District Farm Credit Council president.

The 11th annual program began with visits to a Wall Street brokerage firm and the Federal Farm Credit Banks Funding Corporation. There the group learned how the sale of highly rated Farm Credit notes and bonds to investors provides a steady stream of funding that local lending cooperatives put to work in rural communities. Nationwide, Farm Credit provides more than $242 billion in financing to farmers, ranchers, rural homeowners, agribusinesses and other eligible borrowers.

Next the group traveled to the nation's capital to exchange ideas with Acting Deputy Secretary of Agriculture Michael Scuse, members of Congress and congressional staff. The five-day program also included a visit to Mount Vernon, George Washington's innovative farming and milling operation.

“Helping agricultural producers of all ages and experience levels be successful in a complex and capital-intensive business is an important part of Farm Credit's mission," said Stan Ray, president of the Tenth District Farm Credit Council, which hosts the Young Leaders Program. “These impressive participants were chosen by their local lenders for this opportunity to learn about Farm Credit and discuss policy issues that are important to farmers and ranchers."

Justin Freeman is part owner of Freeman Bros. Inc., which operates Clint & Sons Meat Processing. He is the production manager of the jerky plant, which wholesales premium meat snacks to approximately 1,000 locations across several states. Lacee Freeman is employed at Pampa Dental Associates. The couple has two children.

This year marks the centennial of the Farm Credit System, a nationwide network of borrower-owned lending cooperatives that support rural communities and agriculture. The Tenth District Farm Credit Council is the regional member of the national Farm Credit Council, the trade association that works on behalf of System institutions and member-owners.